www.iva.co.uk

Hi newbie here!

I've just had my F&F accepted last this week. I'm still going through a PPI review and some has been found. My chairmans report states that any monies from these investigations will be deemed an asset. Will I get to keep £500 which I've heard on these forums or the statutory interest?

Thanks in advance

It depends which company you are with for your IVA, some allow these, GT will give you the 8% interest (after there fees and PPI company fees etc) but they do not pay it until all PPI claims are completed. I believe Cleardebt allow the first £500 but not sure, everyone else has the whole lot

As said above most firms take the lot, unless you have signed an agreement stating otherwise.

Hi

Good info from Peejayel but do check with your IP, only they can give you a definitive answer

Good luck

Regards

Good advice to check with your IP. I was lucky this week to be getting £1500 back from ppi so you may end up with more

Good luck