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Posted: Thu Oct 22, 2015 11:04 pm
by julie.ty
how long after completion of iva do you recieve interest from ppi claims thanks
Posted: Fri Oct 23, 2015 8:00 am
by kallis3
Hi,
It will depend upon the company as to whether you get any interest back or not as the majority of PPI claims get paid straight to the IP.
Posted: Fri Oct 23, 2015 12:13 pm
by Sharon.10
Grant Thornton have told me I will get the interest back from the ppi next year
Posted: Fri Oct 23, 2015 9:34 pm
by marksam1
Over 2 years for me
Posted: Sun Oct 25, 2015 7:04 pm
by Shining
Doesn't sound like a fast process so just make sure they don't forget you along the way and if it were me I would periodically just ask them for an update.
Posted: Mon Oct 26, 2015 6:33 pm
by Bev.lg
Please can you tell me if you are entitled to interest on PPI we completed 2 yrs ago a recent PPI payment went to our IP £7000 of the payment is interest who is entitled to this.
Posted: Tue Oct 27, 2015 9:30 am
by Michael Peoples
Our legal advice states that the interest belongs to the creditors but it is a taxable income. Therefore we will reimburse our clients the money to pay HMRC unless the bank or ourselves account directly to HMRC for the tax due. This is more common now.
Other firms operate differently.