www.iva.co.uk

Hi all completed iva april 2017 via F%F .
Have today had a letter from my old bank to say they miscalculated a ppi and they are sending a cheque for £500.
1. Do they inform my old iva company?
2. How do I send to iva company?
3. Could I keep it ?!?!


Thank you

You may be ok if it's £500 but best contact your IVA company. They may not be interested.

In theory it belongs to your former IVA for the former creditors. As Kallis says, your former IP might not be interested in a refund of that amount as it might be uneconomical to deal with ( though some firms still want blood!).
They may, or may not, inform your old IP --- they may even do checks, see you were in an IVA and keep the refund to offset their old debt, if they were one of the creditors.
To send it to your old company you can pay it in to your own account and transfer the money or whatever method they suggest.
Could you keep it ??? Possibly ... they might let you keep it, if they know about it. You may choose not to tell htem -- but, of course, you don't know who else might tell them. And you might spend the next 10 years worrying that you will be found out.

Hi all iva completed april 2017 via F&F.
Today i have received a letter from my old bank to say they have miscalculated ppi.
and that they will be sending me a cheque for £500.00.
1. Do they also inform my old iva company?
2. Would iva company keep all of the money?
3. How do I send it to the iva company (to be truthful it would be very nice to keep)
Thank you in advance

Topics merged as identical queries under different usernames for the same poster.