Advice on PPI claims post IVA completion

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Deborah.mn

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Post by Deborah.mn » Thu Nov 28, 2019 3:33 pm
I got my completion Certificate January 2017, they did all the PPI checks and received funds but I got a letter from a company saying I could claim PPI back from IVAs.

Long story short I got a letter saying I have PPI from a old catalogue account and it totals nearly £6,00. It has gone to the IVA company and said they are keeping it yet I got a letter from PPI specialist saying they are sending me a cheque in my name which I obviously have not got but IVA have taken.

If they have sent a cheque in my name how will the IVA company cash it and why have they taken all of it. I paid into my IVA for 7 years and never missed a payment, it all seems so unfair.

Can anyone advise

Lisa Thomas

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Post by Lisa Thomas » Thu Nov 28, 2019 3:42 pm
They will ask for a replacement cq to be sent.

Did you pay your total debts and interest and costs off in full?

If not then the PPI belongs to the IVA.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk

Foggy

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Post by Foggy » Thu Nov 28, 2019 4:42 pm
The law is such that PPI refunds do belong to the former IVA for the benefit of former creditors. This has recently been ratified in the Appeals Court. I would be wary of the advice of any "PPI Specialist" who gets 40% commission (plus VAT) !
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

kallis3

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Post by kallis3 » Thu Nov 28, 2019 4:45 pm
Agree with Foggy!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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