Advice on PPI claims post IVA completion

Get expert opinion. This is the place for new questions to be posted.
4 posts Page 1 of 1

User avatar
Posts: 8
Joined: Sat Apr 26, 2014 9:52 am

Post by » 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

User avatar
Industry Expert
Posts: 7759
Joined: Wed Dec 03, 2014 10:26 am

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: ... Z5k9ZcC2MA 01752 786800


User avatar
Forum Expert
Posts: 30887
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

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


User avatar
Forum Expert
Posts: 75723
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

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.
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”