Am I entitled to PPI or does it all go to IVA?

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

alan111

User avatar
Posts: 1
Joined: Mon Jan 13, 2020 2:03 pm

Post by alan111 » Mon Jan 13, 2020 2:03 pm
I completed an iva recently. I have now found out that I had a PPI claim. A cheque for £1,793 has been forwarded to Aperture who were dealing with my IVA. I believe that I may be entitled to a percentage of this cheque. Is this correct? Are you able to let me know regarding this? The loans of £2500 were taken out with the co-operative bank in 1997.

kallis3

User avatar
Forum Expert
Posts: 75283
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Mon Jan 13, 2020 2:32 pm
It depends on whether your debts will have been paid off in full during your IVA, otherwise the PPI will be due to your creditors.
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

Foggy

User avatar
Forum Expert
Posts: 30033
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Mon Jan 13, 2020 5:18 pm
If you signed an agfreement to this effect Aperture may allow you to keep any interest element (if any) of the refund, if not they are not obligated to let you have any of it, unless you have repaid 100% of the original debt.
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

WallE

Posts: 23
Joined: Sat Oct 26, 2019 11:08 pm

Post by WallE » Mon Jan 13, 2020 11:17 pm
It depends on the wording in your proposal (if any) and as Foggy says; whether you've hit 100p in the pound. Some Cleardebt (who Aperture took over) proposals let you keep the first £500 of any PPI claim, some former Grant Thornton proposals let you have the stat interest, and if your PPI was investigated by FDM at Aperture's request, you may get something back if you returned the paperwork.

Give Aperture a call and check!
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”