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

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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.


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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.
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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


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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!
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