I have not got closure letter yet
I have been told off friends I cannot get credit and any PPI refunded would still go to creditors, also if I sold my house I would have to give that money to creditors also, is this information correct?
But it sounds as if your IVA is not over yet as you are still waiting for your CC. Get your IP to confirm no interest in the property and take the restriction off. Better yet don't do anything with the house until you have the CC in your hands!
PPI would be due into the IVA pot, even after you have had your CC.
Your credit rating is affected for 6 years from the start of your IVA and you will have difficulties unless and until IVA finished AND off the register (within 3 months after the CC) and 6 years has passed.
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