Can I claim PPI?

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paul973

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Post by paul973 » Tue Sep 03, 2019 3:12 pm
Hi, I was in an IVA that was completed in 2006. A company has recently found PPI dating back 1994 with NatWest. As NatWest was one of the original creditors in 2006 can I claim my PPI or will they try and stop any payment?

Foggy

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Post by Foggy » Tue Sep 03, 2019 3:32 pm
The creditor refunding the PPI might do one of several things: They could withold the refund to offset any debt. They could refuse to pay out until you have a letter from the former IP that they do not want the refund ( It does technically still belong to the IVA, even after completion). They could send it direct to the IP (leaving you with the delight of paying the claims company fees yourself) Or, rarely, they could just send the refund to the claims company who will deduct the fees and send the balance to you --- whwther you tell your former IP or not is up to you (although, again, technically, you should).
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 » Tue Sep 03, 2019 3:34 pm
I doubt you can claim now as last week was the last time you were able to claim.
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

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Post by Foggy » Tue Sep 03, 2019 3:43 pm
................."company has recently found PPI" .....

this could either be an already lodge claim, in which case it can proceed. Or it could be an imaginary carrot being dangled to elicit a claim, in which case, as Kallis says, it is now too late.
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

paul973

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Post by paul973 » Tue Sep 03, 2019 3:45 pm
So could I still be liable to pay the PPI company even if I don’t see a penny of the refund?

Foggy

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Post by Foggy » Tue Sep 03, 2019 4:18 pm
Tue Sep 03, 2019 3:45 pmpaul973 wrote:
So could I still be liable to pay the PPI company even if I don’t see a penny of the refund?
You could ... and it has happened to others ! Some IPs will refund the fees, but some won't.
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
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