Can the IVA keep my PPI payment

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anthony989
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by anthony989 » Wed Sep 12, 2018 2:03 pm
if I have a completion certificate from my iva company and I have an ppi from a company that the iva didn't have on my creditors list as it was a secure loan on the property do the iva have the rights to keep my ppi payment
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kallis3
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by kallis3 » Wed Sep 12, 2018 3:47 pm
Unfortunately it is due to your creditors.
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Foggy
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by Foggy » Wed Sep 12, 2018 3:57 pm
Some IP's ( a rare few) will allow PPI from secured lending (ie not in the IVA) to be kept .... but most will not. In the opinion of the Courts PPI belongs to your former creditors. Again, some IP's will return it to you if they consider it uneconomical to dig out old records and contact former creditors.
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