Cash left from PPI refund

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mary942

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Joined: Fri Jan 18, 2019 10:40 pm

Post by mary942 » Wed May 01, 2019 6:24 pm
I have had a large PPI repayments made that have paid off my IVA leaving £457 cash in hand, I have tried to speak with the company who I have the IVA with to see where I stand now. Someone please explain.
Thank you

Foggy

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Location: United Kingdom

Post by Foggy » Wed May 01, 2019 7:12 pm
If the payment has covered the full original debt, fees and possible statutory interest the excess should be returned to you on completion. You need to get the IP to explain the figures as 'cash in hand' now might simply be thus far unallocated funds.
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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