Deposit refund

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karen575

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Post by karen575 » Mon Sep 17, 2018 3:54 pm
I have posted previously about this but got my deposit for my rent back as moving in with partner and it's £442.00. I was told previously if it's under 500 I don't need to advise my iva company. Do you think I should tell them? Or will i lose it. Don't want to do the wrong thing. Many thanks

Foggy

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Post by Foggy » Mon Sep 17, 2018 4:06 pm
I would say to keep it --- it is not a windfall, it is money you have already paid out being returned. Also, if it were to be considered a windfall, assuming you have the usual clauses, it is less than the trigger amount of £500.
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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karen575

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Post by karen575 » Mon Sep 17, 2018 4:49 pm
I am with credit fix and can't seem to find any clauses. I will be refunded by cheque so will have to go into my bank account.

luluj

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Post by luluj » Mon Sep 17, 2018 10:15 pm
Pay it in and put it to oneside for a rainy day ...
Sharing from experiences of dealing with debt

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Lisa Thomas

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Post by Lisa Thomas » Wed Sep 19, 2018 3:08 pm
If a 'windfall' clause is not specifically mentioned in your original IVA proposals/modifications then check your terms and conditions.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk

kallis3

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Post by kallis3 » Wed Sep 19, 2018 3:37 pm
Have you got a savings account you could pay it into?
http://kallis3.blogs.iva.co.uk/
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.
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