Do I need to keep paying my IVA?

Get expert opinion. This is the place for new questions to be posted.
2 posts Page 1 of 1

lisa309

User avatar
Posts: 1
Joined: Wed Nov 11, 2020 7:04 am

Post by lisa309 » Wed Nov 11, 2020 7:04 am
My Iva finishes in January 21
I pay £150 pm
Iva have just had £1000 ppi sent to them, will I still have to pay the remaining £450

Foggy

User avatar
Forum Expert
Posts: 31552
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Wed Nov 11, 2020 7:55 am
Yes -- unless this takes you over the total of the full original debt, plus fees and possible statutory interest. PPI refunds do not replace regular payments or go towards them, they simply go towards getting creditors a better return.
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
2 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”