Do my payments drop after PPI award ?

Get expert opinion. This is the place for new questions to be posted.
2 posts Page 1 of 1
User avatar
Posts: 1
by craig » Sun Mar 05, 2017 8:01 am
Hi I'm currently in an Iva total debt I owe is £9625 just been awarded £6660 ppi which they have had I'm currently paying £190 a month I've only been in the Iva 5 months my question is what happens now i.e. Do my payments drop, Iva shortened or should I offer final settlement 😳
User avatar
Forum Expert
Posts: 24431
by Foggy » Sun Mar 05, 2017 11:33 am
Your payments continue as agreed. If you reach the total paid in of full original debt, plus fees and statutory interest the IVA will conclude early. Don'f forget, when working this out, that, of the PPI refund, about a third of this doesn't make it in to the IVA estate, being the claims company fee.
2 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: No registered users and 13 guests