Paid back more than owed in IVA

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dan683

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Post by dan683 » Mon May 21, 2018 1:04 pm
I have worked out that due to 2 large payments, one for Ppi and one for interest over charged, that have been claimed and paid to my IVA company that I will have paid back more to them than the original debt owed. This doesn't seem right to me but wanted some professional advice

kallis3

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Post by kallis3 » Mon May 21, 2018 1:18 pm
Hi,

Don't forget you have to factor in fees and possible statutory interest as well.
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.
Bob Marley.
http://kallis3.blogs.iva.co.uk

Foggy

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Post by Foggy » Mon May 21, 2018 1:20 pm
You always owe the full original debt, plus fees, as agreed, as well as possible statutory interest at 8% simple per annum. Once you hit this figure the IVA will conclude.
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

Lisa Thomas

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Post by Lisa Thomas » Tue May 22, 2018 8:19 am
How much was the original debt and how much has been paid into your IVA?
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

Lisa Thomas

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Post by Lisa Thomas » Tue May 22, 2018 8:20 am
...and when did it start?
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
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