Paid back more than owed in IVA

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dan683
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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
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kallis3
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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.
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Foggy
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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.
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Lisa Thomas
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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?
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Lisa Thomas
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by Lisa Thomas » Tue May 22, 2018 8:20 am
...and when did it start?
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