Ppi

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Ppi

Pigger479
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by Pigger479 » Mon Aug 14, 2017 3:15 pm
Hi I applied for ppi refund before my iva was accepted . Will any money back have to go into my iva?
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Michael Peoples
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by Michael Peoples » Mon Aug 14, 2017 3:22 pm
Your IP will likely be carrying out their own investigations anyway so you should assume that any PPI will go to your creditors regardless of who applied for it.
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Foggy
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by Foggy » Mon Aug 14, 2017 3:31 pm
I agree with Michael. Any refund will be due to the IVA.
Pigger479
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by Pigger479 » Mon Aug 14, 2017 4:41 pm
That's fine I'm happy for it to enter iva. Shall I just leave it up to ip or shall I continue the claim myself
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kallis3
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by kallis3 » Mon Aug 14, 2017 5:26 pm
I'd let them do it otherwise you could end up with a bill from a claims firm.
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Foggy
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by Foggy » Mon Aug 14, 2017 5:43 pm
Like Kallis I would let them do it -- it's what they are paid for !
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Michael Peoples
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by Michael Peoples » Wed Aug 16, 2017 7:59 am
If you are going to achieve a high dividend or the amounts are large then there is potential for the IVA to be cleared in full. If this is the case then chasing the PPI yourself may keep costs down and possibly even shorten the IVA term.
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Foggy
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by Foggy » Wed Aug 16, 2017 8:06 am
Michael Peoples wrote:
If you are going to achieve a high dividend or the amounts are large then there is potential for the IVA to be cleared in full. If this is the case then chasing the PPI yourself may keep costs down and possibly even shorten the IVA term.



Good point-- that 30% could make all the difference ! But, the more efficient claims companies seem to be able to go back further and find PPI where we mere mortals can't (albeit for an immoral fee) .
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