PPI on a terminated IVA

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Post by melanie891 » Tue Jan 29, 2019 10:01 am
iv found we paid for ppi on iva that we had terminated due to missed payments due to lack of work and money iv gone through the breakdown they sent to fine £250 a year been taken for a ppi review therefore we missold a ppi with iva can you let me know what to do nw please as we prob now need to sell our home


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Post by Foggy » Tue Jan 29, 2019 10:05 am
IVA's do not charge PPI. Nor would they conduct a PPI search every year. However, any charges for a search would be added to the fees on the IVA which would come out of your regular payments ---- your creditors are, effectively, paying these fees, not you.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014


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Post by kallis3 » Tue Jan 29, 2019 10:24 am
If your IVA failed I imagine you could keep PPI -could be wrong of course!!
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.
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