Hi all completed iva april 2017 via F%F .
Have today had a letter from my old bank to say they miscalculated a ppi and they are sending a cheque for £500.
1. Do they inform my old iva company?
2. How do I send to iva company?
3. Could I keep it ?!?!
You may be ok if it's £500 but best contact your IVA company. They may not be interested.
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
In theory it belongs to your former IVA for the former creditors. As Kallis says, your former IP might not be interested in a refund of that amount as it might be uneconomical to deal with ( though some firms still want blood!).
They may, or may not, inform your old IP --- they may even do checks, see you were in an IVA and keep the refund to offset their old debt, if they were one of the creditors.
To send it to your old company you can pay it in to your own account and transfer the money or whatever method they suggest.
Could you keep it ??? Possibly ... they might let you keep it, if they know about it. You may choose not to tell htem -- but, of course, you don't know who else might tell them. And you might spend the next 10 years worrying that you will be found out.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Hi all iva completed april 2017 via F&F.
Today i have received a letter from my old bank to say they have miscalculated ppi.
and that they will be sending me a cheque for £500.00.
1. Do they also inform my old iva company?
2. Would iva company keep all of the money?
3. How do I send it to the iva company (to be truthful it would be very nice to keep)
Thank you in advance
