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Pigger479

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Post by Pigger479 » Tue Dec 11, 2018 8:38 am
Hi everyone,

I’ve received an unexpected letter in the post from an old creditor (not in my IVA) saying I’m due a a £69 refund and have enclosed a cheque. Do I need to cash this then pay it into my IVA or do I get to keep it?

Thanks
 

Foggy

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Post by Foggy » Tue Dec 11, 2018 8:46 am
Most IP's treat PPI refunds as an asset, rather than a windfall, so you don't get the £500 trigger. However, for £69 the IP might well leave it with you. You need to ask your IP.
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 Dec 11, 2018 12:03 pm
Just ask your IP, to cover yourself but they won't be interested in £69.
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
 

Pigger479

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Joined: Tue May 16, 2017 5:07 pm

Post by Pigger479 » Tue Dec 11, 2018 12:36 pm
I have spoken to them and they want me to send the cheque directly into them... I can’t see how it’s going to be beneficial as it’s made out to me but they are inisisting that I send it to them
 

kallis3

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Post by kallis3 » Tue Dec 11, 2018 2:40 pm
Let them have it - they can't cash it anyway.
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 » Tue Dec 11, 2018 2:54 pm
Although made out to you, your client account at your providers will be in your name, so the cheque could be paid into that account.
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 Dec 11, 2018 3:45 pm
Lisa Thomas wrote:
Just ask your IP, to cover yourself but they won't be interested in £69.
Sorry I had assumed your IVA was closed, but assuming it isn't then yes your IVA estate will likely be entitled to these funds and you have a duty to cooperate.
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
 

kallis3

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Post by kallis3 » Tue Dec 11, 2018 4:24 pm
I do wonder - is it worth it for that amount?
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
 

Pigger479

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Joined: Tue May 16, 2017 5:07 pm

Post by Pigger479 » Tue Dec 11, 2018 6:19 pm
kallis3 wrote:
I do wonder - is it worth it for that amount?
My girlfriend has cashed it before i had chance to tell her not to! Will they be ok if I make payment once it’s cashed?!
 

Foggy

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Post by Foggy » Tue Dec 11, 2018 6:20 pm
Pigger479 wrote:
kallis3 wrote:
I do wonder - is it worth it for that amount?
My girlfriend has cashed it before i had chance to tell her not to! Will they be ok if I make payment once it’s cashed?!
You will probably now have to evidence the amount you send them --- the covering letter might do if it refers to the amount.
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
 

Pigger479

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Joined: Tue May 16, 2017 5:07 pm

Post by Pigger479 » Tue Dec 11, 2018 6:31 pm
Foggy wrote:
Pigger479 wrote:
kallis3 wrote:
I do wonder - is it worth it for that amount?
My girlfriend has cashed it before i had chance to tell her not to! Will they be ok if I make payment once it’s cashed?!
You will probably now have to evidence the amount you send them --- the covering letter might do if it refers to the amount.
Yeah it has a break down on the letter so I will just forward that to them
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