I had an IVA for five years and had to pay for an extra year. This was about two year ago and thought I was finished. But it seems your always tied to your Iva they are back onto me about ppi and was told your are not finished your Iva until is 100% paid back
Should have just went bankrupt
PPI would be the same as an IVA as it is always paid to your creditors.
If you have your completion then your IVA is finished - just let them get on with claiming PPI - your records should be clear.
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
As Kallis says if the Completion Certificate has been issued then the IVA has finished - PPI is a totally separate issue and doesn't stop you from moving on with your life and obtaining mortgages, credit, etc.
Regards
Ryan Radford
IVA Mortgage Expert
Zebra Money Centre
IVA Mortgage advice needed? Looking at Right to Buy and completed IVA still on credit files ?
As has been said --- PPI is another issue, apart from the IVA and only hangs in their because it existed (or potentially existed) during the IVA and is therefore captured by it. All it means is that any PPI refund belongs to your creditors still and not to you.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Thu Jun 06, 2019 11:20 amnorman wrote:
Hi do you know what happens after 29th August with PPI does it really end completely .
According to the ombudsman you will no longer be able to lodge new claims for refunds for PPI. Ongoing claims will carry on until finalised. There will, of course, be a new income stream coming on line in claims for the miss-selling of all sorts of other financial products.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Glad this has been mentioned......
Will companies get back in touch with people whos IVAs are completed and want to chase the misselling of these other products?
Should we all be expecting letters to chase this new line of income even when iva complete and Ppi claimed?
Seems alit of work to chase everyone whos ever had an IVA!
AKA medical claims, car accidents, mortgage, delayed flights, holiday insurance claims. The list is endless.
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
Thu Jun 06, 2019 12:17 pmhugh wrote:
Hi and in the letter they wanted to know about pensions my mortgage is paid in four years time worried they will be looking me to remortgage
Apparently some mortgages had interest applied incorrectly and, of course, there could be miss-sold endowment policies. Remember though, that only that portion of any miss-selling claims up to the end of the IVA can be included --- anything after that is yours. So scrutinize any refunds they get.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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
