PPI refund received after completing IVA

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Susan.33
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by Susan.33 » Thu Sep 07, 2017 11:03 am
I have now completed my IVA but have since received a PPI refund from Santander and the money is broken down as follows:-
A Full refund of ppi payments £1791.10
B Associated interest £717.95
C Any over limit Fees being refunded £12.00
D 8% interest £2.20
With other PPi refunds I've been able to keep 'D' but would i also be entitled to 'B' and 'C'?
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Foggy
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by Foggy » Thu Sep 07, 2017 11:09 am
It depends upon how your IP treats refunds -- some allow you to keep the interest element, some alow you to have the first £500, most take it all ! I am afraid that there is no set formula or guidance issued.
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