What happens to PPI ? I am not in an IVA, my debt sold on collection company.

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barry860
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by barry860 » Sat Nov 04, 2017 11:05 am
not in a IVA but have a debt to a credit card company who have sold the debt to a collection company.
If I claim PPI who will get the money
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kallis3
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by kallis3 » Sat Nov 04, 2017 11:39 am
Hi,

If you are not in an IVA it should come to you.
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Foggy
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by Foggy » Sat Nov 04, 2017 11:40 am
barry860 wrote:
not in a IVA but have a debt to a credit card company who have sold the debt to a collection company.
If I claim PPI who will get the money


You might --- or the company will decide to keep it to offset the debt. So, don't use a claims company as you will end up in debt to them too if the refund is retained by the creditor, as they will still want their 30%.
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