Would PPI claim money go to IP?

Get expert opinion. This is the place for new questions to be posted.
4 posts Page 1 of 1
User avatar
Posts: 10
by Matt.rs » Fri Oct 26, 2018 1:56 pm
Hello everyone
I have 3 more payments left till IVA is completed which is great.
Has anyone recently received a letter from the financial claims office. They are quoting the plevin v paragon ruling and telling me I can claim PPI and bank account charges.
I have of course done all the PPI Checks with regards to my creditors.
I may have a possible ppi claim with an non creditor and i did pay a monthly fee for an old account.

Would any of this money come to me or be handed over to the IP.
User avatar
Forum Expert
Posts: 27711
by Foggy » Fri Oct 26, 2018 1:59 pm
PPI and similar claims belong to the creditors, even after the IVA has completed. although some IP's will allow you to keep it (not many though). If you use a claims company and the lender sends the money direct to your IP, as often happens, you might be stuck with having to pay the claims company commission to boot !
User avatar
Forum Expert
Posts: 73924
by kallis3 » Fri Oct 26, 2018 4:12 pm
Agree - it does belong to your creditors.
User avatar
Posts: 354
by Radish » Sun Oct 28, 2018 9:52 am
PPI has been a very confusing part of the IVA process.
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: No registered users and 12 guests