Can i claim my unfair bank charges back

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carl.c

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Post by carl.c » Sat Jun 16, 2007 9:39 pm
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Can i claim my unfair bank charges back from the same creditors i have entered into an iva with, most of them have sold on the debt and will it affect my iva?
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Skippy

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Post by Skippy » Sat Jun 16, 2007 9:44 pm
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Hi Carl and welcome to the forum. I think you can try and claim back unfair bank charges, but if you are successful whilst in an IVA the money will be classed as a windfall and will have to be paid into your IVA. This will reduce your overall debt, but unless you are paying back 100p in the pound it is unlikely to reduce the length of your IVA.

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/
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PoorbutHappy

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Post by PoorbutHappy » Sat Jun 16, 2007 10:05 pm
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The refund I got from my bank over miss-selling loans was just knocked off my loan balance (by the bank).

So I started my IVA owing them roughly 13K. Now that balance is down to £9K (even though they havent actually recieved any payemnts yet from IP), so when my payments are dished out by my IP, they get a bit less and everyone else gets a bit more.

So dont really have much effect, but I felt better for it anyways.

The only way I can see me personally seeing any benefit, is if I am in a postion to offer a full & final in the future. I would have to offer less, to maintain the same amount in the £ as per my original agreement.
Last edited by PoorbutHappy on Sat Jun 16, 2007 10:05 pm, edited 1 time in total.
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