hi i`m currently on an iva and wondered could i claim back on the ppi ? would that pay off some of my debt or would that just give more back to the creditors ?
Agree with Lesley. It will either go back to your IVA or to your original creditor.
Either way, your creditors will be getting a much better dividend.
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
What if you recieve ppi money before iva has started can you keep the money ? So much needs doing to the house knowing our luck we won't get anything anyway !
I suppose so but it takes ages in most cases. Mine has been with the ombudsman for 18 months. Kept going with it due the principle involved - but I know in the end it will just improve the dividend to other creditors. If it wasn't with them I would have dropped it by now but they wanted to pursue the claim because of the reasons involved.
