Hi guys not posted for a while but have been keeping an eye on u all ! Just had my full and finall offer accepted ! Can't believe it ! Just a note for all you people claiming PPI I used my PPI claim as part of my F+F offer with my wonderful parents putting 2000 towards it ! So maybe you can turn the annoyance of not being able to keep your PPI claim to your advantage !!!
Glad to hear your news! It's a lovely feeling isn't it.
We used my PPI refund as part of our f&f settlement also. It showed to me that creditors are open to any offer as they could have taken the PPI and refused the offer.
Well I think if you have other funds that could be produced for f&f and / or you have changes in circumstances that could affect your ability to pay the IVA then technically yes.
In our case, I was offered ill helath retirement @ 47 years old and my pension is a lot less than my wages were. So on paper we wouldn't have been able to make repayments. Therefore by offering the PPI and a 1/3 of my lump sum we ended the IVA early.
We were not struggling to make the payments and the ppi claim plus the money from my parents took the total paid to slightly above the agreed 41p in the pound. There is the possibility of redundancies at my place of work but this is only a possibility. Then again in this day and age who's job is safe ???
What justification was provided to your creditors as to why an asset to which they were entitled in any case could be used to end the IVA early, if there was no difficulty in making payments?
