PPI DISTRIBUTION

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moneyprobs

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Post by moneyprobs » Sun Jun 24, 2012 5:27 pm
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Hi all,

If someone claims ppi post receiving their completion certificate, the creditor then agrees the claim and writes it off against previous debt.

where would the money go ??

does the creditor go back to the ip and then it is distributed amongst all creditors or would they keep it to write off against their own debt ???
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plasticdaft

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Post by plasticdaft » Sun Jun 24, 2012 8:26 pm
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Probably keep it to reduce their own debt write off.

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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Broke of London

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Post by Broke of London » Sun Jun 24, 2012 11:17 pm
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Agree with Paul - they'll probably set if off against their own debt. If you have any PPI cliams, it's best to claim them now so that creditors' claims are adjusted to their correct levels and you don't end up paying a dividend on mis-sold PPI. x
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