Get expert opinion. This is the place for new questions to be posted.
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PM123
- Posts: 4
- Joined: Mon Feb 25, 2013 11:31 am
I have been in an IVA for 3 years and a few months ago I received a letter from my IVA company about PPI, if I have any successful claims will this reduce the term of my IVA?
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TheArtist
- Posts: 555
- Joined: Sat Nov 17, 2012 4:41 pm
- Location: United Kingdom
Welcome PM.
Afraid not. It will just increase the creditors dividend.
Completed IVA - August 2012 pheeeeeeeeeew
Only my opinion - Nothing More Nothing Less
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PM123
- Posts: 4
- Joined: Mon Feb 25, 2013 11:31 am
After lva whats gonna happen with me, I will get my credit back?
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TheArtist
- Posts: 555
- Joined: Sat Nov 17, 2012 4:41 pm
- Location: United Kingdom
6 years after the date of IVA, you'll find things a great deal easier. The self repair of your CRA files should take place very soon after the 6th anniversary. Until then, it could be tricky to get mainstream borrowing. In any case, there is no chance whilst still in an IVA. PM, the remaining 3 years will fly by, but one benefit of this PPI communication is at least you can get it done and it should be concluded by the time your IVA is over. This may accelerate the issue of your CC. All the best.
Completed IVA - August 2012 pheeeeeeeeeew
Only my opinion - Nothing More Nothing Less
