It will depend upon the company as to whether you get any interest back or not as the majority of PPI claims get paid straight to the IP.
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
Doesn't sound like a fast process so just make sure they don't forget you along the way and if it were me I would periodically just ask them for an update.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Please can you tell me if you are entitled to interest on PPI we completed 2 yrs ago a recent PPI payment went to our IP £7000 of the payment is interest who is entitled to this.
Our legal advice states that the interest belongs to the creditors but it is a taxable income. Therefore we will reimburse our clients the money to pay HMRC unless the bank or ourselves account directly to HMRC for the tax due. This is more common now.
