unwanted PPI on loans

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nanasue

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Post by nanasue » Sat Jun 12, 2010 10:31 am
Hubby and I entered into an IVA in April this year. Feeling pretty low about the whole situation, as money is tight and we have to watch our budget on a daily basis. My question is..as most of the debt we owe is to certain banks, can either of us make a claim against a bank for unwanted PPI on loans, please?
 
 

kallis3

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Post by kallis3 » Sat Jun 12, 2010 12:09 pm
Hi, and welcome to the forum.

Sorry to hear that you are struggling.

If you do make a claim about PPI, it will either go towards the debt with that creditor, or be paid into your IVA. It won't make any difference to your payments. Your creditors will just receive a higher dividend.

You need to speak to your IP if things are really bad.
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
 
 

nanasue

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Post by nanasue » Sat Jun 12, 2010 12:22 pm
Kallis3

Thank you for your warm welcome and advice in post. I feared that might be the case but couldnt help wondering anyway. Thanks again
 
 

kallis3

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Post by kallis3 » Sat Jun 12, 2010 12:43 pm
If you are really struggling, perhaps your I&E needs looking at again. Have a word with your 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
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