Get expert opinion. This is the place for new questions to be posted.
-
IVA_kid
- Posts: 21
- Joined: Thu Aug 14, 2008 12:44 pm
- Location:
I recently received my certificate of completion. Also, it has been roughly 6 years since the start of my IVA. Is it still possible to claim back bank charges and PPI? Also, will it make a difference if it is more than 6 years since the start of IVA or not? Thanks.
-
luluj
Forum Expert
- Posts: 11333
- Joined: Sun Dec 09, 2007 6:54 am
- Location: United Kingdom
You can claim back your PPI charges when out of an IVA - surprised those that this was not done by your IVA company at the end of your claim. You may find that the PPI company ask if you have ever been in an IVA and which company it was with - we recently went down this route and we had to provide them the details of the company and the amount we owed, copy of the completion certificate etc .....I have a feeling your creditors may still be entitled to some of the money - although I may be wrong ....hopefully one of the experts can clarify later this morning for you.
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
Look at my blog "All I wanted was a baby"
-
Niobe
- Posts: 5169
- Joined: Tue Jul 03, 2012 9:56 am
- Location:
I agree that your creditors may well use this money to offset against the debt you had with them regardless of the fact that your IVA has completed unless you paid back 100p in the pound in which case I would have thought that it would be yours.
-
allancsn
- Posts: 100
- Joined: Wed Dec 14, 2011 7:59 am
- Location:
PPI - if you had any - would more than likely be retained to off set the write off that happened at the completion of your IVA. If it went to the Financial Ombudsman they would probably find in your favour but there is no guarantee they'd not take a view it should be an assett within your IVA. Really down to how much you paid for PPI and if you were missold.
Bank charges rely on them causing you 'severe hardship' in the main and they look at you're situation now rather than then - you have to prove that you are in hardship by providing a full income and expenditure for you're current situation. Again it has to be worth you're while doing it.
There are standard claim letters on several consumer web sites if you decide to go ahead.
It all boils down to how much you paid or lost and the approach you're individual creditors take to claims -some are more hard nosed than others.
For me they all wrote off over 60% of my debt I'm happy with that.
