I would advise caution ...... as the issuing bank is a creditor they will be in contact with your IP for the next half a decade and, at any time, might mention the PPI refund --- this could lead to the IVA being failed and the whole lot going down the toilet.
I imagine it was sent direct to you due to the closeness of the IVA start date ( it would have come from a department possibly not yet aware of the IVA proceedings).
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Your PPI will belong to your creditors - you need to speak to 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
Some firms allow you to keep the interest, but not all, by any means. And some of those change their minds every now and then. Mine kept it all and I have heard that some promising to allow interest have yet to keep their promises.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
IVA requires honesty .... you need to inform your IP and potentially hand the money over. It will go towards your creditors claims and will provide a higher return.
My advice, however tempting it is, is not to hide it!
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
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
