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Posted: Sun Aug 21, 2011 7:12 pm
by Daniel.dd
hi i`m currently on an iva and wondered could i claim back on the ppi ? would that pay off some of my debt or would that just give more back to the creditors ?
Posted: Sun Aug 21, 2011 7:19 pm
by Shining
It would go back to your creditors or the creditor from whom you claimed would possibly keep it for their debt. x
Posted: Sun Aug 21, 2011 7:21 pm
by kallis3
Agree with Lesley. It will either go back to your IVA or to your original creditor.
Either way, your creditors will be getting a much better dividend.
Posted: Sun Aug 21, 2011 9:16 pm
by stressed28
What if you recieve ppi money before iva has started can you keep the money ? So much needs doing to the house knowing our luck we won't get anything anyway !
Posted: Sun Aug 21, 2011 9:41 pm
by kazzafunk
I suppose so but it takes ages in most cases. Mine has been with the ombudsman for 18 months. Kept going with it due the principle involved - but I know in the end it will just improve the dividend to other creditors. If it wasn't with them I would have dropped it by now but they wanted to pursue the claim because of the reasons involved.