www.iva.co.uk

Sorry 2 questions in one day!

You know how this things catch up with you, I worked out its been 3 and a half years since completion.

The other day Barclays sent me a letter regarding PPI I was on there books as a loan in the past etc..

Now I had 3 loans since I was 18 with Barclays 2 paid off, 1 the last one my IVA cleared it, I was always under the mindset of leave it alone ppi is what it is and why claim. Ive moved since my iva so was surprised to get a letter from Barclays asking me for details to claim.

The question is, would I actually get anything back? just file the letter in the bin?

A windfall would be great in the pot for savings for a mortgage but if its just going to drag up the past happy to leave it alone, any thoughts on this? has anyone been successful since IVA or would it be better to contact my old ip?

hi antm,
this depends on the terms at closure i believe, if there was a trust in place at closure to capture ppi or not, get in touch with your IP they will be able to tell you or look on your final report

The amounts involved can be surprisingly high so certainly worth a look. If your IP has a deed of assignment then they will likely pursue the money anyway but if not you should definitely look into it. If there was a high dividend returned to your creditors any PPI could clear the balance and leave some for you so no harm in checking things out.

Ive gone through all of my documentation and found nothing about ppi, my iva was set up before the big ppi thing.

Ive only asked for a review of the loans prior to the one which triggered my IVA, 3 previous fully paid off loans with Barclays I haven't asked for anything within the iva so hopefully might get something back from one of those.

There is no harm in asking for the review but be careful you do not do all the work and get nothing back. Your IP may agree to a split of some sort if they do not have a deed of assignment as without your help they may struggle to get anything back.

I'm in a bit of a shock, Barclays took a percentage for what I owe as my account is still active In there recovery dept brings my total down to £10k I owe them, and they paid me £11k in compensation, I'm shocked seriously I have no idea what to do, well bank it obviously!

Wow nice!

I contacted my IP in the week his admin staff where surprised to hear from me as my IVA completed back in 2012, they looked at my file, put me on hold, called me back turns out I have no agreement in place for ppi so its all mine, they did advise I could appeal against Barclays taking a chunk before paying me as it isn't in the iva arrangement, oh and on checking my account I had £35 in the iva account unclaimed so they have sent me a cheque lol couldn't make it up.

Ive been in touch with Ryans Company this week and the mortgage ball is rolling, just waiting for Equifax to correct my history as they have it down as I haven't completed my iva and then I should be on the home run for a pre-mortgage.

It's nice to read such a positive post and hope the mortgage goes through ok.