Dmp/Iva - can we reclaim any charges

mtd-142128 · 20 November 2009 at 4:16PM

Hi all
Not sure if this is the correct place to ask
Has anybody tried to reclaim charges on loans, credit cards etc, whilst on a dmp or iva

Has anyone been successful
Thanks in advance
mtd

di3004 · 20 November 2009 at 4:23PM

mtd-142128 wrote: »

Hi all
Not sure if this is the correct place to ask
Has anybody tried to reclaim charges on loans, credit cards etc, whilst on a dmp or iva

Has anyone been successful
Thanks in advance
mtd

Hi there.;)

Yes you can to what I know of, it makes no difference at all, I'm also on a payment plan due to hardship and reclaiming mis selling of payment protection insurance, then on to the charges.

However, I've not a clue with helping on this side of things with charges, only that of PPI, but sure someone here, maybe natweststaffmember who knows his stuff will post up with some help for you in regards of the charges, you can do this by hardship with your circumstances.

Good luck.

Di

mtd-142128 · 20 November 2009 at 4:29PM

Thanks Di
Have you had any joy with the PPI yet
Good luck to you too
mtd

di3004 · 20 November 2009 at 4:31PM

mtd-142128 wrote: »

Thanks Di
Have you had any joy with the PPI yet
Good luck to you too
mtd

Your welcome.
Yes I have;), if you been mis sold PPI, please feel free to post up for help on this on this link here:
http://forums.moneysavingexpert.com/forumdisplay.html?f=169
:beer:

PaulinWeston · 20 November 2009 at 4:34PM

If you're in an IVA, then you are allowed to reclaim charges (because they should not have been included in the IVA by the creditor (they are receiving an unfair proportion of the IVA dividend). However, the money you receive back is treated as a "windfall" payment and your IVA will probably have a condition in it about what you must do with the money (most probably it will say "all windfall payments must be paid to the IVA Supervisor for distribution to all the creditors).

I'd check with your IP/IS to confirm this ... you could even ask them to reclaim the charges for you (it's what they're being paid for after all).

I don't know about DMPs.

FYI - I had an IVA that I was very lucky to settle early ... So I reclaimed charges after the IVA had completed ... and in that case ... the money all came to me!

di3004 · 20 November 2009 at 4:35PM

PaulinWeston wrote: »

If you're in an IVA, then you are allowed to reclaim charges (because they should not have been included in the IVA by the creditor (they are receiving an unfair proportion of the IVA dividend). However, the money you receive back is treated as a "windfall" payment and your IVA will probably have a condition in it about what you must do with the money (most probably it will say "all windfall payments must be paid to the IVA Supervisor for distribution to all the creditors).

I'd check with your IP/IS to confirm this ... you could even ask them to reclaim the charges for you (it's what they're being paid for after all).

I don't know about DMPs.

FYI - I had an IVA that I was very lucky to settle early ... So I reclaimed charges after the IVA had completed ... and in that case ... the money all came to me!

Hi Paul.

Thanks for also posting up, cheers hunni.:beer:

mtd-142128 · 21 November 2009 at 10:33AM

Paul,
Thanks for your info, its a great help to know these things can be done, even going back into the account will help to lower the debt amount
Thanks again
mtd

di3004 · 21 November 2009 at 11:48PM

Hi there

Thought I would bump this one up in regards of some help and advice for
mtd-142128, and help with reclaiming charges please - thank you.:D

Dmp/Iva - can we reclaim any charges

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