We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Can I claim if im in an iva?
losethedebtlou
Posts: 85 Forumite
Im in IVA which the company I want to claim against is part of. Can I still claim my ppi back even if the company is in the IVA or will they get funny and start requesting to finish the iva early etc? I dont want to send a letter off until I know what the consequences are. Can anyone help?
Lou
Lou
Loan - [STRIKE]10000[/STRIKE] 5686 Debt start : £18750
Cahoot Overdraft- [STRIKE]1000[/STRIKE] 970 Debt now : £9365
Credit Card [STRIKE]9000[/STRIKE] 2709
Top Shop Storecard - [STRIKE]150[/STRIKE] 0
Alliance and Leiceste Overdraft - [STRIKE]100[/STRIKE] 0:D
Cahoot Overdraft- [STRIKE]1000[/STRIKE] 970 Debt now : £9365
Credit Card [STRIKE]9000[/STRIKE] 2709
Top Shop Storecard - [STRIKE]150[/STRIKE] 0
Alliance and Leiceste Overdraft - [STRIKE]100[/STRIKE] 0:D
0
Comments
-
Yes you can reclaim but you may not get any money back in your hand. If you are successful it will probably go towards the outstanding balance of the account.0
-
louwilko04 wrote: »Im in IVA which the company I want to claim against is part of. Can I still claim my ppi back even if the company is in the IVA or will they get funny and start requesting to finish the iva early etc? I dont want to send a letter off until I know what the consequences are. Can anyone help?
Lou
Hi Lou
As far as I am aware you can still reclaim, if you were mis sold for any reason then go for it.
You can wait for other opinions on this as well if you want to be sure first, good luck.
Below is the link to guidelines of reclaiming, with useful info, templates and a mis selling checklist, if you require any help, post up where someone will come along to help.;)
http://www.moneysavingexpert.com/reclaim/ppi-loan-insuranceThe one and only "Dizzy Di"0 -
Check the Ts & Cs of your IVA proposal. Any (successful) claim would come to you (not paid off what you owe the creditor) but would be recognised as a "windfall" and you'd have to declare it to your supervisor. The creditor couldn't get your IVA terminated as they'd have to get all creditors to agree. Just let your IP know what you're doing.:AIgnorance can be cured, but stupid is forever!:A
Please note: Nothing that I post constitutes professional financial or legal advice.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards