Claiming in a DMP/IVA (merged)

4ever_hopeful

krisskross wrote: »

Can't answer your question but am full of admiration for the dogged way you have paid off your debts. Well done and I hope it is possible for you to get something back from the banks.

thanks for the encouragement. its been hard work. if you hear of anything similar to my problem and there is a result please let me know

liamksh

I have a current account that is currentlyl "frozen" because I entered in to a debt management programme which was required after a costly divorce. One that resulted in me having full responsiibility for all the jointly accrued debt. This current account is in the overdraft which Iis why I have an agreed arrangement to pay.

Can I still go through the charge reclaim process? If I were to it would easily clear this specific debt?????

Your thoughts are much appreciated.

Liam, lancs

princesskez26

liamksh wrote: »

I have a current account that is currentlyl "frozen" because I entered in to a debt management programme which was required after a costly divorce. One that resulted in me having full responsiibility for all the jointly accrued debt. This current account is in the overdraft which Iis why I have an agreed arrangement to pay.

Can I still go through the charge reclaim process? If I were to it would easily clear this specific debt?????

Your thoughts are much appreciated.

Liam, lancs

Hi,

yes you are still entitled to claim. Any monies reclaimed back will be offset against any outstanding debt. See the thread below which should be of some help to you 'claiming in a dmp/iva'

http://forums.moneysavingexpert.com/showthread.html?t=423917&highlight=claiming+dmp

Good luck with your claim

Kez

doogy_2

Is This Possible, Or Am I Wasting My Time, As My Debtors Will Get All The Money?
I HAVE JUST BEEN OFFERED £2.500 FROM NATWEST, DO I ACCEPT, OR AM I WASTING MY TIME?

Edinburghlass_2

It depends on what your particular IVA company decides, please have a read of the previous posts and in particular the reply that Martin had from CCCS.

Bluebelle72

Can I do it? It is overdrawn by about £1,600 I have changed banks as per CCCS advice as I needed help with debt and Barclays fell into that non-priority debt mark, so I do not actually bank with them anymore. Now I reckon Barclays owe us about £300-£400 in charges and we could do with that extra money what with a new baby coming. But when we win the charges back, how do we stop them from paying it towards the overdraft. we already have an arrangement through CCCS to pay so much each month?

(Land_of)_Maz

Someone will be able to answer officially Bluebell but it's my thinking that anything gained has to offset the debt....

It's not great but think of it as a way of reducing your debt... or maybe CCS will forego a months (2 months) payment in leiu of what they receive if you speak to them, so effectively you will still be better off cash-wise.

hooby_groovy

Any charges reclaimed against that Barclays account will go to offset the debt owed.

Speak to CCCS, but I'm afraid that there isn't a lot they will be able to do.

Be positive though, you will have paid-off roughly 15% of your debt to Barclays

roadrash

Does anyone know if I am able to relcaim my credit card and bank chargs even if I have an IVA?
It would be slightly cheeky I know as these account will eventivley been in the hands of my IP for my IVA, but IS it possbile?

Thanks!

Twinkly

roadrash wrote: »

Does anyone know if I am able to relcaim my credit card and bank chargs even if I have an IVA?
It would be slightly cheeky I know as these account will eventivley been in the hands of my IP for my IVA, but IS it possbile?

Thanks!

Yes it is. Follow the process as usual and the refunds will be put first against any debts you have with them. This thread deals with the subject specifically and you can read of others experiences:
Reclaiming In An IVA/DMP

Good luck