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Buisiness loan ppi / iva

max174
max174 Posts: 6 Forumite
in Reclaim PPI & other insurance
Hi i would like some advice.
My husband has ppi from a business loan taken out in 2001, the loan was cleared in full, but now he is on iva would he still be able to keep the funds. As a business loan is not considered part of the iva programme...

Comments

  • -taff
    -taff Posts: 15,576 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    If it's a business loan, it will be payable to the business?
    Non me fac calcitrare tuum culi
  • brettcta
    brettcta Posts: 4,693 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    it's unlikely that a business loan would've had a PPI policy attached (certainly in my own professional experience, anyway)
    helpful tips
    it's spelt d-e-f-i-n-i-t-e-l-y
    there - 'in or at that place'
    their - 'owned by them'
    they're - 'they are'
    it's bought not brought (i just bought my chicken a suit from that new shop for £6.34)
  • max174
    max174 Posts: 6 Forumite
    edited 1 October 2018 at 9:53PM
    The small business loan definitely had PPI, confirmed by HSBC, recently.
  • DCFC79
    DCFC79 Posts: 40,644 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    max174 wrote: »
    The small business loan definitely had PPI, confirmed by HSBC, recently.


    Is that in writing ?
  • max174
    max174 Posts: 6 Forumite
    Yes it is in writing
  • sorryitsme
    sorryitsme Posts: 448 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    I had a business loan with Barclays that had PPI in 2007. I complained in 2011 when the business had desolved and the refund was sent to my personal account and I did a self assessment to pay tax on it.
    Mortgage Feb 2015 £178,500 END 2043!!


    MFW 2015 £100 /£1000

    Watch this space, my MF end date will tumble!!
This discussion has been closed.
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