Debt management and ppi

Pedngirl

I was in debt a number of years ago and entered into a debt management plan. I cleared all my debt over five years ago. I have now put in for claims on PPI as I believe I was mid -sold. Capital one have sent me a final descision staying that they cannot uphold my claim but there is a balance £122.00 to redress. They have said that they are sending a cheque to the insolvency partners, is this right? Even though I have discharged all of my debt?

Bermonia

That is correct yes... the practitioner will allocate the funds accordingly.

Nasqueron

Plevin payment by sounds of it. Yes if you didn't pay back what you borrowed ( e.g. reduced settlement, interest freeze etc) then they can offset the refund against the unpaid sum. If the insolvency practitioner pays off all your debt they should send you any excess