Iva complete 4 year ago, PPI now given to IVA company

Memphis3

Help needed please


I had an Iva from 2011 and completed in 2015. My original debt was £12,400, and the IVA company asked me to check for PPI which was claimed back and they received this in 2015. The total amount paid to the IVA company from myself and the PPI was a total of £15,136. I received my completion certificate Feb 2015.


Friday last week (08th Nov 2019) I received a letter to say that I was owed £3200 of PPI from a loan I had in 2003 (never part of the IVA), in the letter it states that this will be paid to the IVA Company. Surely this cant be right??? this means that they will have a total of around £18k.


I have called the IVA company (McCambridge and Duffy) and they said its depends what is in the contract, I have asked for a copy of my T&C and each time I call to speak to someone they either going to get the manager to ring or contact me.....2 days later and still waiting.

sourcrates

Put your query in writing to your IP.
It depends on the type of IVA you had, (see green v Wright appeal court ruling).
If the arrangement was an “all assets” arrangement, then they can claim the money “in perpetuity” or until the IP says they no longer have any interest in your assets, as the court set no time limit.