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Post IVA - bank fees repayment
Hi all
I had an IVA between 2014 and 2017 which was paid off in a full and final settlement as I was made redundant.
At the time, I signed something to say that any PPI I received post IVA would need to be paid into the IVA even though it had been settled.
I had an IVA between 2014 and 2017 which was paid off in a full and final settlement as I was made redundant.
At the time, I signed something to say that any PPI I received post IVA would need to be paid into the IVA even though it had been settled.
I have recently had a letter from my former bank saying they have reviewed my interest charges and I am due a refund. How much I don’t yet know. My question would be do I need to pay this back into my IVA or not?
Thanks
0
Comments
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No, you are only required to pay PPI refunds back to your IP.
This is a refund for charges, so totally different.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter1 -
Thanks I just wanted to check before I started mentally spending it0
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