PPI After IVA Completion
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Chrisduder
Posts: 8 Forumite
in IVA & DRO
Hi all,
We have completed our IVA and have our certificate and all debts are cleared.
However, in the case of my wife we received a letter from a catalogue company and it seems back in the late 90’s she was paying PPI to the company. Something we all overlooked.
She has been awarded £6000 which is great news. However, in the letter it states that we are in an IVA and all money will be forwarded to Creditfix although the IVA has been completed for over 5 months. Can they do this to us?
We have completed our IVA and have our certificate and all debts are cleared.
However, in the case of my wife we received a letter from a catalogue company and it seems back in the late 90’s she was paying PPI to the company. Something we all overlooked.
She has been awarded £6000 which is great news. However, in the letter it states that we are in an IVA and all money will be forwarded to Creditfix although the IVA has been completed for over 5 months. Can they do this to us?
0
Comments
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Yes they can, read the terms of the IVA.Mortgage started 2020, aiming to clear it in 2026.0
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Mixed information abounds on this subject, the Green v Wright case was upheld in the High Court, but that decision only applies to IVA`s that used :
"R3 standard terms and conditions".
Your arrangement may have used different terms, companies/banks do not always understand the differance, so you need to get as much information about your arrangement as possible, and, ideally, let a solicitor look it over.
More information here :
https://debtcamel.co.uk/ppi-iva-green-wright/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-letter0 -
Thanks all.0
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