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Scottish Trust Deed Forum
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Topic starter
16/07/2014 6:25 pm
Sitting at my desk at work today and got a message from the company who dealt with my Trust Deed to give them a call ASAP..... So in a panic I phoned them to be told that I had completed and discharged from my Trust Deed in May 2013 which obviously I was totally aware of..... I was then told that one of my creditors had just sent in a cheque for over £3K in PPI to them, and as I had been discharged I was entitled to the money, minus any commission.....[:D]
So to say am well chuffed is a complete understatement, once again thanks Mark........
16/07/2014 7:01 pm
That's brilliant Porcupine.
What will you do with the cash?
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
16/07/2014 8:21 pm
No plans yet, just put it in the bank..... Luckily since being discharged I've been able to build up some savings, so no urgent need to spend anything......
16/07/2014 8:50 pm
That's fantastic news
Minus commission for doing what though!!!
Topic starter
16/07/2014 10:10 pm
I personally never applied for PPI refund, it was done by my Trustee.... So not for one second did I ever expect to get a penny back in PPI compensation...... So I for one ain't gonna quibble over paying commission for something I never expected..... Am just happy to receive something back !!
16/07/2014 11:42 pm
Hi porcupine
People tend to panic over the calls thinking something's wrong, so it's always good to give some good news for a change.
We have a company who deal with our PPI and we try our hardest to tie things up as close to the end of the trust deed as possible. Sometimes payments come after the discharge, so it's always a nice wee surprise.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
16/07/2014 11:55 pm
That's great news for you porcupine. Even better news that you've been saving and can tuck it away for now.
This subject confuses me though. Why do some people get to keep it and others don't? My trustee is still in office, pending PPI claims, there are none, because any that I took I agreed to willingly. I thought the idea of staying in office was that the creditors would get any payment. Very conflicting information on here regarding this.
Saabrina
17/07/2014 6:25 am
Hi saabrina
It all hinges on the discharge of the trustee. We always try and take a balanced view on these things and didn't think keeping a trust deed live for another year to year and a half on the basis that one PPI claim may or may not payout and if it did may be offset was valid enough reason to keep the case open. In any event, the additional fees and costs in extending the time by a year or 2 would have outweighed any benefit.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
17/07/2014 7:21 am
Do you ever sleep Mark ?
17/07/2014 10:40 am
No, was a weird one though. Up at 5am and couldn't get back to sleep.
Must be all the excitement of the Commonwealth Games!!!
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
06/07/2017 7:08 pm
Been lurking for a while...... But got some very pleasant news today almost 4 years to the day I received this bit of good news..... I was refused my PPI claim from Clydesdale Bank in 2012, which I accepted.... I was then contacted by Clydesdale Bank in May this year advising me that due to them losing a court case they were reviewing some of their PPI claims including mine, I didn't give it much thought to be honest only to come home today to a letter offering me a fairly healthy PPI payment, so a very pleasant surprise again......
Have to say after my PTD finished in 2013 I have managed to stay debt free and build up some decent savings plus life a darn good life... So you folks out there. like me seven years ago be positive there is a daylight ahead and a good future.... The pain was worth it in my case, all the best.....
07/07/2017 8:23 am
That's absolutely brilliant Porcupine.
It's great to hear from you again, and to hear that things are going so well for you.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
07/07/2017 8:59 am
A blast from the past! Glad to hear things are going well for you, Porcupine.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
07/07/2017 2:13 pm
That’s fantastic porcupine! Enjoy the funds. I’m sure they will come in handy.
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