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Ppi

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(@jimmybee)
Trusted Member
Joined: 13 years ago
Posts: 71
Topic starter  

Got through this morning,a ppi that I didn't know I had,the company has offered me a sum,they were part of my trust deed,but there is no mention of this on the letter they sent me,can I accept their offer,or will they take money back.
I was discharged march 2013.So don't see a problem but you just never know.
Any info appreciated.


   
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Mark McFadyen
(@mark-mcfadyen)
Famed Member
Joined: 16 years ago
Posts: 4798
 

Hi jimmybee

You will need to check if the trustee has been discharged. If not, the payment should go to the Trustee. If they have been discharged, then it's yours.

Mark

Mark is not posting regularly in the Trust-deed.co.uk forum.


   
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(@jimmybee)
Trusted Member
Joined: 13 years ago
Posts: 71
Topic starter  

Cheers mark the trustee has been discharged,so good news for me then.


   
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TDA (Debt Adviser)
(@tda-debt-adviser)
Illustrious Member
Joined: 16 years ago
Posts: 13594
 

Hopefully jimmybee, but they may believe that they can retain the funds if you've been in a protected trust deed.

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds


   
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(@jimmybee)
Trusted Member
Joined: 13 years ago
Posts: 71
Topic starter  

Seems a difference of opinion,so I take it then that there is no concrete rule on this,and you are at the mercy of the company,which is a bit unfair,when you have paid back what you could over the past 3 years,and in fact the debt would not have been as much,if they had not added the ppi in the first place.
My wife was sequestrated,so not trust deed,does that affect her share differently?
Thanks again for your responses.


   
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TDA (Debt Adviser)
(@tda-debt-adviser)
Illustrious Member
Joined: 16 years ago
Posts: 13594
 

No difference of opinion jimmybee.

Mark and I are both saying that you'll get the money if its paid.

I'm just saying that some companies have formed a view that they don't need to pay PPI claims to those that have benefitted from some of their debts being written off as part of a trust deed. This to do with the seller of the PPI policy, nothing to do with your ex-trustee.

I'd imagine the same logic would apply to sequestration.

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds


   
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Mark McFadyen
(@mark-mcfadyen)
Famed Member
Joined: 16 years ago
Posts: 4798
 

Prpbably best to complete the acceptance and see what happens.

I think the fact that they sent you the form is probably good news in itself.

Mark

Mark is not posting regularly in the Trust-deed.co.uk forum.


   
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