It is exactly because it was before the Trust Deed that they had the right to claim any redress due. By signing a Trust Deed, any assets you own are conveyed to the Trustee, this includes the right to make claims for sums due to you.

Did the additional PPI money mean that all of your creditors were paid in full together with statutory interest? if not them creditors will still have required to write off a proportion of the debt owed by you.

Hi skintagain.

To look at this another way, this is really no different to equity in a home.

Mortgage payments long before a trust deed began, and/or appreciation in property values long before a trust deed began, could create equity in a home. The trustee is still going to have an interest in that equity.

What's relevant here is that an asset exists at the point of signing a trust deed. Potential PPI claims are such an asset.

it would have probably covered debt but just glad im out of trust deed now and can move on thanks for replies

Hi skintagain.

I can understand any frustration that you might feel if mis-sold PPI left you in such a difficult financial position in the first instance.

However, and as you say, you have at least been able to move forwards now.

thank you for all replies