Welcome to the trust deed forum marcy.

There is actually nothing to stop you from making PPI claims.

We have forum members that have received PPI payments after they have been discharged.

The subject of default notices is important for your credit rating, but need not stop you from getting on with PPI claims if that is what you want to do. There is some guidance about dealing with default notices at:

https://www.trust-deed.co.uk/repair-your-credit-rating.html

Your friend that has received a PPI payment during her trust deed really must tell her trustee. Failing to do so could cause her many problems.

Your friend that has kept a couple of credit cards with zero balances for emergencies hasn't done anything wrong. Being in a trust deed actually doesn't stop you from taking on further debts.

Of course, taking on further debts during a trust deed will almost certainly not be a sensible thing to do. No provision will be made to assist in making repayments, so new debts may quickly become impossible to repay (or make the trust deed or another important financial commitment impossible to repay).

Hi marcy

If both you and the Trustee are discharged then there is no barrier to you trying to reclaim PPI.

You are correct that the cheque for the person in the Trust Deed needs to go to the Trustee. If your friend has a card with no balance then this is not included in the Trust Deed. If she is allowed to keep this and uses it, then she will be liable to repay this. However there shouyld be no issue with this in terms of the Trust Deed itself.

Mark

Hi Marcy,

I was discharged and my trustee discharged in 2010, I have succesfully reclaimed PPI from a couple of loans before my TD and from one loan that formed part of my TD (they paid oback the PPI I had paid plus interest before entering TD). This was all one company and they paid the redress direct to myself. I have started another couple of PPI claims and am waiting to hear, it takes a long time to get a response. Worth noting that you can reclaim credit card charges also, I succesfully claimed back charges for a card I had before my TD and am in the process of claiming back charges for a card that formed part of my TD. It is well worth looking into and the MSE guide to reclaiming is very good. Be prepared to fight, I had a couple of knock backs which were just standard letters that did not address my points of mis-sell at all, I have gone back to them and am waiting to hear.

Hi blacklily.

I just wanted to say how useful it is that you've been prepared to share your experience of getting your credit rating back on track and dealing with PPI claims after your trust deed.

I'm sure a lot of members and readers will be very appreciative.

Thanks TDA, I am happy to share my experiences. I have been out of my TD for 3 years now (everything due to drop of credit report now, yay) and there is life after a TD.