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Scottish Trust Deed Forum
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Topic starter
22/09/2012 11:32 pm
What would happen if ppi is claimed by trustee and is more than your total debt + contribution? Who sees the remainder?
23/09/2012 12:03 am
Hi Scallywag.
The most you have to pay is:
1 - the debts.
2 - interest on the debts.
3 - the trust deed fees.
Any sum in excess of that would go back to you.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
23/09/2012 5:11 pm
As TDA says, once the debt, interest and trustee"s fees are paid, any surplus should be returned to you. Good for you, it doesn't happen very often!!
Shona is not currently posting in the Trust-Deed.co.uk forum.
23/09/2012 9:02 pm
Dear all , when you are granted a protected deed does that not mean interest can not be charged on debts. Moreover, if its found that you paid over than above. would you not be able to claim the surplus , plus 8% interest which seems to be the norm in PPI claims.
23/09/2012 10:23 pm
Hi pinalta.
The principle is that a trust deed writes off what you cannot afford to repay.
If circumstances take a turn for the better it doesn't seem unfair that creditors receive interest (as originally agreed) on the debts?
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
