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Scottish Trust Deed Forum
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Topic starter
29/03/2018 3:44 pm
Having read some of the posts on here, it would appear that PPI checks are done by the Trustee at the onset of the TD and also before paying creditors at the end of the TD.
If this is the case, why is this done? And do the checks cover every loan, credit card and bank account that have ever been opened by the client?
29/03/2018 5:54 pm
Hi wr2406.
PPI has been a moving target as the banks have been forced by their regulators to deal with claims that they had previously refused.
The trustee is looking to raise money for the creditors from assets. A potential PPI claim is an asset. They're not just interested in accounts that happen to be in a trust deed, they're looking at accounts/assets in general in case the potential for a PPI claim exists.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
29/03/2018 6:07 pm
Thanks TDA
So my trustee did checks right at the beginning so I assume they will repeat the checks at the end?
29/03/2018 11:36 pm
I don’t know wr2406.
Probably an issue that different firms address differently I’d imagine.
I’m sure they’d tell you if you asked.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
03/04/2018 11:13 am
Some people on here will have experienced PPI checks at the end (usually older cases) and others at the start, but I doubt it is usual to do it at both ends.
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