Hi
I recently put in PPI claim to clydesdale bank who i have been a customer since 1986. I started to take out loans around 1991, i today received a letter from them to say that on 4 of my loans i am entitled to a total of £4478.80. However, they contacted my ex trustee who have shown an interest in this money. I was discharged from my trust deed in 2009 and completed everything that was requested. I have called the trustees and was told that i would not be getting any of this money and it is not unfair as it is my fault i did not pay my creditors. Since then i have been doing some research and investigations. The loans i am due compensation for were paid in full before entering in trust deed, yes clydesdale bank was one of the companies who i still owed money to when entering trust deed.
I do have my letter discharging me and as far i was aware that was everything completed i was never aware that they could just get any additional money. So is my trust deed completed and closed or not ? if it is do they not need to apply to the court to re-open this
I find this very very distressing as i hit hardship and had to get a trust deed a i had cancer and was the only wage earner with an 18 month old baby at the time.
Can anyone please advise what i should do next.
Welcome to the forum Julie.
As you may have seen on a number of recent forum threads here, it's clear that at least one trustee has taken a position that they can get themselves reappointed to a trust deed in order to capture a PPI claim payment.
We've written what we know about it here:
Link updated 2020: https://www.trust-deed.co.uk/rbs-and-ppi-claims-after-trust-deeds.html
It appears from a post here by Pascal12 around 7pm last night that his/her trustee has been successful in persuading the court to enable his reappointment for this purpose.