PPI CLAIMS AFTER TD
 
Notifications
Clear all

PPI CLAIMS AFTER TD

5 Posts
3 Users
0 Reactions
1,276 Views
(@wikikee)
Estimable Member
Joined: 15 years ago
Posts: 172
Topic starter  

A friend of mine who set up a TD shortly after mine with the same firm and not half as many issues....has been discharged - long before mine which I'm still waiting on 18 months after paying last payment I could go on lol anyway she has now had a letter from one of her creditors advising that she may have a PPI refund claim. I've said I think anything she got would have to go to Trustees, but she says no it doesn't as she and her Trustees have been fully discharged. If she simply doesn't tell them could they find out, or have they enough to deal with and wouldn't go looking.....


   
Quote
(@plasticdaft)
Noble Member
Joined: 16 years ago
Posts: 1594
 

Chances are if its a creditor that was included in the td they will offset any ppi claim against what they wrote off.

Paul

Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.


   
ReplyQuote
(@wikikee)
Estimable Member
Joined: 15 years ago
Posts: 172
Topic starter  

I never thought of that cheers.


   
ReplyQuote
TDA (Debt Adviser)
(@tda-debt-adviser)
Illustrious Member
Joined: 16 years ago
Posts: 13594
 

Hi WIKIKEE.

If the individual and the trustee are discharged then an actual PPI payment will go to the individual.

As Paul has pointed out, the lender may feel that they have the right not to make the payment.

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds


   
ReplyQuote
(@plasticdaft)
Noble Member
Joined: 16 years ago
Posts: 1594
 

And to add as yet nobody has challenged this in the courts so its debatable as to how legal this offsetting may or may not be.

Paul

Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.


   
ReplyQuote
Share: