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10/08/2016 10:13 am
Hello, been a while since I was last on here. I was discharged a couple of years ago and have a very healthy credit score nowadays. My question here is this. Since being discharged I have been contacted by several companies stating that they can reclaim the PPI that was used during my trust deed to pay off my debts. Is this true? Can that PPI be reclaimed? Between my partner and I we had roughly £37k in PPI.....all of which was used in our deeds. I think myself that this is a con but just wanted to ask the professionals if this is true.
I also want to say that there is life after a trust deed and it's nothing to be ashamed of. It can happen to the best of us.
many thanks
10/08/2016 10:21 am
Hi ambertails.
I'm unaware how a company could reclaim PPI that has already been reclaimed.
Presumably they'd be "attacking" the trustee to do so? I've never heard of it happening.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
10/08/2016 10:24 am
I wouldn't think that could happen could it? I can perhaps see an avenue for getting back PPI after trustee discharge where a trust deed was re-opened, but even then we await whether the legal avenues on that have been exhausted.
10/08/2016 11:45 am
Hi ambertails,
It's good to hear that you have a healthy credit score after successfully completing your Trust Deed. For people struggling with debts and considering their options it's always encouraging to hear this from people who have been through the journey themselves.
It sounds to me like the companies are trying to speculate for business. It could be to try and pursue PPI which wasn't ingathered into your Trust Deed. As we have seen with the recent cases regarding PPI and closed Trust Deed's this is a bit more common than people think and can be for substantial sums.
I'm not sure how they could try to ingather PPI that was ingathered into your Trust Deed successfully and used to pay back more of the debt. This is the first time I have heard of this.
It's maybe worthwhile calling the companies to ask for clarification. If you do decide to proceed with one of them then make sure that you understand their fees and what you may be liable to pay. You don't want to pay them any upfront fees or be liable for any costs i.e. a no win no fee basis.
Let us know how you get on.
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