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Topic starter
14/10/2013 9:12 am
Just a grumble, not really looking for advice.
I've gone from being quite philosophical about my PPI offer, to slightly on the aggrieved side.
I've been offered full PPI redress, which will go to set off my unpaid debt to RBS (from a discharged trust deed). Which is fine, and I think is absolutely right. Except....
It will totally clear my debt to RBS, as the redress is more than the amount I owed them (I was ten payments away from clearing my loan with them when I had to enter the trust deed as I was pregnant and went from well paid contract work to be unemployable almost overnight...).
I'm fine with it clearing my debt to them, but it means that had it happened prior to the trust deed, that debt wouldn't have been in a trust deed, so that's an extra blight on my credit record for no reason.
SO I've gone from being quite relaxed about the whole thing, to hoping someone takes them on legally with the set off practice!
Topic starter
14/10/2013 9:16 am
AND.....is it just me, or do some bank staff take on a slightly supercilious tone when you say you've been in any form of insolvency - as if they find you slightly distasteful....
I thought I was doing the responsible thing when I took on my trust deed, to stop it all spiralling out of control, but I do feel like something of a pariah sometimes!
There, Monday morning grumbles over.
14/10/2013 2:11 pm
Hi tanyadm.
Would you still have had to consider a trust deed if this debt hadn't existed at the time that you started one?
If so I'm not sure there will have been any significant change in the ramifications for your credit record whether or not this debt had to be included.
You mention that the debt will be more than fully repaid. Have you asked RBS what will happen with the surplus?
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
14/10/2013 7:09 pm
It probably wouldn't have made masses of difference, although RBS were about a fifth of my trust deed debt.
RBS say the surplus will come in a cheque to me once the debts are settled. It's a small amount, I think, but I'm unclear on how much.
16/10/2013 9:52 am
Am I the only person in the world that wasnt sold ppi??
I agree that many people wouldnt have needed a trust deed had ppi not been mis-sold and woukd advise anyone struggling with minimum payments to struggle on while chasing up ppi. Any payouts may get you back on track without the need for firmal insolvency. Clearly if you are behind with payments and are getting interest and charges lumped on then dont waste time seeking help.
Paul
Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.
Topic starter
16/10/2013 11:31 am
I agree. If I had known in the summer of 2009 that it was possible to reclaim PPI, then these funds would have prevented me going into a trust deed in that I would have had a financial buffer while I was unemployed for three months. Hey ho, older and wiser and discharged, so time to move on, take whatever crumbs RBS throw at me and be happy!
