Hi I was in a trust deed from 2012 to 2016 and am now out off it [yeha]. Knightsbridge claimed PPI money and used it for Trust Deed, am i due any money as i was still making original payments, it was about £15,000 which i didn't know about and would not have went into Trust Deed in first place if i had this money as it would have helped with my debt .

Hi lee and welcome.

It doesn’t really matter whether PPI was connected to a mortgage rather than any other type of credit agreement.

Was RBS a creditor in your trust deed? Will they have written-off any money owed to them?

Was RBS a creditor in your trust deed? Will they have written-off any money owed to them?

Yes they were and yes they did.

my point is if they are going down the route of trying to offset the PPi Against a loan we had prior to he trust deed, as you are aware the mortgage in most cases is allowed to carry on therefore If i had been missold PPI on a mortgage surely i should have it all back? as we never went into arrears and paid it off in full,
if not more due to the equity we had to pay before leaving the trust deed.

Hi lee.

I can only go back to my previous point about the type of product PPI is attached to being irrelevant.

My guess is that RBS will offset any payment against funds they previously wrote off.

In the longer-term it may be legally determined that they cannot do this. Or it may be legally confirmed that their position has been correct.

hi again correct me if i'm wrong,

A trust deed is a formal debt solution which enables you to make affordable monthly repayments towards your debts for a set period of time, typically four years. After this time is up, so long as you have kept up with the agreed monthly payments, any outstanding debts which were included in the trust deed will be written off.

How can RBS say that they will offset monies owed against a debit that has been written off?

Everything we know is in this article lee:

https://www.trust-deed.co.uk/rbs-and-ppi-claims-after-trust-deeds.html

Ok thank you