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Scottish Trust Deed Forum
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Topic starter
02/03/2013 3:43 pm
Hi everyone
I made a complaint to a company for missold PPI. They upheld my complaint and agreed to me an offer, but they say that it will be deducted from outstanding arrears.
I was discharged from TD in Oct 2008, surely they I am entitled to this money...
Can anyone help??
Thanks
02/03/2013 3:59 pm
Hi garymcc.
We cannot give you legal advice on entitlement.
A number of lenders/PPI sellers are adopting the same position.
You could take legal advice or escalate this to the Financial Ombudsman if you wish.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
02/03/2013 4:10 pm
Thanks for your reply TDA. I had 3 accounts with this company and one of the accounts was closed before I entered TD and they are still using PPI claim to pay towards debts... Doesn't seem right.
I will contact FOS.
Thanks
03/03/2013 10:12 am
Hi garymcc
I wonder if the accounts are with RBS as they seem to be offsetting payments against balances. Its a bit of a hot topic at the moment and hopefully it will be resolved soon.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
03/03/2013 1:19 pm
It will only be resolved surely after someone goes to court over it. Cant see companies paying out unless a test case comes about,even for people who have been discharged for a long while.
Paul
Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.
03/03/2013 2:06 pm
Hi. If you have a balance on a secured loan whilst in a PTD and you get awarded a PPI claim & they offset against the balance....do you still have to pay monies back to your trustee?
xxx
03/03/2013 2:20 pm
You wont have got any money though if they offset it against the remaining balance,so you wouldnt have any extra to pay to trustee?! If I have understood you correctly that is.
Paul
Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.
