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PPi pay out

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(@gallows88)
Eminent Member
Joined: 12 years ago
Posts: 24
Topic starter  

I have 2 years left on my TD and have recently recevied a minumal payment from a PPi claim should I pay this to the my TDA to speed up my discharge time at the end of the deed


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

Hi Gallows88.

Let your trustee know and they'll advise you.

I'd imagine they'll ask you to pay the money over.

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


   
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David Tannock
(@david-tannock)
Famed Member
Joined: 12 years ago
Posts: 2581
 

Hi Gallows88,

I'd give your Trustee a call to advise them about the payout. The likelihood is that the funds will need to be paid into your Trust Deed.

Your Trustee may be investigating PPI and you may receive further cheques in the post as the banks will send them directly to you. If you do, just forward these to your Trustee. The last thing you would want is to delay your discharge at the end.

David is not currently posting in the Trust-Deed.co.uk forum


   
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