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Scottish Trust Deed Forum
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Topic starter
07/03/2013 9:56 am
Hi, New to the Forum, and wondered if you can help? I paid over last payment to my Trust Deed at the end of 2011. I was then dicharged from my Trust Deed. However, my practitioned has not yet been discharged, and PPI on my Trust Deed debts are being looked into before total discharge. I was contacted a few days ago by a company who sold me a loan via Firstplus finance, back in 2004. This was paid off a long time ago. They want to reclaim my PPI on this loan. I have found out that Firstplus are now owned by Barclays, who are included on my Trust Deed. My question is, if i reclaimed my PPI from them, would Firstplus include it in my current debt to them, and would be paid to Trust Deed, or would it be paid to Trust Deed anyway, even though I was discharged from it in November 2011? Thanks.
07/03/2013 10:08 am
I think any refund would go to creditors in the trust deed as an asset. I would make your trustee aware of this loan so they can chase the ppi. Regardless of when you were discharged your trustee remains in office therefore any ppi claims should be notified to him.
Not great news but it wasnt money you expected to get back anyway so you are no worse off.
Paul
Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.
07/03/2013 10:34 am
Welcome to the forum penniless.
As Paul has said, this money will be due to your trust deed if your trustee has remained in office to look into possible PPI claims.
I wouldn't instruct a private firm to look into this as you could end up seriously out of pocket. I'd suggest informing your trustee so that they can take action to recover it.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
07/03/2013 11:09 am
How would this effect my Husband? Loan from Firstplus was secured (0f course, ad hewas joint borrower. Does this mean that he misses out on PPI reclaim also? Sorry, not trying to be awkward or appear greedy, but all this came about to to my being ill, and it seems unfair that he sould lose out because of me.
07/03/2013 11:16 am
If its a joint loan he would likely be entitled to half any ppi reclaim. I take it he didn't have a trust deed.
Paul
Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.
Topic starter
07/03/2013 11:22 am
No, he was not included in any trust deed, just myself.
07/03/2013 11:44 am
Hi penniless
Any payment for a joint loan would be split as your husband would be entitled to 50%. I would imagine that he would need to sign the forms to investigate this.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
