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23/09/2013 7:59 pm
hi i was in a protected trust deed a few years back which has since finished , i recently tried claiming back ppi from rbs and after the financial services ombudsmen upheld my complaint the rbs paid the refund to a credit card that i assumed would have been cancelled when my trust deed was discharged, do i have any recourse to claim the money that was giving by the bank and if so any advice on my next move would be appreciated.
23/09/2013 9:48 pm
Hi grahamslife and welcome.
RBS have adopted a position that they can set-off PPI claims against old debts that were included in protected trust deeds.
We haven't heard that this position has been tested legally.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
27/09/2013 8:01 pm
Are RBS doing this in all cases, to your knowledge?
I was discharged from my trust deed in July, and at the same time my husband had a successful PPI redress from Barclays. I hadn't even thought about trying previously.
I applied in August and they say they will send a decision by 10 October.
Obviously, I see how they have a legal and moral right to retain money that I haven't repaid, but it would be nice to get some! I only owed 10 more months of my loan to RBS, so it's possible there might be a dot left over anyway.
28/09/2013 8:52 am
Hello tanyadm.
I wish I could tell you otherwise, but I think it's hugely unlikely you'll get any PPI money from RBS I'm afraid.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
28/09/2013 10:06 am
Thanks TDA,
that's what I figured, to be honest. I have read that they give the statutory interest back, but will just have to wait and see!
Will update when I have an answer.
Tanya
