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Originally posted by kdyguy
[br]Just wondering if there has been any change to RBS stance? I have still received no correspondence from them since last year.

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RBS wrote to me stating they have allocated all PPI monies to the old debt and that they are not willing to send any more correspondence and have closed the case. They sent me a cheque for what was left (which was not much!)
I have since written to the Financial Ombudsman, who are currently looking through my case

I have received the same response sent to my MP, and been advised to seek legal advice, which I have done.
I feel others should do the same. It may be an idea if we can get a Law firm to take this on behalf of all.
I feel the ruling has been flouted, and only the parts that they like are being used in their argument, ignoring all the other more lengthy parts of the ruling that apply to our complaints.
I feel they cannot keep your compensation, which you are objecting to them having, without going to Court.

From my own perspective, though not a lawyer, they cannot off set any monies due by their own argument, without reduction of the discharged Trust Deed. That is the way I am reading the last ruling.
ALL of the compensation is not theirs to keep if they are saying it is owed in the Trust Deed. It must be shared with any other creditors in the Trust Deed. The only way they can have the Trust Deed reduced is through the Courts, and the last ruling stated it would have 'cogent reasons' to refuse the reduction as it would be 'unduly harsh and inconvenient' on the debtor to reopen a discharged Trust Deed after so many years placing the debtor back into insolvency.
I'm certainly not giving up.
I feel I would not have needed to go into a Trust Deed if they had not taken so much from me in mis-sold PPI.
If they put me back into a position I would have been in before they took the PPI, I could have paid my creditors in full.