Whilst we're waiting on them mark I'll give you some more info...

They have stated that my parents never declared this PPI account claim , but as this one is over 10 years old account its not been til last year that Clydesdale bank people could claim 21 years back .
They could only claim last 5 in 2009 which the trustee did and got over 8000.

So how can they say they never declared it ??

Tried to call and been told he's out of office and don't know when he will be back !!
How can you play that card it's ridiculous .

My parents struggled all those years because of things like PPI and now people like this are basically robbing .

They have completed there trust deed , even understand that they have debts that can benefit from it but surely the compensation they recieved is for there heart ache and struggles ??

I'm not sure that these types of payment are compensation for heart ache and struggles Cap.

The PPI premiums paid are refunded to put the individual back in the financial position that they were before they were mis-sold.

Interest is added to that sum to compensate for the loss of access to that premium money in the interim.

So there for its compensation ?

They do that because they missold it in the first place and then offer you interest as compensation ? That's exactly what it says in the letters .

So the money they charged for PPI in this occasion is over 20,000 caused there to be struggles and heart ache to my parents . No one can say to me that it's not to compensate this sort of thing . £20000 would changed there lives .

There's no doubt that this type of mis-selling caused plenty of heartache and struggles Cap.

I'm just talking about the very dry financial sense in which claims are calculated:

1 - Putting you back in the position you'd have been if you hadn't paid out for a mis-sold policy.

2 - Providing compensation for your temporary loss of access to the money concerned.

As far as I'm aware there's usually nothing extra paid to folks that were unlucky enough to experience especially dire consequences as a result of having been mis-sold to.

Hey mark ,

We have tried three times to get them on phone (senior bank PPI associate ) and they have been out office and not knowing when will return .

So we're pretty much stuck

Hi Cap,

How have you been getting on with this? I'm interested to find out what has happened

Thanks,

I entered a trust deed in 2005 and was subsequently discharged in December 2008

Recently going through old files, I came across a loan agreement which was paid and settled prior to the trust deed, which had ppi on it. At the time I had a full time job which offered generous sickness benefits and good redundancy terms. Given this I submitted a claim for the ppi to refunded.

I received a letter today saying that they have upheld my claim but they are contacting the trustees, to see if they have a vested interested.

The trustees even sent me a leaflet saying do I wish to claim ppi, think they were trying to gather commission. If however they were doing that to gather commission and get extra funds for creditors, then surely that's immoral and questionable.

Welcome to the forum clelld69.

It's normal for banks to contact the trustee of someone who has previously been insolvent. They're at risk of having to pay out twice if they don't.

This doesn't necessarily mean that your trustee will try to re-open your trust deed. It seems like there's only one or two firms trying to do this at the moment according to what we've read here.

I'd wait to hear what your trustee has to say before reaching any conclusions. They might well be happy for the funds to be paid to you.

asked creditfix once trustee is discharged would you be interested in any ppi I get years down the line
stunned with answer: no as far as we are concerned you have fulfilled your obligations think I banged my head on the floor
anyone else got an answer like this?

I think that's what almost all firms would tell you today.

I have also had a successful PPI claim for a very old loan.
When the bank contacted my ex case manager, they were
Informed that as I was discharged as was my trustee, they
had no further interest in my financial affairs so therefore
any further communication and cheques should forwarded
to me.

Carol

Thanks for sharing that Carol.

I'm guessing, but it seems very likely that only one or two firms are trying to reopen cases to capture assets like this.

Certainly not standard practice around the industry at the current time.