Contact your chosen TD firm now and get them to appoint someone to claim this back,although it will go into the TD pot for the benefit of creditors.

If you leave it until the end of the TD it will delay your discharge,and if you try to claim it post TD you may find the company you appoint will end up billing you as creditors will try to offset the ppi against any debt that was written off,leaving you to foot the bill.

Paul

ok so in manyways i should just leave it well alone as i just want out of this

also can you help, im wondering how long it will take me to build my credit rating up again as im paying a morgage every month, after im free ofcoarse

Any mis sold ppi reclaimed could increase the return to creditors and some trust deed firms are pushing for clients to chase up ppi.

As for your credit rating,the trust deed and any defaults will remain on file for 6 years from the date the trust deed became protected so your file is trashed at least until that point but things like being on the electoral roll and having a contract mobile all help paint a better picture.

Paul

Hi royalalfa10.

As plasticdaft says there are some significant challenges connected to PPI claims and trust deeds.

During a trust deed any payout will need to go into your trust deed. However, you may still consider this to be worthwhile as at least those lenders that behaved poorly will not benefit from this as they previously stood to, and lenders that did not behave poorly in terms of PPI sales will stand to get a higher dividend.

After a trust deed there are risks that lenders will go to considerable lengths not to make a payout to you. Understandable perhaps if they have just written off a large chunk of what was owed to them.

Nobody will be able to tell you how long it will take to rebuild your credit rating and access to credit. It depends on your circumstances and what you do to work on your credit record. There are some ideas about this at the following page:

http://www.trust-deed.co.uk/lifeafteratrustdeed.php

Having a mortgage that is paid on time every month will be helpful. As Paul says other things like a mobile phone contract that is paid on-time every month might also be helpful.

Six years after the start of the trust deed it should no longer be apparent on your credit file and default notices should also go away. If you have used the time after the trust deed finished to create a positive record of credit usage things might return pretty much to "normal" at that point.