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Wildchild
Advanced Contributor

164 Posts

Posted - 31 October 2018 :  18:08:44  Show Profile
Wow can they really do this
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TDA (Debt Adviser)
Trust Deed Expert



12961 Posts

Posted - 31 October 2018 :  18:11:52  Show Profile
We don't know if they can do this Wildchild. It remains legally contentious.

What we hear though is that RBS and NRAM are doing this.

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds    
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Wildchild
Advanced Contributor

164 Posts

Posted - 31 October 2018 :  19:04:54  Show Profile
Here’s hoping when my former trustee returns the cheque they don’t decide to keep it
Thought it be all over today. Now seems Bamks might be starting to play up
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head-just-above-water
Advanced Contributor

54 Posts

Posted - 31 October 2018 :  19:05:03  Show Profile
I have to agree RBS always try to set-off. I started off not having PPI according to them, (they even said the same to my trustee) to having 4 policies with PPI now 9 policies and 2 credit cards. Over 20K and counting. Only 1 of the accounts was in the trust deed the rest where fully paid off. RBS kept putting me off with letters like contacting your ex trustee to make sure they are not interested. Luckily it was W&B so they where fine. Then asked for more time to 23rd Oct so I started phoning them only to get told today that they will send new letters asking me to accept set-off. I told them "no chance". So its off to FCA or FOS as there has been court cases where RBS have lost as the Final dividend payment is a full and final settlement, which as far as I can see means there is debt to offset against.

I might start a new thread on the battle ahead.

HJAW.
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Wildchild
Advanced Contributor

164 Posts

Posted - 31 October 2018 :  19:32:00  Show Profile
Good point actually no debt to offset especially after today’s ruling
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TDA (Debt Adviser)
Trust Deed Expert



12961 Posts

Posted - 31 October 2018 :  19:57:16  Show Profile
A couple of links explaining the set-off argument and how this connects to today’s judgment:

https://www.trust-deed.co.uk/news/rbsandppiclaimsaftertrustdeeds.php

https://www.morisonsllp.com/debtor-keeps-ppi-cash-after-discharge-from-trust-deed/

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds    
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Luke4630
Advanced Contributor

54 Posts

Posted - 01 November 2018 :  07:17:40  Show Profile
Quick question will rbs or other banks have to pay offset ppi money back to claimant

Colin luke
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sophie
Frequent Contributor

28 Posts

Posted - 01 November 2018 :  08:54:55  Show Profile
Hi, I called Clear debt yesterday as a PPI claim for £2000.00 was sent to Mond in March and he cashed it in May. I was informed Clear Debt had been taken over by another company 4 months ago. Sorry did not take there name down. I take it with the ruling yesterday Mond should be sending the payment to me as both parties have been discharged 10 years ago.
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tinsoldier
Advanced Contributor

733 Posts

Posted - 01 November 2018 :  09:00:07  Show Profile
Sophie - he had no right to cash the cheque. And yes the monies should come to you.
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Turbobhoy
Advanced Contributor

86 Posts

Posted - 01 November 2018 :  09:16:45  Show Profile
quote:
[i]Originally posted by sophie[/i]
[br]Hi, I called Clear debt yesterday as a PPI claim for £2000.00 was sent to Mond in March and he cashed it in May. I was informed Clear Debt had been taken over by another company 4 months ago. Sorry did not take there name down. I take it with the ruling yesterday Mond should be sending the payment to me as both parties have been discharged 10 years ago.


Hi Sophie I found out yesterday that hodgsons chartered accountants are dealing with previous ppi you can get them on01619692023
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Gleith
Advanced Contributor

259 Posts

Posted - 01 November 2018 :  09:22:38  Show Profile
Does anyone know how we go about getting our money or do we just wait ?
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sophie
Frequent Contributor

28 Posts

Posted - 01 November 2018 :  09:56:18  Show Profile
Hi Turbobhoy, Thanks for this but does anyone know how to get the money that is owed to you?
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Turbobhoy
Advanced Contributor

86 Posts

Posted - 01 November 2018 :  09:57:06  Show Profile
quote:
[i]Originally posted by Gleith[/i]
[br]Does anyone know how we go about getting our money or do we just wait ?


I would think that all trustees that are holding cheques/money should be contacting debtors to give them what lawfully belongs to them Asap
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tinsoldier
Advanced Contributor

733 Posts

Posted - 01 November 2018 :  10:10:57  Show Profile
The narrative since trustees started to try and reopen deeds has been "Let's see what happens legally". Now we know and we have clarity.

Simple as. Monies should be paid out.
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Turbobhoy
Advanced Contributor

86 Posts

Posted - 01 November 2018 :  13:13:35  Show Profile
quote:
[i]Originally posted by sophie[/i]
[br]Hi Turbobhoy, Thanks for this but does anyone know how to get the money that is owed to you?


If mond is holding ur money u need to get in contact with hodgsons I've been on the phone again this morning to them according to them they are sorting out what has been paid in to the trust and who paid what as for mr mond they said he was out of the country at the moment
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