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After trust deed... PPI WELCOME>>>PLEASE PLEASE HELP

Jenna150386
Jenna150386 Posts: 21 Forumite
in Loans
Hello...

I need help please.

I was in a trustdeed and was discharged in december. Included in my trust deed was a welcome loan. I took the loan over 3 years and paid for 1 then things got out of hand and i had to enter a trust deed.

I recieved a letter from welcome asking me to claim back my ppi in december.

I filled in the form and sent it away. Today i recieved a letter saying I was due 1400 back in compensation however they were ofsetting the money against my outstanding balance.

Since i was formally and legally discharged on the 5th of December then my debt with welcome was closed as of the 5th of december. so why in Febuary can they offset my claim money against a debt thats closed???

Please help..

After 3 long years in a trustdeed and dealing with this horrible company im i able to fight for my money.

Thanks

Comments

  • geoffky
    geoffky Posts: 6,835 Forumite
    Did you pay them in full..Everything you borrowed was paid back?
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
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