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PPI Offer - Can they offset it against another loan
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wagner16
Posts: 2 Newbie
Hello,
I'm looking for some guidance/information.
I've recently received an offer from RBS for misselling PPI in loan many many years go. I have accepted their offer so hope to receive the amount with 28 days as suggested.
My question is, I still bank with RBS and have another loan which I am up to date on and never miss a payment, however can they use the money offered to pay off part of my current loan without my agreement?
Any help would be great.
Thanks
I'm looking for some guidance/information.
I've recently received an offer from RBS for misselling PPI in loan many many years go. I have accepted their offer so hope to receive the amount with 28 days as suggested.
My question is, I still bank with RBS and have another loan which I am up to date on and never miss a payment, however can they use the money offered to pay off part of my current loan without my agreement?
Any help would be great.
Thanks
0
Comments
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If the other loan has never defaulted and you are up to date on payments, you have nothing to worry about, the money will go to you.Competition wins:
2010 - approx £450. 2011 - approx £800. 2012 - approx £300. 2013 - nothing so far!0
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