nat west credit card debt

booty1

I have a nat west credit card debt ,which I am trying to pay off via debt management plan . is it worth while to look in to ppi claim or to help with reducing the amount owed or would this cause NatWest whom have placed this debt with there debt management people????????.I have been on this debt plan for 3years but the card debt principle is not lowering because the amount of interist charged bearley covers the amount paid to debt .i have had a credit card since i opened my account in 1993/94 how far does this ppi go back to

thebritishbloke

Can't hurt to phone up and ask.

Tixy

Are you still paying PPI on the card? If so then I would start by cancelling it.

If you paid PPI on the card and have a case for it being missold then you could try reclaiming it. Being on a reduced repayment plan/having defaulted on a debt doesn't mean you cannot put in a claim.

Presumably you wrote to natwest to ask them to consider freezing interest when you started making reduced payments? Have you tried writing to them recently to ask them to reconsider their decision not to freeze interest? If not it is definitely worth a shot (national debtline website has a sample letter you can use).

bobobins

My wife had a similar problem with Natwest. She simply called them about PPI and they sent out a form to fill in which she did. Two weeks later she got 3K back for missold PPI which went straight off the debt. Couldn't have been simpler.