nat west

Cosworth12

Can a bank use ppi claim money to offset the debt is fifteen yrs old ibelive to be statite barred I havent heard anything off them for about ten yrs any info regards

[Deleted User]

If you complain about PPI on a debt which remains unpaid then the Bank can indeed offset any redress (should it be awarded).

Setting off rules here;
http://www.moneysavingexpert.com/banking/setting-off

I'd be inclined to let sleeping dogs lie if I were you.

antrobus

Cosworth12 wrote: »

Can a bank use ppi claim money to offset the debt is fifteen yrs old ibelive to be statite barred I havent heard anything off them for about ten yrs any info regards

As a general rule, yes.

Of course if it is 10 years since you've "heard anything off them", they may well have closed the account and trashed the documentation by now. So unless you've kept the documentation ....

dunstonh

Statute barring is about them not coming after you for the debt. However, the debt still exists and they can offset it.

Cosworth12

Thanks i havent any documentation on any of the credit agreements I received a txt message saying my current ac has been credited I rang to explain that I dnt have an account with them they told me it is with collections rang them they have no record of me yet

[Deleted User]

Cosworth12 wrote: »

I received a txt message saying my current ac has been credited I rang to explain that I dnt have an account with them they told me it is with collections

Sounds like they've already offset against your old debt (which is why they say your "account" is in Collections)

Cosworth12

Moneyineptitude wrote: »

Sounds like they've already offset against your old debt (which is why they say your "account" is in Collections)

When I spoke to the collections dep they had no record of me

[Deleted User]

Cosworth12 wrote: »

When I spoke to the collections dep they had no record of me

You'll obviously have to wait for them to investigate further if you are getting conflicting messages. I'd wait for the letter they will send.

Cosworth12

Theire is nothing related to nat west on my credit report is theire a chance of getting this refunded

trustnoone

I am in the same position with RBS, my trust deed was in 1999. PPI redress has been referred to the Debt Management Team. When I phoned for an update, they have no record of me. It looks like a waiting game.

Cosworth12

There is nothing on my credit report relating to nat west is their any chance of having this refunded