nat west

Cosworth12

trustnoone wrote: »

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.

Hello my Friend it is so annoying these institutions seem like laws unto theirselfs

trustnoone

Totally, they are more than willing to throw money at you instead of addressing the problem. I take full responsibility for my debt, but the banks have a duty of care their customers and should be lending more responsibly!!

Nasqueron

Guys

The banks did not hold a gun to your head, you chose to borrow money.

In regards to your debt, the law allows everyone a second chance, that is why old debt, defaults etc drop off your record after 6 years so even if you never paid a penny back, a new lender will not see that so you can move on in life. However, banks do keep records of debtors as it means they lost money and while they can no longer enforce the debt , if you did not pay back money in the past and then try and claim back money from them, do you not see it is fair and logical that, if they can do so, the banks would use your refund to pay off the money?

If you lend me £100 and I don't pay it back, but then I remember you owe me £50 for some work I did, would you honestly give me the £50? That is basically what you are asking the banks to do.

trustnoone

That's us told then. Unfortunately in life we make bad choices. At the time I felt that I had no other option but to take a loan. When things got bad, I did approach the bank for help/advice, but to no avail. Entering into a trust deeds was not a decision I made lightly. I have learned a hard life lesson. The bank have admitted liability for mis-selling ppi to me. It does seem as though, while admitting they were wrong, they are still going to recompense themselves for their bad practices.

Cosworth12

Nasqueron wrote: »

Guys

The banks did not hold a gun to your head, you chose to borrow money.

In regards to your debt, the law allows everyone a second chance, that is why old debt, defaults etc drop off your record after 6 years so even if you never paid a penny back, a new lender will not see that so you can move on in life. However, banks do keep records of debtors as it means they lost money and while they can no longer enforce the debt , if you did not pay back money in the past and then try and claim back money from them, do you not see it is fair and logical that, if they can do so, the banks would use your refund to pay off the money?

If you lend me £100 and I don't pay it back, but then I remember you owe me £50 for some work I did, would you honestly give me the £50? That is basically what you are asking the banks to do.

yea but they should make things clearer consolidate consolidate consolidate I kept bein told and when I told em dnt want ppi there response you have a greatetr chance of being approved any hows

Cosworth12

trustnoone wrote: »

That's us told then. Unfortunately in life we make bad choices. At the time I felt that I had no other option but to take a loan. When things got bad, I did approach the bank for help/advice, but to no avail. Entering into a trust deeds was not a decision I made lightly. I have learned a hard life lesson. The bank have admitted liability for mis-selling ppi to me. It does seem as though, while admitting they were wrong, they are still going to recompense themselves for their bad practices.

Oh dear that well and truly has

Nasqueron

trustnoone wrote: »

That's us told then. Unfortunately in life we make bad choices. At the time I felt that I had no other option but to take a loan. When things got bad, I did approach the bank for help/advice, but to no avail. Entering into a trust deeds was not a decision I made lightly. I have learned a hard life lesson. The bank have admitted liability for mis-selling ppi to me. It does seem as though, while admitting they were wrong, they are still going to recompense themselves for their bad practices.

As I said the system forgives your debts after 6 years but that doesn't mean you do not owe the money still just that you will no longer be chased. The bank could equally talk about the bad practice of those who lose them money. The off setting rules cover this situation and who knows, you may well get all of it

Cosworth12

Is there anybody who been in a similar situation like this and actually been paid their ppi even though it has been sent to collection dpt regards

dunstonh

Cosworth12 wrote: »

Is there anybody who been in a similar situation like this and actually been paid their ppi even though it has been sent to collection dpt regards

Possibly as records may not be perfect in all cases. However, the fact is that if they have records of an unpaid debt, they are allowed to use it against that.

Cosworth12

dunstonh wrote: »

Possibly as records may not be perfect in all cases. However, the fact is that if they have records of an unpaid debt, they are allowed to use it against that.

Received letters to day frm rbs nat west saying the refund will remain with them untill their allocation of the funds phoned cms they cant trace me tell me to phone ppi dpt for ac nos and sort code they tell me they dnt have them ac or closed !!!!!! is happening told another 28 days grrrr