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RBS PPI claim offset against debt
affie84
Posts: 1 Newbie
Hi
I have had a RBS PPI claim upheld for £1287. The letter I signed said any arrears on debts held with the RBS group maybe offset against the money owed. I don't have any arrears but I do still have an overdraft with Natwest. It's within its agreed limits and no issues with running my account. I returned the signed agreement saying I accept their offer and RBS have acknowledged receipt of this but in their text of acknowledgement it says any arrears OR outstanding debt with the group may impact the payment. So does this mean they can keep the money to offset against my overdraft? It's an outstanding debt but I'm not in arrears with it. It's managed within its agreed limits. Thanks
I have had a RBS PPI claim upheld for £1287. The letter I signed said any arrears on debts held with the RBS group maybe offset against the money owed. I don't have any arrears but I do still have an overdraft with Natwest. It's within its agreed limits and no issues with running my account. I returned the signed agreement saying I accept their offer and RBS have acknowledged receipt of this but in their text of acknowledgement it says any arrears OR outstanding debt with the group may impact the payment. So does this mean they can keep the money to offset against my overdraft? It's an outstanding debt but I'm not in arrears with it. It's managed within its agreed limits. Thanks
0
Comments
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So does this mean they can keep the money to offset against my overdraft?
No. You have to be in arrears, defaulted or had amounts previously written off.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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