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Partially Settled!!!

Charlie_71
Charlie_71 Posts: 5 Forumite
in Reclaim PPI & other insurance
I have a partially settled debt on a credit card & loan with Lloyds TSB that was. My ex put in a claim for ppi on our then mortgage and a loan we had with Halifax. The decision has been upheld and we are entitled to monies back . Can my share of this money be taken to offset the partially settled debt with Lloyds TSB now that the Halifax are part of Lloyds banking group. The partially settled agreement was made in late 2015 or early 2016.

Comments

  • dunstonh
    dunstonh Posts: 120,264 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    The bank can only set off any PPi redress against the debt that the PPI was related to. It cant use it against other debts within the same group.
    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.
  • [Deleted User]
    [Deleted User] Posts: 26,612 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper Photogenic
    Charlie_71 wrote: »
    Can my share of this money be taken to offset the partially settled debt with Lloyds TSB now that the Halifax are part of Lloyds banking group?
    No, but you can of course make separate voluntary payments to your unpaid debt.
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