Natwest/Rbs debt 18 October 2018 at 7:00PM edited 30 November -1 at 1:00AM in Reclaim Bank & Credit Card Charges 3 replies 978 views

ItsSme

Hi, I have just found out I have PPI from some old Natwest loans I had. They were closed back in 2003. However I have an outstanding debt with RBS can they use any refund I may get to pay off this debt? Even though at the time they were separate companies??

[Deleted User]

ItsSme wrote: »

I have an outstanding debt with RBS can they use any refund I may get to pay off this debt? Even though at the time they were separate companies??

Outstanding debt will be offset against any PPI refund (should it be awarded)

ItsSme

but the companies were not connected at the time of the loans taken, surely that can't be right? Also the debt is no longer on my credit file and was sold on to third party companies?

Nasqueron

If a firm buys another firm then yes absolutely if they take on the debt they can offset.


Credit file - doesn't matter, statute barred old debts don't just vanish, you still owe the money you just can't be chased for it


If sold on with no right to claw back you will probably get lucky and get the money (which you can use to settle your unpaid debts). If they have the right to get the old debt back then they can't.


Look on it as a bonus if you do win anything as you are essentially asking them to refund you money you never paid.