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PPI vs Trusteed Vs Complicated
Mellis01
Posts: 1 Newbie
Hello. This is the first time ever posting so be gentl 
Complicated situation so will explain the best i can. I signed a trusteed 2 years ago and due to what i believe was mis-sold and not fit for purpose i contacted CAB about a year ago after making a years worth of payments.. They advised that if i didn't pay it then the trusdeed company may cancel it or push for bankruptcy. I cancelled my direct debit and started negotiating with them. Fast forward to now they have finally decided to cancel it and i received the letter yesterday saying they will start to cancel it in 21 days if no appeals are made. I also received a PPI letter from Lloyd's instructing me that i had been awarded £1400 for mis-sold PPI. However they have made the payment to the trusdeed company.
Now here is my question. Due to the trusteed being in the process of being cancelled and also the ppi compensation relates to an old credit card which was cleared and wast part of my trusteed, can i get this money back? Please help me !
Complicated situation so will explain the best i can. I signed a trusteed 2 years ago and due to what i believe was mis-sold and not fit for purpose i contacted CAB about a year ago after making a years worth of payments.. They advised that if i didn't pay it then the trusdeed company may cancel it or push for bankruptcy. I cancelled my direct debit and started negotiating with them. Fast forward to now they have finally decided to cancel it and i received the letter yesterday saying they will start to cancel it in 21 days if no appeals are made. I also received a PPI letter from Lloyd's instructing me that i had been awarded £1400 for mis-sold PPI. However they have made the payment to the trusdeed company.
Now here is my question. Due to the trusteed being in the process of being cancelled and also the ppi compensation relates to an old credit card which was cleared and wast part of my trusteed, can i get this money back? Please help me !
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