PPI just AWARDED but got default but over six years old

Leon_82

AnotherJoe wrote: »

Why not accept? They may miss your old debts. Hard to see what you've got to lose.

True 👍👏 see what happens

SonOf

Two outcomes possible here.

1 - they cant find any record of your debt (unusual but has happened). So, they pay you
2 - they see you defaulted and they use the redress against that debt (the most common scenario).

If the redress is greater than the debt, you get the excess amount. Also, often you will get the interest part of the redress whilst the capital part (refund of premiums) goes against the debt.

So, it is worth it.

Leon_82

Thanks have "thanked you"

Leon_82

Quick update.... checks come through and full PPI was awarded....cheers RBS cheques cashed!

[Deleted User]

Leon_82 wrote: »

checks come through and full PPI was awarded....

A double whammy for you then. Your old debt is forgotten and they refund you the PPI!