Ppi

charlock68

Hi I have claimed RBS for PPI and they have agreed settlement but say as I was in protected trust deed at the time they are going to withhold enough to cover what was owed but I know their appeal to do this was rejected in court in November I have spoken to them today and they have said yes this is correct but that was in a Scottish court and English law still stands can anyone advise what I should do please

[Deleted User]

They're allowed to use the redress to cover any unpaid debt.

However, you will get the surplus.

charlock68

I understand that but the Scottish courts denied their appeal to do this and I live in Scotland and my account was in Scotland

[Deleted User]

But the key lies in the law that governed the agreement.

Bermonia

They are perfectly within their rights to offset against outstanding balance.

As is their requirement to try and put you back in a position had you not taken the insurance, clearing any arrears which were arguably caused on contributed by the insurance premiums being taken is fair and reasonable.

charlock68

When I entered the trust deed they signed an agreement to accept an agreed amount surely that is legally binding as well

[Deleted User]

It surely is.

It means they won't pursue you for the balance, but they also won't give you money that you still owe them.