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Can RBS keep my PPI money?? *** WON ****


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Hi,

 

I have made a successful claim against RBS group for PPI charged to me on three loans

 

Loan 1 was settled (PPI Charged)

Loan 2 was settled (PPI Charged)

Loan 3 fell into arrears and still has money outstanding but is being paid off monthly via a debt agency

 

RBS are stating in their letter than money will be paid out once any outstanding debts with the group are settled, so i presume that they are saying that the ppi money owed to me for loan 1 and 2 will not be paid to me and in fact ppi money owed for loans 1, 2 and 3 will go towards paying off the oustanding debt of Loan 3 :-x

 

Is this correct?

Loans 1 and 2 were seperate to loan 3..

 

Slightly confused but advise would be appreciated.

 

Thanks :)

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make sure they only use it for ARREARS not just any outstanding balance

 

they should be regularly sending you arrears notices now.

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Sorry IMS.

 

To recap then

Loan 1 settled

Loan 2 settled

Loan 3 defaulted sold/passed onto various companies and now sitting with Triton Financial Services who said I had an option to settle at a reduced rate only last week.

 

I presume that Triton are not part of RBS and therefore there intention on using the ppi repayment to part settle the debt is not allowed?

There letter states the loan is till open though.. v confused now!

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You need to know whether Triton are acting for the OC or whether the debt has been sold to them

 

Have you ever received a notice of assignment?

 

What does your CRA file say about this debt?

 

ims

 

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ok so it appears that triton are part of RBS, triton utilise Frederickson Int to recover the money, the account for the loan 3 and OD are still open.

 

The defaults happened over 6 years ago now and they are not showing on my credit file.

 

the chappy that i just spoke with said that the ppi outstanding on the open loan account will be paid to them and that i would receive a cheque for the loans 1 and 2 which are now closed.. not sure if that is correct though..

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and dont pay it

 

if they are offering a discount

 

it means they will NEVER go to court

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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why are you speaking on the phone!!

 

who NAME is against the debt on the cra file?

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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  • 2 weeks later...

well some good news, i tackled RBS for some ppi relating to 3 loans, they originally stated that all three payments would be paid back to my outstanding loan that fell into arrears however i today received 2 cheques in settlement with only one going towards the debt so happy days and thanks for your help.

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Oh well done :) I have added you thread link to the PPI success forums.

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?88004-PPI-Successes/page87

Have we helped you ...?         Please Donate button to the Consumer Action Group

Uploading documents to CAG ** Instructions **

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy - HERE

2: Take back control of your finances - Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors? Read Here

4: Staying Calm About Debt  Read Here

5: Forum rules - These have been updated - Please Read

BCOBS

1: How can BCOBS protect you from your Banks unfair treatment

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

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still wonder who owns the current loan though.

 

did you check your cra file?

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Well done ppidan.

Keep up the fight against Bank Charges.

 

 

Got Debt problems?

Don't panic, put the kettle on and read this

 

:-) Everything I write comes from my heart and head! The large filling cabinet that is my knowledge of life, however warped that may be!! :-)

 

<<< Please tickle my star!! if I have managed to help you or just made you chuckle!

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Got another cheque today! It looks like they are paying me the interest

 

Oh very nice :)

Have we helped you ...?         Please Donate button to the Consumer Action Group

Uploading documents to CAG ** Instructions **

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy - HERE

2: Take back control of your finances - Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors? Read Here

4: Staying Calm About Debt  Read Here

5: Forum rules - These have been updated - Please Read

BCOBS

1: How can BCOBS protect you from your Banks unfair treatment

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

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  • 2 months later...
I am in similar situation and getting no clear answers . Got ppi awarded for some loans from 2003 onwards ( natwest part of Rbs ) . Now have a loan I pay on a dmp . Will they just keep the money or will I get it ???

 

The answer is in post # 13 - if you are in arrears, then they are allowed to pay the PPI refund into the account.

 

You might be able to make a case for hardship or that you have priority debts that should benefit from the refund.

Have we helped you ...?         Please Donate button to the Consumer Action Group

Uploading documents to CAG ** Instructions **

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy - HERE

2: Take back control of your finances - Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors? Read Here

4: Staying Calm About Debt  Read Here

5: Forum rules - These have been updated - Please Read

BCOBS

1: How can BCOBS protect you from your Banks unfair treatment

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

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  • 11 months later...

Hi wondering if anyone can help I've had few loans with rbs which have been consolidated each time but my final loan I fell into arrears which then went onto a debt agency I've claimed for my ppi they say I'm due £3000 but if I have any arrears it will go to that can they do this for all my loans as it was the last one I defaulted on??

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Hi wondering if anyone can help I've had few loans with rbs which have been consolidated each time but my final loan I fell into arrears which then went onto a debt agency I've claimed for my ppi they say I'm due £3000 but if I have any arrears it will go to that can they do this for all my loans as it was the last one I defaulted on??

 

this thread is years old - no-one will see this post

 

start your own thread

see the video below

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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