PPI claim on defaulted loan??

[olliepup]

Hi all,

 

I recently made a PPI claim, on a old Natwest loan, the said the owed me XXXX number made up of interest and payments, up till now i have had interest paid but none of the payments?

 

Since then i have been written to by 'Bank Smart' saying i took a loan with First Direct, which i did and it has insurance, i pressume they are canvassing for work and will charge me a princely sum for doing so?

 

Thing is this was with First Direct and when i got into financial trouble i CCA'd them and they had no paperwork so they stopped pursuing and removed it from my credit file, this was sometime ago.

 

If i go for a claim on this would i be re opening a can of worms? i think it would be statute barred now anyway.

 

Any advice would be welcomed.

 

Ollie pup

[dx100uk]

no go for for it.

 

they can only offset against notifed arrears contained in notice of sums in arrears letter.

 

dont quite understand your first line though.

dx

[olliepup]

Sorry as usual i was asking two questions in one,

 

i have since phoned Natwest to confirm why i have only received interest payments on that claim

and as you say the rest has been used to offset, good news is it will clear the debt and i should get some back!

 

So with the new first direct claim it won't arouse them to start pursuing me again?

it is off the file and prob 6 years old, so if they get a payment from the PPI it won't mean i have admitted liability by a payment going onto the account?

 

And Bank Smart, are they just canvessing for business?

 

Things could be looking up.

 

Thanks.

[dx100uk]

bank smartcost +30%

 

now back to nw

how old was ths account?

 

ever get any letters?

 

there is NO automactic right of offset

 

there are rules!

 

dx

[olliepup]

The debt is prob 5 or 6 years old, i've been paying it for nearly 3 years, irwin mitchell sols are holding it, there is 600 quid outstanding on the debt but the offset for ppi premiums is about 1300 quid, so if they do offset they said i will get some back, sound ok?

 

Only letters i get are statements from NW on the account.

[dx100uk]

well i suppose we need to ask

would you do this anyhow?

to get rid of the debt?

 

ideally, if you are in ARREARS that is they only time

they should off-set

 

and they should be sending you a letter better than once every 6 months

entitled 'notice of sums in arrears'

 

without these, they should not be any off-set.

 

if you want to question them

 

then go ahead

 

dx