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Nationwide want to offst PPI - can i challenged them?

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I am annoyed that Nationwide last year acknowledged my PPI claim but decided that since the 2002 disputed debt still existed they would setoff the PPI refund.

I never responded however while I understand that their claim against me is now out of time the alleged debt still exists ... or does it??

Wikipedia says ... The law thus allows both parties to defer payment until their respective claims have been heard in court. 

This is partly why setoff was introduced... however if no case will be heard how can they initiate setoff??

Additionally... we are all aware that banks use their irrecoverable debts to offset against tax liabilities so it is unlikely that my alleged debt is still on their balance sheet.

could i not insist on a dpa response to determine how they dealt with my alleged debt and to prove that the alleged debt still exists on their balance sheet??

Any comments or observations would be welcome.


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if the original creditor still owns the debt yes they can offset

in E&W the statute of limitations regarding 6yrs statute barring only prevents enforcement action of a judgement, so owners of debts don't usually bother going to court as they cant ever enforce a judgement.

the debt itself still exists.

unlike Scotland whereby the debt is EXTINUISHED - dead gone parrot - after 5yrs.


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Single Premium PPI Q&A Read Here

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agreed dx100uk

 

IF the debt exists

if the debt exists then it must be on the balance sheet as a debt .. i want to ask them to prove that the debt does still exist, alternatively to repay me the charges.

 


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if its still owned by the OC is always exists.


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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have to disgree im afraid:

if they have used it to offset tax then they no longer have my debt and have not declared it as an asset.

need to find out...


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Nope.if its still owned by the org creditor they dont do that. Only upon sale would they redeem anything they could


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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