Ok thanks

Hi, the dmp is back 2 credit. And they are going to be dumped!!! I will check the letters for arrears amount. We did the claim ourself through the bank. Just worried that he won't get a penny so let's hope he at least gets the 8% interest. Thanks

Hi, yes he pays a fee to the dmc. Not sure about the notice of arrears! He's been using the dmc for 9 months now so the amount that is being paid off the loan is not the full amount he was paying.

My husband has been offered a ppi settlement from natwest for £7500 from loans that are all settled. But he has a loan that is in arrears with rbs that is being dealt with by a debt management company. I know the bank will offset his money to pay toward the Loan but will they use the 8% statuatory interest to pay against it or will that be paid seperately to my husband.

Ok thanks, fingers crossed then.

Hi, well the ppi is against old loans from natwest which are all paid off. But the loan in arrears is a recent one with rbs

Forgot to add that his loan is in arrears and being managed by dmc

My husband has received an offer for £7500 but has a loan for £10000 can they use all the ppi payment against the loan , or am I right in thinking that the 8% statutory interest is paid direct to him and the rest against the Loan?