RBS PPI issues

[davyatsea]

Hi there.

 

in November, I received a letter from RBS stating that they were looking to pay out an amount of approx £1400 for an old PPI claim, that had not been accepted previously.

They do make reference to making checks first before making the payout.

 

i heard nothing from them until end of January when they stated that they identified arrears. The processing of this part would take another 28 days. My concern is that this was part of an IVA, which completed in November 2013 after a 6 year IVA and I have seen reports of debts being attached to IVA. However, it is over 7 years since completion, and I believed that any debts would be statute barred, if not written off law the IVA.

I have also since received a separate letter offering payout of £2700 for a separate RBS Loan.

 

I wonder, how this one will proceed bearing in mind the progress of the previous claim. potentially, we could be receiving up to £4100 in PPI Payouts, but worse case - it could be ALL put towards the old debt.

 

How should I contact RBS about this? Or should I just let it run its course? As a family, any payout would greatly help for the additional sensory needs of my children.

Also, I acknowledge (off the record) the banks position.

Any advice would be greatly appreciated

. I can post screenshot of letter if need be.

Many thanks.

[dx100uk]

did you get a certificate of competition for the IVA?

 

if so 

the money is yours. this far down the line

[davyatsea]

Yes. I do have a certificate of completion, many thanks.

[davyatsea]

So bearing in mind I have certificate of completion, RBS have said in a letter that I have arrears and that the PPI refund has been sent to the Debt Management Operations for processing. I feel I should challenge this, but not quite sure whether it should be by phone (quicker) or letter. What I don’t want to do is take up any statute barred debt, that should have been written off in any case.

[dx100uk]

Is this still owned by rbs?

[davyatsea]

Yes, definitely. It was never passed to anyone else.

[dx100uk]

then they can offset sadly.

SB in England and wales only means can't enforce any court judgement so don't bother going there.

though the 'debt' has to be from the same A/C the PPI refund is from.

[davyatsea]

Sounds like I’ll need to do some more digging then. If I remember correctly - many years ago I know, there were a chain of loans, and recent letters have come for two different accounts. I think the way I’m heading is clarification - which, if you guys agree, I’ll do in writing.

[dx100uk]

1 hour ago, davyatsea said:

What I don’t want to do is take up any statute barred debt, that should have been written off in any case.

a ppi payment into a dormant account does not reset sb, its not a payment by you.

and an sb'd debt cannot be unbarred once barred anyway.