Rbs case up held , pay debt off help needed asap

[mrjell]

HEY THERE , SO BASICALLY GOT A LETTER THROUGHT FROM RBS STATING UP HOLDING CLAIM TO TUNE OF 2441.01 IN PREMIUMS AND STATUTORY 8% COMPENSATORY @1337.42, NOW IN THE LETTER IT STATES THAT THE AMOUNT WILL BE PAID OFF DEBT, AM I RIGHT IN THINKING THAT I SHOULD GET THE INTEREST IN A CHEQUE OR IS THIS UNTRUE? ALL IT SAYS IS
I UNDERSTAND THE OFFER WILL TAKE INTO CONSIDERATION ANY ARREARS ON MY ACCOUNT. THE REMAINING BALANCE IF ANY WILL THEN BE PAID TO Y rbs ACCOUNT OR CHEQUE.
NOTHING OF A CHEQUE FOR INTEREST .
THE TOTAL WOULD TAKE A CHUNK OUT OF ARREARS BUT LEAVE ME NOTHING UNLESS I GOT A CHEQUE FOR INTREST , OR AM I NOT ENTITLED TO INTREST , WILL RING THEM TOMORROW BUT JUST ASKING, IM PAYING MY DEBT BACK THROUGH DEBT MANAGEMENT COMPANY.
JUST WONDERING IF I WILL SEE A PENNY THANKS.
LAST THING THE DEBT IS IN NOW IN MINE AND MY EX PARNERS NAME , WE PAY X AMOUNT A MONTH WHICH WE AGREED, BUT SHE NEVER HAD PPI ON THE LOAN WE TOOK OUT SO EFFECTIVLY SHES GETTING HALF OF THE FULL AMOUNT TAKEN OFF HER DEBT WHEN SHE NEVER HAD PPI I TOOK THE PPI OUT ON MY LOANS AND WE JUST CONSOLODATED A LOAN AT END AND SHE JOINED ON, THE PPI LETTER IS IN MY NAME BUT LOAN ACCOUNTS IN BOTH, I JUST DONT FEEL THAT EFFECTIVLY SHES GETTING HALF WRITTEN OFF WHEN SHE DIDNT HAVE THE ACCOUNT TILL LATER ON IF YOU KNOW WHAT I MEAN AND WHY THEY HAVNT PUT BOTH OUR NAMES ON PPI LETTER JUST MINE WHEN THE DEBT IS NOW IN BOTH OUR NAMESX

[FlamingParrot]

Re: Rbs case up held , pay debt off help needed asap

Hi and welcome to LB!

If you reclaim on a live account (where you are maintaining contractual payments) or a closed account (no outstanding balance), then you get a cheque for the full amount, however, when you reclaim on a defaulted account, any redress would normally go towards the outstanding balance, this includes interest. There have been exceptions when the account has been sold to a debt purchaser but yours still seems to be with RBS.