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Wildchild
Advanced Contributor

164 Posts

Posted - 16 November 2018 :  17:25:13  Show Profile  Reply with Quote
Maybe a q for the tda ‘s.
Ok. We have former trustees holding monies till mond case
Then they now releasing monies to former clients less a few hundred for their fees

I
Surely this is wrong. ?

TDA (Debt Adviser)
Trust Deed Expert



12692 Posts

Posted - 16 November 2018 :  17:31:39  Show Profile  Reply with Quote
I don't really recognise the basis of your question Wildchild.

As far as I'm aware, one trustee that we have heard about here has made a commercial offer to one forum member and sought their agreement to it.

No amount of money was mentioned.

That's quite different to what you've just written?

Anyway, my response to Kevin's thoughts about this single situation are on here already for anyone to read.

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds    
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Wildchild
Advanced Contributor

164 Posts

Posted - 16 November 2018 :  19:17:27  Show Profile  Reply with Quote
So. Basically former. Trustees taking fees for holding people’s Ppi
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TDA (Debt Adviser)
Trust Deed Expert



12692 Posts

Posted - 16 November 2018 :  20:51:54  Show Profile  Reply with Quote
Is this the trustee’s fees, or the fees of the firm that (at one stage) handled the claim?

Claims firms would usually have a contractual clause that they’d get paid if a claim they worked on got paid out in the future.

If so, the trustee might consider they should be paid.

One of those questions you’d probably have to check with the trustee to get the details.

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Wildchild
Advanced Contributor

164 Posts

Posted - 16 November 2018 :  21:46:38  Show Profile  Reply with Quote
No claims company involved banks just sent what I was due to former trustee. Been sitting there for 6 months I haven’t used their services
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TDA (Debt Adviser)
Trust Deed Expert



12692 Posts

Posted - 19 November 2018 :  09:30:33  Show Profile  Reply with Quote
Did you appoint (or have appointed for you) a claims firm while you were in the trust deed?

I'm really struggling to understand on what other basis a fee might fairly be charged, but I could be missing something.

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Wildchild
Advanced Contributor

164 Posts

Posted - 19 November 2018 :  10:00:33  Show Profile  Reply with Quote
6 months ago bank wrote to me saying I was due a redress on Ppi
Then said however they have sent it to my former trustee. (15 years former )
And told me to take it up with them
So I made contact and was told. No decision be made till mond ruling
Was told monies be kept in a clients holding account till such day
Payment is now on way less 300 pounds. Andwas told it will be explained in the letter so all I can see is they stored my money and charge me 300 for the pleasure
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Wildchild
Advanced Contributor

164 Posts

Posted - 19 November 2018 :  10:08:20  Show Profile  Reply with Quote
Letter received. Fee for 240 for them watching over my monies and issuing payment standard admin charge. Pfttt
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TDA (Debt Adviser)
Trust Deed Expert



12692 Posts

Posted - 19 November 2018 :  10:25:20  Show Profile  Reply with Quote
I (personally) would be contesting this.

Vigorously.

You didn't ask them to do this. They took it upon themselves.

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds    
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Wildchild
Advanced Contributor

164 Posts

Posted - 19 November 2018 :  10:40:28  Show Profile  Reply with Quote
Exactly
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Wildchild
Advanced Contributor

164 Posts

Posted - 19 November 2018 :  10:48:38  Show Profile  Reply with Quote
Says when cheque cashed that lets they know I have accepted terms of letter
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sophie
Regular Contributor

22 Posts

Posted - 19 November 2018 :  11:06:40  Show Profile  Reply with Quote
Hi, are they saying this is a standard charge or did they take a percentage? Don't think they should be taking anything
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Wildchild
Advanced Contributor

164 Posts

Posted - 19 November 2018 :  11:17:46  Show Profile  Reply with Quote
Just a admin charge it says
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Wildchild
Advanced Contributor

164 Posts

Posted - 19 November 2018 :  11:19:47  Show Profile  Reply with Quote
For keeping me money in a account and sending it out to me 6 months later easy money ! Bet they all do it. And find a loophole to cover them on it
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sophie
Regular Contributor

22 Posts

Posted - 19 November 2018 :  11:40:00  Show Profile  Reply with Quote
I think they will, Mr Mond has my money just waiting to see what happens with that.
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tinsoldier
Advanced Contributor

729 Posts

Posted - 19 November 2018 :  11:49:49  Show Profile  Reply with Quote
That’s two firms not exactly smelling of roses at all since the Supreme Court verdict.
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