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Scottish Trust Deed Forum
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Topic starter
18/04/2022 7:42 pm
Hi
Firstly thanks to all the contributors on both sides as the info here both professional and from people in a TD like myself are first class.
I have 2 payments to go of a 5 yr PTD and after last years Annual Review i was advised there would be no further review and once final payment was processed i would be discharged in due course (no timeframe given)
i have now been inundated with emails demanding i give them access to my bank account so they can digitally check my statements!!!!
dont think so lol
So my queries are this:
Do i need to submit info for another review?
When can i chase them for form 4 or form 5?
Can i cancel my DD once final payment has been taken (1st June)?
Many thanks in advance
18/04/2022 11:30 pm
Welcome to the trust deed forum lastdays. Congratulations upon reaching the final stages of your trust deed.
It's not uncommon for a trust deed provider to do a final review before someone is discharged. The purpose is to ensure that their client has completed their commitments to the trust deed, so that their trustee can feel comfortable about discharging them.
The use of "open banking" is becoming more common to complete administrative tasks more efficiently, but if you're uncomfortable with this process you could ask your trustee about the possibility of providing alternatives like paper bank statements, payslips etc.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
