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3rd party pay off

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(@kab85)
New Member
Joined: 2 years ago
Posts: 1
Topic starter  

Hi,

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I have been in a trust deed since March 2022, my mother has now offered to pay off the remainder of my trust deed payments to finish my trust deed early, so I can get my life back on track, will this get accepted or would she have to pay off the full amount that owed.ย 

thanks in advance

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This topic was modified 2 years ago by Kab85

   
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Kevin Mapstone
(@kevin-mapstone)
Member Admin
Joined: 16 years ago
Posts: 4253
 

Hi Kab85. Thanks for your question, though I'm afraid the answer may not be what you are hoping for.ย  A Trust Deed can only be finished early if the debts have been repaid in full (plus interest and trustee's costs), otherwise it is a minimum 4-year period.

Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.


   
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