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Topic starter
27/04/2012 1:09 am
I know I'm probably worrying over nothing but 8 months into my PTD, I'm no long worrying about phone calls and letters from creditors and the worst worry of all was the five week wait to see if my trust deed would become protected. Now I find myself worrying about my review, what if my trustee increases my payments. There seem to be plenty of people who have written in the forum where their payments have increased at their reviews but their income and expenditure has not changed. Then even looking further down the process there seems to be a growing number of people who are not being discharged when they have completed their obligations. It just appears that once you have signed up to a trust deed the trustee can do whatever they want and the debtor has no rights and their discharge is in the lap of the gods. I understand that the trustee is there to make sure the creditors receive as much as they can but surely not at increased detriment to the debtor. After all the trustees are not doing this out of the goodness of their hearts they are taking a handsome fee from our payments.
27/04/2012 4:40 am
I always worried over my reviews. My payments never went up, although they never went down either when my salary went down. I also worried about where the equity in my home would come from. It all got sorted. As for the not getting discharged thing, I worried that my trustee would ask for part of my overtime, bonuses after I'd made all my payments. It didn't happen. Most of the people on here who are waiting to be discharged are there because of PPI claims I think. As you're 8 months into your trust deed, you could ask your trustee if they intend to pursue this and if so, could they start the ball rolling.
You'll have your first review coming up soon. I would suggest keeping a copy of this once you've filled it out. When your next one comes out, it'll give you a starting point for filling it in.
Always ask your trustee questions and keep in touch with them. It'll help the process along. Hopefully you have one of the better ones.
Nothing left to discharge - everything's done and dusted!
27/04/2012 8:47 am
Hi AlphaB
There shoould be no need to worry about reviews unless there has been a material change in circumstances. In my experience ( a long long 26 years!!) the vast majority of contributions never change as any normal increase in income is usually balanced out with increases in petrol, gas, electricity etc.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
27/04/2012 4:17 pm
Thanks for your replies, Mark you don't look old enough lol.
27/04/2012 5:43 pm
what a numptie-Mark I just saw your post saying you'd 26 yrs under your belt then noticed the number below your picture is 1986-26 yrs ago. Momentarily thought the picture was dated!! Long day...
27/04/2012 11:40 pm
Ah well Mark, if the Trust Deed business dries up you can always make your fortune marketing anti-ageing products for men. I'd buy them!
