Arrgghh! Small Claim Post Signing PTD

pinkpig · 2013-05-08T22:20:20Z

Hi there Signed PTD in July 2009 and split with husband in Oct 2009. Due to change in circumstances have only paid 3 months contributions. Still in Trust Deed because they are incessantly making claims for PPI on my behalf. Due to change in personal circumstances, I had to buy a car in nov 2009 and called trustee who advised was ok to get credit if not more than 3K. Did this and car fell apart 3 years into credit agreement and I had to voluntarily surrender home so now have to rent a property. This all means that I have been unable to keep up payments on the car which was reposessed. I was taken to small claims court in April where I accepted liability but stated I was not in a position to make any payment (because if I was, I would be paying a contribution to trustee). The Sherriff granted decree and now I have a charge for payment for a debt of £2700. I cannot add this to trust deed as under 3K and taken out after PTD signed and I cannot enter sequestration if in a trust deed. I have Sheriff officers turning up at my door randomly and I am caught in a catch 22 here. I am absolutely sick of this situation. I am writing a letter of complaint to my trustee in the first instance asking what on earth is going on and that I wish to be sequestrated. Thereafter I shall seek advice from the financial ombudsman. I also want to complain that I gave up my house as the trustee's valuation made out that there was 50K equity in it and actually it sold for under the value of the remaining mortgage. My son has autism and this upheaval has been horrendous for us all. I am a single parent and work hard part time and I am getting nowhere in a system designed to help clear debt and start afresh. How do I get off this never ending treadmill? Any ideas greatly appreciated. *rant over*

Page 2 / 2 Prev

Scottish Trust Deed Forum

Last Post by Kevin Mapstone 12 years ago

16 Posts

5 Users

0 Reactions

2,487 Views

RSS

Kevin Mapstone

(@kevin-mapstone)

Member Admin

Joined: 16 years ago

Posts: 4253

16/07/2013 11:15 am

Congratulations, pinkpig - that is your notifcation that you are discharged. There isn't anything that you need to do with it in particular though.

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

ReplyQuote

Page 2 / 2 Prev

RE: HELP! New TD & situation has changed

It’s me! For the LAST time, I think? I paid my final...

By RMMT1 , 4 weeks ago
RE: Post-Trust Deed Advice - Credit Reports

Hi Hamish 1205, The general consensus is to contact y...

By paulp , 1 month ago
RE: Trust deed after 6 years

Hi Jellytot75, We see lots of different scenarios pla...

By paulp , 1 month ago
Post-Trust Deed Advice - Credit Reports

Hi there, So I received my form 5 at the start of Apr...

By Hamish1205 , 1 month ago
Trust deed after 6 years

Hi back on here to ask a bit of advice as it’s been gre...

By jellytot75 , 2 months ago
RE: Drop in salary

Hi DCAM, Sorry to hear you're having to leave your cu...

By paulp , 3 months ago
Drop in salary

Hello all, I am currently on a salary of 48k and sadl...

By DCAM , 3 months ago
RE: Advice surrounding selling house post discharge.

If I recieve my form 5, are they allowed to claim any e...

By Hamish1205 , 3 months ago
RE: Advice surrounding selling house post discharge.

Thanks a lot, it's appreciated! I'm struggling wi...

By Hamish1205 , 3 months ago

2 Forums
7,530 Topics
60.8 K Posts
4 Online
4,582 Members

Forum Icons: Forum contains no unread posts Forum contains unread posts

Topic Icons: Not Replied Replied Active Hot Sticky Unapproved Solved Private Closed