That would vary agreement by agreement kdog7.

Gresgow is saying that it isn't winnings though.

David

Not sure I understand, because I have inherited my home which I would like to continue to live in it I have extended my trust deed to pay debts, interest and fees in full.

As this is the case I thought that in this scenario it is quite logical to expect that this extra money would go towards my balance outstanding and so reduce the amount I owe.

From what I have read and heard this would appear not to be the case. Where else would the money go in that case?

Hi gresgow.

You probably need to take account of the fact that extra work caused to your trustee, intervening to recover funds in this account for example, are likely to be increasing the sum of money you'll owe them for their work.

Increasing fees will mean an increasing sum that you need to pay over.

Missed payments also mean that the whole thing is taking longer. Extra interest might therefore also apply.

Relationship Manager has advised payments still remaining are 27 x £X.

These figures are based on my trust deed running to a certain date so the fees, interest, etc were all calculated based on the TD running to this date.

I have been told that a figure of £X remains surely this additional money should reduce the balance outstanding

There are so many potential factors involved gresgow that I think you need to seek clarification and justification directly from your trustee.

Maybe they're treating that cash from the bookmaker as winnings for example?

Hi gresgow,

Like TDA has advised, there are a number of factors involved and given I'm not aware of the full facts and figures of your case it's hard for me to give a more specific answer.

As TDA has touched on, the total amount of money you are required to pay can change based on the amount of work your Trustee and staff are having to carry out on your case. It can also change in terms of interest paid back to creditors if it takes longer than anticipated to make a payment to them. For example, every time a member of staff does work on your case they charge time to it. If more work than originally anticipated is having to be done then this could increase the total amount you are required to pay back to cover your Trustees fees. In this scenario, this might mean that with the addition of the money we are talking about, this offsets the extra time cost and as such leaves you with the same payment x 27.

I think you are going to have to clarify why the extra money ingathered isn't being used towards the final balance and ask for this to be confirmed in writing. Once you know that and have a clear understanding if you wish to share this information we can try and advise you further.