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Scottish Trust Deed Forum
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Topic starter
15/02/2011 8:54 am
My t/d is finishing in september, i have asked my trustee if i am up to date with my t/d and they have told me they wont know till the end, i want discharged asap but i fear a sting in the tail come sept ? also my car was valued at ?ú1500 will my trustee come to collect my car as i cant pay for it and dont want my tustdeed extended.
15/02/2011 9:19 am
Hi John
Can you advise me why you 'fear a sting in the tail'
You will need to ask the Trustee to clarify the position with the car and what was agreed at the outset.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
15/02/2011 10:08 am
Its the phrase "a trust deed usually lasts 36 months thats throwing me", my payments are fully up to date, ive heard that you are required to pay what your car has been valued at, at the outset of your t/d i want out asap and they can have the car.
15/02/2011 10:14 am
Hi john1980 and welcome to the trust deed forum.
This might turn out not to be an issue at all given that the car is of modest value.
Even if the car does need to be dealt with in some way, you/your Trustee are of course able to organise the sale of the vehicle to bring the trust deed to a conclusion.
Additional payments at the end of a trust deed (extra months) are an option selected by some people because they wish to avoid the sale of the asset concerned.
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