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Topic starter
29/10/2021 10:06 am
Hi, I made my last trust deed payment in Feb 21, however, still awaiting discharge as company state they are awaiting outcome of personal injury claim despite my solicitor making a 70/30 split agreement way back.
I'm now in the position where my vehicle is no longer roadworthy and I need one for my employment as job would be at risk. I have a company who having reviewed my credit report (i was able to get a credit card 3 years in TD and have been using Creditladder to report rent payments) advised they would be willing to give ma a 4 year finance deal at not too bad a rate.
The TD company haved asked that the finance company send this quote through for them to assess, however it is taking some time and having met all of my obligations i'm concerned that without a speedy resolution, i would have to consider alternative employment, probably at a lower income and you end up back in financial difficulties again!!
Has anyone had similar issues and best way to resolve as it seems the agents who deal with this gave limited links to the TD main office so i'm constantly being redirected to them.
29/10/2021 11:36 am
Hi SmithyJ. If you have completed your payments then I'm not sure why your TD company would need to see it. That should only be required if it would impact on your ability to continue making payments.
My advice would be to demand answers from your Trustee as to why this is necessary and let them know that any delay on their part could have a major adverse affect on your circumstances. If they still delay unnecessariy then I would consider making a formal complaint.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
Topic starter
29/10/2021 12:18 pm
Thanks for the advice Kevin, I wasn't sure myself why they needed this or actually if entitled to given this isn't income coming in but potentially going out.
I was annoyed that discharge was delayed because of the personal injury claim, although, this may be common practice?
01/11/2021 9:15 am
Hi SmithyJ,
Without making any comment about the timeline involved in this case, there can be delays to dicharging someone from a trust deed (after their final monthly payment) if there are other outstanding matters that need to be dealt with.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
01/11/2021 4:46 pm
quote:
Originally posted by TDA (Debt Adviser)
[br]Hi SmithyJ,Without making any comment about the timeline involved in this case, there can be delays to dicharging someone from a trust deed (after their final monthly payment) if there are other outstanding matters that need to be dealt with.
Hi TDA,
Thought it would be a couple of months at least, but not this long, and my understanding was my solicitor had binding agreement around split of any compensation claim so I thought my personal discharge could be progressed as normal but obviously not with this company.
Topic starter
04/11/2021 8:47 pm
quote:
Originally posted by Kevin Mapstone
[br]Hi SmithyJ. If you have completed your payments then I'm not sure why your TD company would need to see it. That should only be required if it would impact on your ability to continue making payments.
My advice would be to demand answers from your Trustee as to why this is necessary and let them know that any delay on their part could have a major adverse affect on your circumstances. If they still delay unnecessariy then I would consider making a formal complaint.
As per your advice Kevin raised concerns with the trustee and head of operations and had confirmation letter next morning, definitely worthwhile raising issue of potential complaint!!
