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Scottish Trust Deed Forum
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Topic starter
28/06/2012 2:01 pm
Sorry what I mean is if I stop paying the car and the company takes the car back because of non payment will I still have to pay even though I am in a trust deed sorry for the confusion im only looking for an alternative
28/06/2012 2:22 pm
Hi Lawjm4
No it is a contingent debt. The debt existed at the time the Trust Deed was signed, it just couldn't be quantified. If the car was repossessed, it would be sold and there would be a balance to be paid. This then forms the debt and would be a debt under the Trust Deed.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
28/06/2012 2:39 pm
So would my trust deed payment rise
28/06/2012 4:43 pm
Hi Lawjm4
Probably, unless it was balanced out with other travel costs.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
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