Hi starrysky

No they can't. The agreement at the start is what you need to adhere to. They are unable to extend this without reasonable excuse.

Mark

Thanks Mark. I was hoping this was the case. I sent an email to the email address they provided me with as i would prefer to get anything they say in writing from now on. If they tell me they can extend this (which i fear they might...) what should i do?

Hi starrysky

If they try to extend it, please let me know exactly what they say.

Mark

I doubt that they will starrysky.

I think the "minimum" probably applies if something changes or goes wrong.

Hi TDA, thanks for replying. Im sorry im a bit confused about your last statement. Are you saying that TDs are usually more than 36 months and only shorter under exceptional circumstances? Or does the fact that i signed documents stating i was agreeing to pay for 36 months mean that they shouldnt be able to change the terms?

Hi starrsky

The standard Trust Deed document states 36 months. It can normally be extended, at the start with your approval, if the figures dont quite reach the total to get it protected. It may also be extended if you have missed payments. It cannot be extended however at the will of the Trustee.

Mark

Thanks for getting back to me about this. I had a response from Invocas and they have apologised saying they were mistaken and that i do only have 10 months left. Thank goodness...dont think i slept a bit last night! Thank you both for your advice on this, i really appreciate it and this forum is a god send sometimes! [:)]

Hi starrysky

No problem at all. My pleasure

Mark

Just a little update from another email from Invocas. They have replied again since their last email saying:

"The estimated completion date on the annual statement you received is extended beyond the actual expected completion date by six months or so to take into account the time it takes for the closure process to be completed, this is done purely to avoid giving debtor's a false impression of when they might be discharged from their Trust Deed.

As I confirmed earlier, if contributions remain on track then the actual contribution end date will be 1 May 2013."

Seems a bit strange to me. Is this normal practice? I guess as long as i dont have to pay anything additional then that is all i care about!

Hi starrysky

I think 6 months is perhaps a wee bit too long to close the case, but as you say, not having to pay additional contributions may be the main thing.

Mark

Does seem a long time - lets hope they are just covering themselves and actually manage to do it much more quickly!

Hi Starrysky,

We have had a similar letter from Invocas(with yet another trustee, lost count of how many changes we have had). It is refreshing to you you got it sorted I will be emailing them again tomorrow. But alos very glad to be getting to the end, it will be good to be debt free but it has felt like a 3 years jail sentence. Last week after the glitch with the banks and my husband not being paid. we had 0.96 left in our account, horrible to be in that position. I know it is all our own doing to be in this mess but we are nearly there.[:)]

My last payment to Invocas was January, discharge and form 5 was February and I got a letter at the end of June saying that my trustee was completing everything. They aren't the quickest. They also took at bit of telling on the PPI issue. Hopefully everything goes smoothly - I'm sure it will.

Glad it all worked out .