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(@atlast)
Active Member
Joined: 3 years ago
Posts: 5
Topic starter  

Hi, my last TD payment due in July. I was advised I will get an email after last payment made and then sent to closure team. Advised closure takes 3 to 6 months. I was expecting 5 to 6 weeks. Is this the normal time can anyone advise? Thanks.


   
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Kevin Mapstone
(@kevin-mapstone)
Member Admin
Joined: 17 years ago
Posts: 4253
 

It is important to distinguish between your own discharge from the Trust Deed and your trustee's discharge. Yours should be able to be done relatively quickly after you have made all necessary payments. The Trustee's discharge can take a fair bit longer as they have to deal with tying up all loose ends, make payments to creditors etc.

It is your own discharge which is the relevant timescale for you - but perhaps when they say 3-6 months they are talking about the whole process including the Trustee's discharge?

Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.


   
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(@jimmi)
Active Member
Joined: 7 years ago
Posts: 11
 

My last payment was 1st April and stillwaiting patiently.

I check the register every couple of days


   
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TDA (Debt Adviser)
(@tda-debt-adviser)
Illustrious Member
Joined: 16 years ago
Posts: 13594
 

Hi Jimmi,

Have you asked for an estimate of when these processes will be completed?

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds


   
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(@jimmi)
Active Member
Joined: 7 years ago
Posts: 11
 

Hi, i got the 3 -6 months response a couple of months before the end.

I have just asked again because I just got an email from people acting for MyJar saying they are aware im not in a trust deed and asking to make arrangements to pay the outstanding balance. Forwarded it to trustee to ask them to deal.


   
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TDA (Debt Adviser)
(@tda-debt-adviser)
Illustrious Member
Joined: 16 years ago
Posts: 13594
 

No need to worry about MyJar Jimmi (as I think you know).

If the debt existed at the time you entered your trust deed there's nothing they can do.

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds


   
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