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Scottish Trust Deed Forum
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Topic starter
27/02/2014 4:23 pm
hi I have been paying into a protected trust deed for just over 18 months and was wondering how long does a creditor have to make a claim for money they're owed?
27/02/2014 5:58 pm
Hi rudedogg1888 and welcome.
I think claims can be admitted any time right up until the end of your trust deed.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
27/02/2014 6:56 pm
ok thanks for your reply I was wondering as my current payments were worked out using an estimate which is about £7000 more than what the balance of my loan was and when I queried the amount they said the bank hadn't submitted a claim yet.
27/02/2014 10:26 pm
Creditors will normally be given until near the end of the trust deed period to submit a claim, unless the trustee is paying an interim dividend to creditors and requires all claims to be agreed.
If no claim is submitted, the trustee can give them a final time period otherwise their claim will be excluded.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
