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Topic starter
25/11/2016 10:45 am
I have recently been advised that one of my creditors has sold my debt to a debt collection company. I am looking into the possibility of ending my PTD by settling all debts in full and understood that for this to happen interest would have to be paid on the amount owed. In the communication from the debt collection company, who are aware of my PTD, it states that no interest or fees will be added to the amount owed.
Can anyone advise me if this only applicable if I *don't* end the PTD early, or only applicable to this specific debt because it has been transferred?
25/11/2016 11:41 am
Hi Bob33,
The creditor won't apply interest or charges to the debt but if you are able to pay your full debt plus interest and fees to end your Trust Deed early then it's your Trustee who applies the interest not the creditors.
It therefore only applies if you don't end the Trust Deed early.
David is not currently posting in the Trust-Deed.co.uk forum
25/11/2016 11:44 am
Hi Bob33.
I'm not actually sure that your trustee would make any distinction between debts that happen to have been sold and those that have not in the event that you were looking to bring your trust deed to an early end.
David or Kevin might have more of an insight into this...
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
25/11/2016 11:44 am
Writing at the same time!
Thanks David.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
Topic starter
25/11/2016 12:19 pm
OK, many thanks for the answers 🙂
