It's 36 payments, not 36 months.

In other words, it's about the amount you paid, not the time you took to pay it.

...nor does the date of protection have anything to do with it.

Fortunately I haven't missed a repayment and I just found a letter sent in November confirming I had made 28 payments up to 14th so looks like first payment was Jul 2008. My standing order leaves my account on 15th monthly so it looks like I have another month to go and last payment is June. Need to find out what happened to the 2 payments I made in May and June and see why they haven't counted against the Trust Deed. Could this be classed as fees?

I've just worked out from my last post that I have made 37 payments in total since signing in May 2008 and if they take another in Jun that'll be 38? I need to get in touch with IP to find out what's happening I think.

Presumably you set it up as a standing order so it won't stop until you cancel it at your bank.

Before doing so, I'd suggest you contact your trustee to make sure you've made all the payments they're expecting.

Hi neelia

Interesting that 2 payments seem not to have been counted. Where you referred the the Trustee by a firm? I wonder if they have paid the referring company. Please double check this as the Trustee is not allowed to set up an arrangement where you effectively make payment directly ( or indirectly!)

Mark

Hello neelia.

I'm thinking down the same lines as Mark.

In your first post you mentioned that you made your first trust deed payment to the "debt advisers". Can you remember whether this first payment (or payments) went to the same company as the one that is actually handling the trust deed itself?

There are some trust deed agents that will charge their client one or two "payments" in advance prior to passing the case over to the insolvency practitioner that actually handles the process. That could result in 36 trust deed payments being made plus any set-up fees (another month or two for example) paid to the agent.

Regardless of who paid who and how many payments you have left, i do hope Neelia that you have better luck than us, we are still waiting for a response from our trustees, a nightmare, we completed our td in March this year, still have no idea what's happening and no one to help! So good luck

Thank you all for your advice and replies. I contacted the Trustee this morning and queried the first 2 payments. May 2008 was an Admin Fee for the debt advisers and the second payment in June 2008 was paid on a pay in slip to the Trustee's account while the standing order was being set up. They didn't apply this to my repayment schedule but they have now so I have finished my 36 repayments last week.

Not sure what should happen now. Does the trustee settle with the agreed sum to my creditors and then discharge the deed in writing? I know it will take some times to establish a good credit rating again.

Floblack - not sure if you have finished all your payments or are getting ready to start them or are waiting for a discharge letter so maybe I could be in the same boat as you???

Hi neelia

This neither feels or sounds right. If you have set up payments to be paid to the Trust Deed account, then that's exactly where they should go. Not for referral fees or anything else. Once you have signed the Trust Deed NO payments should have been made to the 'referring company'

Please demand that they send you a full receipts & payments for the full period. It sounds like you have queried and they have agreed to close, based on the query. Please find out where the 1st 2payments went.

Mark

Hi neelia.

Congratulations to you on having completed the trust deed.

It should only take a few weeks for the administrative processes to bring everything to closure for you and there should be no issue for you in getting a letter confirming that this is the case.

Floblack seems to be being treated very poorly and everyone who reads her posts will sympathise with her frustration. It's very unlikely that you'll find yourself in the same boat and I'm sure everything will progress properly for you from here.

Hi Mark

A Taggart advise that 1st payment went to McKenzie Stewart. They visited me at home in May 08 to sign me up to the Deed and then it became protected at end June 08 so May 08 payment was their admin fee and then 2nd payment was first repayment to IP for Trust Deed. Are you saying McKenzie Stewart shouldn't have taken the fee?? Confused now. I will contact Taggarts in the morning and ask for receipts and payments.

Hi neelia

You're up later than me!!

AG Taggart/Mackenzie Stewart

When you signed the Trust Deed, how did you make the 1st & 2nd payment cash/standing order? Looking at the info, you signed a Trust Deed and paid 2 payments to the referrer while in the Trust Deed in the knowledge & consent of the Trustee, who then expects you to then make a further 36 payments!

On signing the Trust Deed, matters should be under the control of the Trustee.

Does your paperwork show any other payment to the referred from the IP?

Mark

Neelia, you must have begun your TD at about the same time as myself. I'm actually with the same trustee and went through the very same process you've described.

The first payment was made in cash, directly to Mackenzie Stewart - this was their admin fee (in hindsight I now realise I could have just gone directly to AG Taggart and saved myself some money!). The second payment was made at the bank via a pay-in slip and was the 1st of my 36 monthly contributions. All subsequent contributions have been via a Standing Order.

My final monthly contribution is due to be made next month - in light of the difficulties you're having however, I will be giving AG Taggart a call just to confirm this is also their understanding!