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Topic starter
16/05/2022 10:42 am
Having undertaken a 4 year Trust Deed in April 2018, I have found this forum so useful and informative. Thought I would post to let you know my recent experience.
My trust deed should have ended with payment 1st March this year but I (erroneously) thought it would be extended because I had missed/reduced payments way back in the beginning. I also thought that my trustee would have let me know when coming to an end (last review letter said trustee discharge date was October 2022). So I just kept paying after the 48 months. Imagine my delight to get a letter on Friday saying I had made my required contributions AND to cancel my standing order AND enclosing a cheque for overpayments! Wow - can't begin to explain how good that feels.
I was so prepared to be paying for another 6 months but havent really had much communication with Trustee during lockdown/pandemic. Is that really it over? Nothing on register yet and havent been asked for bank statements or any sort of review, but Trustee letter was dated 27 April. Do I just wait for Form 5 now?
Dell
16/05/2022 1:31 pm
That's great news, Dell2u - you should treat yourself!
Until you receive the Form 5 then you aren't yet formally discharged and it is possible that the trustee might want to do some kind of review before issuing that. However, I don't imagine they would have sent you out a cheque if they hadn't reviewed your payment history and concluded that you had paid all that you need to, so hopefully your discharge will follow soon behind.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
Topic starter
16/05/2022 2:33 pm
Thanks Kevin - thats what I thought. Well I'll cross my fingers that I will be discharged soon as it was beginning to feel like a prison sentence. Having said that, it was the ideal solution for my circumstances and my dealings with the trustee have been very straightforward from start to finish.
Dell
