Hi,

I finished my normal 36 month trust deed at the end of February this year and it was extended for another year so that I could settle the equity. I was told by my trustee that I had fulfilled my 36 months and could now cancel my direct debit, but I had to set up a standing order for the same amount as I had been paying each month until the equity was settled. The trustee said I could pay in more at any time if I was able to so that I could settle the equity before February 2013. I got a pay rise at the end of April and I've been paying a bit more in to my trust deed as I'm anxious to settle early.

I normally receive a status report to complete detailing my expenditure at the beginning of August and when I didn't receive one this month I just assumed it wasn't required. However when I got home today I had the usual letter asking me to complete a status report.

Can you please tell me if it is standard procedure to receive a status report at this stage? I'm happy to complete it, but I'm a bit worried that my trustee is going to insist that I keep paying in to my trust deed until February 2013 even if the equity is settled before then.

Thanks