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Scottish Trust Deed Forum
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Topic starter
22/02/2012 5:54 pm
I am 26 months into a 48 month trust deed. When my td was first protected my work continued to deduct my loan payment for my credit union loan that was included in my list of debts for 3 months. My td company advised me to reduce my td payment to them by the same amount that my wages were short due to the deductions and said they would claim that money back from my credit union. I have just received my annual review and it states my term has been extended to pay for the initial shortfall as they have not chased up collection of this. I contacted them and told them that I expected them to claim the amount from the credit union company and they said they will do it now. Surely this should have been done long ago.
22/02/2012 5:58 pm
Hi Mrs Mac
Yes, the onus is on the Trustee to collect this, not you.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
22/02/2012 6:01 pm
They said they will contact the credit union and chase this up but if they are unsucessful does this mean that my term will need to be extended, I have never had any problem with any of my payments except these 3 months when the td company told me to reduce my payment to them as I had paid the credit union company.
22/02/2012 6:04 pm
Hi Mrs Mac.
I doubt that this is going to turn out to be a problem for you.
My guess is that this situation, and chasing the credit union money back, was simply forgotten.
Now that it's all out in the open it would seem to be very unfair if you were in any way penalised.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
22/02/2012 6:07 pm
Thank you both for your very speedy replies, I have been reading the posts on this forum for the past year now and find it helpful and also very reassuring to know that I am not the only person in this horrible situation. Can't wait till it's over. Thanks again
22/02/2012 6:14 pm
I'm glad you've found the forum to be of value Mrs Mac.
By the way, you've just asked the 2000th question on the forum so you have become part of Trust-Deed.co.uk history!
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
