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Final Payment

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(@thomasf2012)
New Member
Joined: 13 years ago
Posts: 2
Topic starter  

Hi all,

I signed a Trust Deed back in 2009 and the first payment was taken by the Insolvency Practitioner on 1st August. By my calculations the 36th payment will be due on 1st July - however the Standing Order expires on 31st August.

Am I right in saying the final payment will infact be on 1st July?

Thanks,
Thomas


   
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Mark McFadyen
(@mark-mcfadyen)
Famed Member
Joined: 17 years ago
Posts: 4798
 

Hi Thomas

Yes, if it's over 36 months then the final payment will be July

Mark

Mark is not posting regularly in the Trust-deed.co.uk forum.


   
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(@plasticdaft)
Noble Member
Joined: 16 years ago
Posts: 1594
 

unless it was set up by a middle man who takes the 1st 2 monthly payments as his fee. A quick call to your trust deed firm will clear things up,well done for getting this far,the end is well and truly in sight.

Paul

Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.


   
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(@thomasf2012)
New Member
Joined: 13 years ago
Posts: 2
Topic starter  

Hi guys, thanks for your replies!

I'm sure it was set up by one of those debt management companies who took their 'fee' the month before, as i can remember paying that from my debit card!


   
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