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Scottish Trust Deed Forum
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Topic starter
14/05/2013 9:26 pm
Finally made my last payment this month!
It's been a tough road but surprisingly passed quicker than I expected.
If anyone is daunted by the length of a Trust Deed, don't be. It's worth the effort!
Just a quick question to anyone who can help-
I have paid my last payment but have not been officially released from my Trust Deed yet.
My mother is planning on buying a van for my business needs and I was wondering if I am safe to do this, or would it be at risk of being repossessed to pay more to the creditors?
Thanks!
14/05/2013 9:39 pm
Talk to your trustee to ensure this doesnt impact on the trust deed,shouldnt be a problem.
Paul
Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.
14/05/2013 10:07 pm
Another 1 finishes !!!! Thats all we're hearing on here over past few days......and in the words of Tony the Tiger...IT'S GRRRREAT !!!
Well done & good luck for the future !!
14/05/2013 10:17 pm
Congratulations morphon. It's great to be able to add your name to the growing list of recent "finishers" here.
I think Paul's suggestion is good. Talking to your trustee to prevent problems from happening in the future is always a good idea.
Another thought... maybe your mother could buy herself a van and lend it to you for a while?
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
14/05/2013 10:40 pm
Thanks very much for the kind words, it's much appreciated!
Also thanks for the advice, I will talk to my Trustee about this issue beforehand.
Cheers!
14/05/2013 10:44 pm
<----- & this person will be finished his trust deed in 19 days as well :o)
15/05/2013 7:50 am
Well done and all the best looking forward.
If your Mum buys the van and has proof and there is no formal document transferring it, the its will be fine as it will be her purchase. Belts and braces you could draw something up confirming that you have the use of it only. Even if the V5 is in your name, that doesn't show ownership, only the keeper of the vehicle.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
