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Scottish Trust Deed Forum
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Topic starter
19/09/2021 12:27 pm
Hi my trust deed was due to finish in December. I took 1 payment break to buy a cooker & last year I was on furlough for 3 months so paid £126 a month instead of my usual £210. Will the reduced payments be added on at the end & can I pay them so my trust deed still ends in December.
20/09/2021 8:33 am
Morning Samara
You should run this past your Trustee to ascertain how they will treat this issue. Technically, you are required to pay a minimum of 48 monthly payments. Your level of contribution is based on affordability and it is therefore competent that your Trust Deed should end without the need to recover the balance of payments.
Hope this helps.
p
Recommended Partner & Trust Deed Expert - Ask me for help setting up a Scottish Trust Deed
20/09/2021 11:01 am
I think it is likely that the 1-month payment break will require to be added on at the end, but hopefully not the amounts reduced due to furlough. It is really up to your Trustee though, so you will need to ask your case manager.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
20/09/2021 2:55 pm
Agreed Kevin
p
Recommended Partner & Trust Deed Expert - Ask me for help setting up a Scottish Trust Deed
Topic starter
20/09/2021 6:01 pm
Hi thanks for the reply. I phoned today & I will pay the missed payment in January then the difference from the reduced payment in February & March
23/09/2021 9:49 am
Hi Samara04,
I'm glad to hear that you have resolved this matter.
I hope that you think this is a fair outcome. Best wishes for the last few months of your trust deed.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
