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Is it safe to go back to a bank you had debt with

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(@upnorth76)
Eminent Member
Joined: 14 years ago
Posts: 27
Topic starter  

once the trust deed is finished.

The RBS is 1 of my creditors, I hated leaving them but had no choice once i came to the conculsion that a trust deed was my only way out/even after speaking to local RBS branch manager, who knew i was in trouble but didn't offer to help. Anyway I really want to go back to them once i have finished my trust deed which by my calculation ends Oct/Nov this year. My question is: if they agree to a new bank account can they dip their fingers into my account to take money that was due to them, although TD would of been completed by then.

Oh and another quick question. I made my first payment to my trust deed back in Oct 2008 is it 36 payments from my 1st payment back in Oct 2008 as it will finish Oct this year, however i only became proctected Jan/Feb 09.


   
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TDA (Debt Adviser)
(@tda-debt-adviser)
Illustrious Member
Joined: 16 years ago
Posts: 13594
 

Hi upnorth76.

If you agreed to pay 36 payments into your trust deed your discharge should follow within weeks of making the 36th payment.

There's no debt owing to RBS once the trust deed is finished, so they're not in a position to take any from your current account if you open a new one with them (assuming that they're happy for you to open one with them).

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds


   
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