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Scottish Trust Deed Forum
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Topic starter
30/05/2015 2:52 pm
If me and my wife have Joint Debts, why can't my TD company give us a Joint TD, in fact I will answer my own question, its so that they can charge 2_fees, yes £4700 each that's £9400 for the 2 trust deeds, for joint Debt, Maybe I am off the mark here and maybe the experts will know if a joint TD is possible
30/05/2015 4:56 pm
Poprey.
It's because there's no such thing!
If you think that there should be you should bring it up with your MSP.
There's more information about how couples can work together to set up arrangements that will seem (in many ways) like a joint trust deed at:
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
31/05/2015 7:00 am
Thanks TDA, I wonder if there is a reason why there is not a joint TD, its not as if we wouldn't be paying back the same as we would with separate TD's it also means instead of the £4700 fee twice, it would be another £4700 to go to the creditors, am a wee bit baffled
31/05/2015 8:59 am
The joint option is available in DAS. This allows you to combine all debts from both parties under one formal proposal and pay the debts in full over an agreed period.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
31/05/2015 10:29 am
Thanks Mark, I just thought it was a bit strange paying TD fee's twice with Joint Debts, its a lot of money to pay on fees when the sane work could have need done with only one account and one fee
31/05/2015 11:53 am
I'm sure there was talk a few years back of doing joint trust deeds, but it never came to anything.
It could get complicated though when calculating & paying dividends though if everything was listed together.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
