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Scottish Trust Deed Forum
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Topic starter
07/01/2013 7:07 pm
Hi everyone,
Looking for a bit of advise here. I started my TD nearly a year ago, my husband started his 6 months later with the same company. We both had around £28,000 of debt each, however they have stated that he needs to pay nearly £70 a month more than I do and for an extra 6 months even though he earns £7,000pa less than I do.
When we questioned it, they claimed that Barclays as the main creditor insist he pays this amount and over 42 months. Does this sound right or is my husband a victim of a greedy trustee??
Can I just add that after paying his Direct debits and fuel for getting to work for the month, he's left with £100 a month for food, clothes, haircuts etc
Thanks
07/01/2013 7:29 pm
Hi Trixie1980.
Are you each being charged different amounts in fees for your trust deeds?
The details of the fees should be on your paperwork.
It does sound a bit strange from the information that you've provided.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
07/01/2013 7:45 pm
Never thought of that! I'll check our paperwork.
Thanks!
07/01/2013 9:02 pm
Something does sound a bit strange here, but without knowing all the facts it is hard to say. Did they try 3 years frat, and then change it to 4 after Barcalys objected ? £100pm does not seem realistic to live on, especially for 4 years!
Shona is not currently posting in the Trust-Deed.co.uk forum.
Topic starter
07/01/2013 9:14 pm
I don't think they even checked with Barclays, the guy came out and did the income/expenditure with my husband then the trustee called and said that's what the figure would be and said Barclays set the minimum payment at £317 per month. They quoted me the same figure at the start of my TD but then dropped it by £70 when I had a reduction in income which is why I thought it strange when my husband was earning less than me.
I'm a bit worried about my annual review as I have to buy all the shopping for the house to subsidise my husband as he's only left with £100. I don't want then claiming I'm spending too much at the shops and up my payments!!
Is it worth writing to them to explain the situation and show via bank statements how much my husband s left with?
Thanks for your help!
Topic starter
07/01/2013 9:20 pm
Sorry just re-read your post Shona, they claimed that due to the level of debt my husband would have to pay for 3 and a half years. He explained that I had the same level of debt, higher income, lower payments and was only in my TD for 3 years and the trustee claimed that Barclays are getting stricter with TD's and there was nothing they could do.
07/01/2013 10:38 pm
It still doesn't sound quite right Trixie1980.
Please let us know about the fees if you can find the details.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
08/01/2013 9:40 am
Is it a Barclays Partner Finance debt, Trixie1980?
If so, then it is certainly true that they have different acceptance criteria to many of the other major creditors. If they are owed a sufficient proportion of the total debt then your husband's proposals would have to meet their criteria in order to get accepted and become protected - this may sometimes mean having to pay over a longer period.
It should never mean paying more than is affordable however - there is no point in setting up an arrangement that is unrealistic as this will inevitably lead to problems.
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