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Scottish Trust Deed Forum
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Topic starter
24/05/2013 12:39 pm
Both my wife and I entered into a supposed three year Trust deed with KPMG in 2007, All was going well till near the end their bank changed the account number and stated paying my contribution back to me, my wife's was ok. It was a few months before I was informed of this so my TD was extended to allow me to complete payments. This was about the end of 2010. All we then had to do was repay the equity on our house as was agreed at the first meeting, this we did in 2011. It is now May 2013 and we still are not clear of the TD we have filled in multiple forms and had telephone interviews regarding PPI, despite numerous phone calls nothing has moved forward.
Has anybody else experienced this situation and if so did you find a way out.
Thanks
24/05/2013 12:52 pm
Sorry to here of your situation scotvip. KPMG have been mentioned quite a few times on here, so I don't think your alone. One thing - you're in the right place as the experts on here will offer you advice.
24/05/2013 1:05 pm
Welcome to the forum scotvip.
For trust deeds signed after 2008 your trustee would potentially have been able to discharge you while they looked into PPI claims. I'm afraid that as you signed in 2007 that isn't possible so your trustee will not be able to discharge you until that side of things has been completed.
I'd ask them for a full update on the status of your PPI claims as they may help to explain where things are currently up to.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
25/05/2013 12:36 am
Regardless as to when a TD was signed, pre or post 2008, given the amount of fees charged, is it not appropriate that Trustees set the wheels in motion for possible PPI claims at the start of the TD, thus having the term of the TD, which is a minimum of 3 years to conclude these matters. More and more often we are seeing these posts on here, it's very unfair to wait until the end is in sight and then start investigating possible PPI claims. Discharges are held up, in some cases for years (I know for various reasons), but surely the PPI complaints should now be put to bed. When someone gets to the end of a hard 3 years, they want to move on and start out afresh without this forever hanging over them at the mercy of a trustee..... just saying
Saabrina
25/05/2013 6:33 am
I totally agree with saabrina on this!!!
I was discharged well over a year ago but my Trustee has not discharged himself as he is looking into mis-sold PPI.
He had 3yrs to look into it so why wait and do it last?
