Hi I signed my td on the 5 feb and I'm waiting
on it to be come protected I owe ?ú31 K but 23k of that is
With rbs loan overdaft and credit card, I'm going to be paying ?ú419
Per month and any bonuses I get, I'm just so worried if they say no I need to
Start all over again with this any advive would be great.
Hello bailey,
I'm sure your Trust Deed firm would not have taken on the case unless they thought there was a good prospect of success. Did they alert you to a risk that RBS might object?
The amount you are paying seems as though it will produce a decent dividend for the lenders.
No they said it should be fine its just because I owe the most that I'm worried
Have they got to go by guidlines or can they just decide they won't except
I'm new to all this and I'm very worried, any advice would be great!
Please try not to worry bailey, as trust deed assistant says there should be a reasonable dividend for creditors so on the face of it I would be very surprised if there were any problems getting protection.
Hi bailey,
I appreciate this must be a nervous time for you.
The lender will take a commercial view of the Trust Deed. By this I mean if it represents the best possibility for them to recover an acceptable proportion of the money owed to them they are very likely to accept it.
Most Trust Deeds do go on to become protected. On the left hand menu of this website you'll find interviews with our experts Julie, Kevin and Mark. One of the questions asked is about the percentage of cases their firms handle that go on to become protected. You may find the answers reassuring.
Thank you,