I assume the old account was included in the trust deed?

Paul

Hi FF36

I wouldn't worry as it may take a bit to update the records. If it was included as a debt in the trust deed, then they will require to remove any post signing charges and submit a claim calculated up to the date of signing.

Best refer matters to the trustee to look at, however it won't be an issue.

Mark

Thanks, yes it was included in td.
So is it only creditors who actually make a claim who get any money at the end of this? I know it doesn't make any difference to me,I just wondered.

That's right FF36.

They need to make a claim which the trustee accepts.

Hi FF36,

It's common for things like this to happen for the first couple of months of your Trust Deed. It takes a little bit of time for the banks and other creditors to update their system and then close any accounts that you have.

Throughout the course of your Trust Deed you will receive letters from your creditors from time to time advising that they are adding interest and charges etc. This is nothing to worry about and generally just standard letters that they are required to send out.

As your Trust Deed is protected you really don't need to worry about your creditors, the threatening letters or any interest and charges that they say they are adding. Just focus on ticking off the payments each month and before you know it you will be debt free.

Hi FF36

Creditors need to submit a claim and provide paperwork backing up their claim before this is accepted.

It's one of the duties of the trustee to check the validity of each claim before accepting it. Creditors then get included for dividend payments. Despite what people think a number of firms pay interim dividends throughout the life of a trust deed and then make a final dividend payment at the end.

I'm sure it will be fine re the creditor and will soon be updated.

Mark

Thanks that is a relief.