paying off trust de...
 
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paying off trust deed early

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(@kapap)
Active Member
Joined: 11 years ago
Posts: 8
Topic starter  

Hi there

I was hoping to sell some of my stuff at a car boot sale.

Say I made £200 and I forwarded it to my trustee, would that money come off my total I have to pay? Therefore, reducing the number of months?

Apex are my trustees.

Thanks


   
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Kevin Mapstone
(@kevin-mapstone)
Member Admin
Joined: 16 years ago
Posts: 4253
 

Short answer is no I'm afraid.

You have to pay whatever you can afford for a period of 4 years (or 3 if it was signed before November 2013) - its not that a certain amount is set in stone and your trust deed finishes once that amount is reached.

Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.


   
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TDA (Debt Adviser)
(@tda-debt-adviser)
Illustrious Member
Joined: 16 years ago
Posts: 13594
 

Nothing to stop you asking I suppose kapap.

However, as Kevin explains, it's probably best not to get your hopes up too much.

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds


   
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(@kapap)
Active Member
Joined: 11 years ago
Posts: 8
Topic starter  

ok
Thanks for clearing that up.


   
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