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Scottish Trust Deed Forum
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Topic starter
10/02/2014 11:10 am
Hi, I made my first payment on the day I signed my TD back in Feb 2012, but when the paperwork came through it stated 'please ensure you have sufficient funds of.....to meet the first payment due on first April...' Does the very first payment made in Feb count towards the 36 payments?
Was just checking everything in the final year of my countdown. Hope I'm not disappointed if it turns out I actually have 13 payments left and not the 12 I was expecting.
Thanks in advance.
worriedme
10/02/2014 11:13 am
Hi worriedme.
So long as that payment was into your trust deed, rather than some sort of payment to an intermediary, it should count towards your 36.
I'm sure it will be fine and it should be something that's very easy to verify with your trustee.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
10/02/2014 11:18 am
Thanks for your prompt response. It was made to TD, so feel better now. #128522;
worriedme
10/02/2014 11:42 am
Hi worriedme
I think the wording just means to ensure that there are sufficient funds for the forsy payment by standing order as opposed to the 1st payment generally.
Nothing to worry about.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
10/02/2014 12:04 pm
Thanks Mark.
worriedme
10/02/2014 1:54 pm
No problem, the last post should have read first not forsy!!
Fingers are getting too big for my keyboard!
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
