Hi blackpanther and welcome to the trust deed forum.

It's quite worrying that you've signed a lot of paperwork without fully understanding where you are in the process.

Have you heard from the trust deed firm at all?

Did you sign an actual trust deed document that you remember?

Ive got a copy of my proposed trustdeed and was told i would hear from my IP company which is knightbridge.a woman rang on thursday to say my paper work had been sent to them and that i would be kept updated..my heads all over the place with this at the moment

Hi blackpanther.

I might be missing something obvious, but I'm not familiar with any firm providing trust deeds called Knightsbridge. I think there may be a debt management company by that name.

I'd suggest you get in touch with them to confirm exactly what the situation is as soon as you can.

If you're feeling confused you may wish to double check things with a different adviser. Trust deeds and debt management plans aren't things to go ahead with until you fully understand everything. Most advisers would double check you understood everything before asking you to sign anything.

I went thro trustdeed scotland that advertise on stv i thought they would deal with it and with proper insolvency firm..it defo seems like a trusteed a?í i worked out my payments for 36month and have a copy of a proposed trustdeed etc

As I say blackpanther, I may be missing something.

Are you sure that's the name of the trust deed firm?

Hi blackpanther

I have heard of this company, I believe they are a debt management firm, who refer to an IP. I have only had one dealing with this firm, and hate to say it was not a good one for the client concerned. Unfortunately, there are firms who get the paperwork signed so quickly, you don't have time to think. This being the case, some of them hold onto the paperwork until you have made a few payments ( to cover their initial costs!). If you have not paid anything yet, they may still cancel everything if you tell them you have changed your mind......it is worth a try, but do it asap. This does not happen with reputable firms, as things are explained fully first, and only then do you sign the paperwork. Let us know how you get on.

Have u heard of a company called kelsom based in glasgow?

We know Kelsom and the advertised website you mention blackpanther.

It's the name of the trust deed firm you mentioned which is unfamiliar to me.

It was a man from kelsom who came ao done my home visit this week.it says on the terms of engagement form that kelsom ltd provide the service of undertaking a veiw of ur circtmstances,assising with drafting of your trust deed and advising u on management of ur affairs until its deemed protected status.

That makes sense blackpanther.

I'd suggest you contact them soon so that you can confirm whether you've actually signed a trust deed, and if so, with which firm.

Maybe it hasn't gone that far yet, though I (like you) would want to know exactly where things stand.

Thanks i will phone first thing monday morning..the form i have signed which i have a copy of is terms of engagement.

No problem blackpanther.

Just remember you are not fully committed to a trust deed until you have signed the actual trust deed document itself.

Make sure you know exactly how everything will work (and you have that in writing) before you sign. It's the best way to avoid unpleasant surprises later.

Hi blackpanther
Kelsom and Trust Deed Scotland are one and the same, they are a trust deed introducer who take your initial details etc and pass you on to an IP firm. I went through Trust Deed Scotland and for a 30 minute phone conversation they receive an introduction fee of £800 from my Trustee. I had a text message from them last week telling me if I recommended my friends to them for a trust deed I'd get £100 for each successful application. Seems a bit wrong to me.

Yeh i agree that does seem wrong to me aswell..can i ask how far are you into ur trust deed? Have u had any problems with goin thro trust deed scotland kelsom etc??