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Scottish Trust Deed Forum
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Topic starter
19/09/2012 7:26 am
I make my last payment to my PTD in November and equity has been agreed upfront as to what I'll pay over. I'm confident I'll get this from a 3rd party, however is there a period as to when this should be paid? I'm keen to get discharged ASAP (pending any PPI..grrrr) but wanted to know of anyone else's experience, thoughts. before I contact my Trustee.
19/09/2012 12:04 pm
Given that many people pay off equity by extending their trust deeds by a couple of years, then I would imagine that there should be a fair bit of leeway to give you time to get your third party organised - especially if you are still making payments to reduce the equity figure in the meantime.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
19/09/2012 1:51 pm
Hi leeper1974
We also look at 2 years as a reasonable time period.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
19/09/2012 6:29 pm
Thanks everyone for replying. So basically, my last committed DD is in November then it's up to me to agree a timetable/installments (from 3rd parties of course ;-)) to pay off the equity?
19/09/2012 6:38 pm
Hi leeper1974.
That's right, it's something for you and your trustee to agree.
There's no need to wait to make an arrangement though.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
19/09/2012 6:43 pm
Thanks, at this stage I'm just working out how much I need to borrow and how much I can put away to decrease the amount too.
