Has anyone ever got any money back from a trust deed if it turns out that they have paid over and above what they should have ?, comments please.
Intresting indeed , thought there might be a ruling some where that you may be entitled to get back money which has been overpaid as the fiqure that you were told to pay was not factual. And if that money had already been used to pay creditors and trustee's fees what then ?.
Do you mean having paid back 100p in the pound of the debt,or paying back more than you originally thought you were going to pay?
Remember that you always owe the full amount of your debts until the trust deed is finished,only then is anything written off.
If your disposable income increases during a trust deed you may be asked to pay more into it that originally planned,also if you were to be left a sum of money in a will,that would be captured as a windfall with funds going into the pot for creditors.(if the sum was more than your original debt plus fees at this point you would be entitled to get money back).
Paul
Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.
ok , understood.
A refund from a Trustee!!!! Surley unprecedented!
I think it would only happen in cases where an unexpected windfall came into the trust deed and was sufficient to pay off the debts (plus interest) in full and the costs of the trust deed - eg lottery win, inheritance, PPI claim etc