Hi
We are now 3 payments from the end of our trust deed and we are looking forward to our future. We have both received a letter from our trust deed stating she is "due to make a report to our creditors as to the conduct of our arrangement for the last 12 months and as to whether there is any change to your monthly contribution". In this letter she is asking for the usual paperwork (wage slips, bank statements etc). Is this normal as I have mentioned before we only have 3 payments to go? Any advice would be appreciated.
Gillian McIlroy
Different firms have different procedures but a pre closure review of this type is certainly something a number of insolvency companies carry out. As long as you didn't receive a pay rise that you didn't inform them of since your last review, it shouldn't be anything to worry about. Good luck with your final payments.