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Scottish Trust Deed Forum
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Topic starter
19/11/2010 12:46 pm
Hi
Signed my TD last week. I'm not currently in arrears (robbing Peter to pay Paul) and not looking forward to dealing with creditors now that I've stopped paying. I understand it is common practice for creditors to sell debt on. I wondered when, in the process, this is likely to happen and whose responsibility it is to make the buyer of the debt aware of the TD.
Regards
19/11/2010 1:03 pm
Hi snowball
Companies will normally advise of the Trust Deed when selling on the debt, so don't worry.
Any problems from creditors should be forwarded to your Trustee to deal with.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
19/11/2010 1:08 pm
Hi Snowball and welcome to the forum.
I wouldn't worry too much about dealing with creditor contact now that you have signed the trust deed. If you get calls refer them to your trust deed company. You could also forward any creditor letters to your trust deed company.
The debts could be sold at pretty much any point. The chances are that the seller of the debt will inform the purchaser about the trust deed. If you receive any letters regarding the sale of any of your debts you can again forward them to your Trustee. Your Trustee will then handle contact with the debt purchaser from there.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
