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Scottish Trust Deed Forum
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Topic starter
15/03/2012 7:29 pm
Hi,
I am almost 15 months into my trust deed and feel its not the right solution for me. Can i get out of the trust deed and change over to DAS instead?
15/03/2012 7:35 pm
Hi carol57
No, only the trustee could discharge himself to allow this to happen.
I dont think i can think of a reason why someone 15 months into a trust deed would go back to square one, get all their debts back and enter a proposal which would start from scratch over a longer period.
Is there any reason for the proposed change?
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
15/03/2012 7:39 pm
have other debts not included in Trust deed and finding it difficult to manage. Have recently changed jobs and got a salary increase but have been trying to pay of debts with this, once review comes in I will be in rouble for not declaring salary increase
15/03/2012 10:21 pm
Hi carol57.
Were these new debts from after the time you signed your trust deed?
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
16/03/2012 6:31 am
some were money owed to family and some were payday loans which got out of hand
16/03/2012 9:07 am
I think you could do with a chat with your td company over whats happening. I assume they know nothing about the payday loans and other debts?? Do you think that your trust deed payments were set too high or was it specific problems that led to payday loans being taken out?
Paul
Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.
