yes I know I entered a legally binding arrangement but never thought this would happen paying an extra £5000 extra cause your wages increased,well anybody reading this who has entered a trust deed and has an opportunity to have a job with better wages before you joined the trust deed expect to add another £5000 or so on to your depts.

Who do you consider should pay the fees in these circumstances?

Should your creditors pay them?

Or should your trustee simply not get paid?

I've written up letters regarding my trust deed to be sent out first class recorded to my trustees and copies bring sent to Westminster and holyrood absolutely disgusted about the way my trust deed has been handled, thankfully a good friend has given me Valium to get me through weekend until I get to see my doctor tuesday although I still haven't been able to sleep since last weeks bombshell, also writing to my trustees governing body as I'm pretty sure if he's practicing trust deeds in Scotland then he should be fully aware and trained in managing them otherwise he's fairly incompetent, whrn you meet all the obligations and rules set out my your trustee and fully comply you expect they are instructing you to do so by law, if I'd known they didn't have a clue id have blown the money I got for my redundancy in treating the kids and gone for the bankruptcy route as I have no intention of returning to work as I've been selfish and career driven all my children's lives so far and it's made me ill and time to do what other mums have find for centuries and stay at home to look after my kids and look after my own well being. Last year is have recommended a trust deed to anyone and did to many people now on the other hand I'd recommend against it

well Amy you work for this mob and stick up for them but the end of the day you would be saying the same thing if your were getting robbed,

the trust deed advertise about helping people !not putting families under pressure

I note that you haven't answered the question.

I've spent part of my weekend trying to assist you and help you to avoid making a decision without understanding the potential consequences.

So why are you attacking me?

Good luck whatever you do.

sorry amy just pissed off

Karma to TDA , you level the field .

Why don't you just accept it. You took the risk and things turned out better for the creditors. If it was the other way around there wouldn't be an issue.

Hi Brido,

Hindsight is a wonderful thing and sometimes I look back and thing why did I do something or enter into something.

I can understand and sense how frustrated you are feeling about everything at the moment.

How many payments do you have left under your Trust Deed? When you say that your payments are going to increase, have you worked through a thorough income and expenditure with your relationship manager to see what your payments will increase to?

At the point you entered the Trust Deed I assume your options were pretty limited and that at the time it seemed like a good option to proceed with. You would pay back a small proportion of your debts and you would be debt free in 3 years. A prospect that at the time sounded ideal.

Should a client's circumstances change for the better i.e. an increase in income then their payments can be increased accordingly and therefore creditors receive more of their money back and if possible 100p in the £. The downside to this for a client is that over and above this, they can be required to pay the fees due to the Trustee.

It's unfortunately not going to be as easy as coming out of the Trust Deed or for it to be cancelled. Like you have acknowledged, you have signed a legally binding agreement.

I don't agree with you view on a Trust Deed being a complete rip off. I think that if set up correctly and for the right reasons and circumstances then a Trust Deed like SkintAlly has advised does help to write off the debt that someone can't afford to pay back.

I think it would be a good idea to try and discuss your increase in payments, go over a thorough income and expenditure and this will determine how much you will pay per month. If you have a couple of payments remaining you could try to focus on those and completing the Trust Deed. You could also discuss your concerns over fees and advice at the start and your Trust Deed.

I wouldn't suggest cancelling your payment as that may cause further problems.

Speak with your Trustee about things and let us know how you get on.