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Scottish Trust Deed Forum
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Topic starter
10/05/2013 8:02 pm
Obviously not going to give away a lot of info cos I know my TD company are around on here, but in summary I am not happy with them.
Are they allowed to go direct to my bank and ask for copies of "recent" statements without my permission or knowledge? I don't want opinions of what they did, just let me know if they can or can't do this. If it was in the terms I signed that they can then fine, but to not let me know in advance is pretty devious IMO.
For a period I did a lot of extra overtime, but not for a while. Yet based on this they somehow want to more than double my monthly payment without any discussion on the subject, so basically that will mean I would have to keep doing overtime just to have enough to make future repayments! Surely defeating the purpose. Of course, overtime is never guaranteed.
Yet when it comes to them having their hands in the pot for their fees they are milking it and love to send regular letters letting me know they. It never fails to give me a nice warm glow. I know that it "doesn't matter to me as in the end the creditors..." etc but I am still paying for them!!
I am so mad right now, and can't even contact them til Monday now. I can't wait to get rid of this "trust" deed and them. Feel I picked a bad TD company and it's one of the larger companies too.
10/05/2013 8:20 pm
Hi graeme89
If your trustee has not received the information requested or feels the need to carry out a task which he seems will safeguard the interest of the creditors, then he can request the information directly from the bank.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
11/05/2013 12:07 am
Just because its a large firm doesnt make it a good one.
As has been said, , yes then can go to your bank for account information.
Paul
Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.
11/05/2013 11:49 am
Hi Graeme89.
Did you tell them about the extra earnings at the time?
Was there ever a discussion before the trust deed began about what would happen with extra earned income?
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
11/05/2013 4:14 pm
yes they can. they are entitled to a proportion of your overtime when it is paid.
Rob is not currently posting in the Trust-Deed.co.uk forum.
