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Scottish Trust Deed Forum
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Topic starter
28/10/2013 1:20 pm
Hi.
I am just over half way through 4 year PTD.
Total debt 27,000.
Recent PPI claims upheld and 23,000 being paid to trustee.
I calculate that my monthly payments to date total 7,500 approx.
This plus PPI money covers debt.
Aware that there are admin costs and interest above this.
Contacted KPMG last week to ask if TD could end earlier.
Was told it had to run full term and any money leftover could then be returned.
Any comments or advice please?
28/10/2013 1:24 pm
Hi Kath 56 and welcome to the forum.
Looking at the figures I suspect your trustee doubts that the previous and future contributions plus the PPI money will add up to enough to bring the trust deed to an early end.
The fees/costs plus the interest is likely to take the maximum amount payable a long way beyond £27000.
Do you know how much you agreed to pay in fees at the start? It should be on your paperwork.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
28/10/2013 1:37 pm
Thanks,
Will need to check paper work again.
Also have no idea how much (if anything) has been paid to creditors.
Am I right in thinking that i should be sent this info at least annually?
28/10/2013 2:54 pm
Yes, you should get a copy of the circular that goes out annually to creditors (the Form 4).
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
