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(Another) Question about Trust Deeds
Green_Tea_2
Posts: 26 Forumite
I'm currently 3 months into a Trust Deed and have been told that work might have some overtime coming up soon :j
My question is this, I know they take part of any extra income earned but does that reduce the term of the Trust Deed or does it just mean that creditors get a bit more money and the length of the TD is still the same?
Any help is much appreciated! Thanks
X
My question is this, I know they take part of any extra income earned but does that reduce the term of the Trust Deed or does it just mean that creditors get a bit more money and the length of the TD is still the same?
Any help is much appreciated! Thanks
X
DFD: January 2015 :eek:
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Comments
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From what i have read it sounds like a fixed timescale,
http://www.cccs.co.uk/InfoCentre/Scotland/Debtsolutions/Trustdeed.aspx
http://www.payplan.com/trust-deeds.phpA trust deed is a legally binding arrangement between you and your creditors.
If accepted, they agree to a fixed affordable monthly payment over a fixed term (usually three years).
But drop these people a call and they will be able to confirm - https://forums.moneysavingexpert.com/discussion/2077631Although no trees were harmed during the creation of this post, a large number of electrons were greatly inconvenienced.
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