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| The independent answer to your debt problems | login join |
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Salia_
| 22-05-2009 06:29 PM |
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Joined: 22 May 2009 Posts: 1 | I have been in a Protected Trust Deed for 6 months and have been making the monthly contributions. I have just received a letter form my financial advisor stating that I am behind on 3 payments. It seems I have a bill for over £1000 for the Trustee fee's. At no time was I told about additional payments. Looking at my paperwork it seems to state that the Trustee fee's are taken from my monthly contributions. Nowhere in all my paperwork does it state anything about the Trustee cost of realisations being a seperate payment. I am with an established Financial Company. Unfortunately I only received the letter today and the company are closed for the weekend. Any advice would be appreciated to stem the total panic I am in. |
| paladin | 23-05-2009 06:09 PM |
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Joined: 06 Jun 2007 Posts: 240 My Profile | Hi Salia I don't understand how you can be behind if you have kept up with your repayments. Usually what happens in a PTD is that the IP will hold on to your monthly contributions then at the end of the 3 year period pay the creditors what is left after they have taken their fees. Their fees have been agreed with the creditors. I think you have cause for complaint if you were persuaded to go with the PTD company not knowing about any additional fees. P |
