How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask JGM Your Own Question
JGM, Solicitor
Category: Scots Law
Satisfied Customers: 12179
Experience:  30 years as a practising solicitor.
Type Your Scots Law Question Here...
JGM is online now

Please help me .I was in a debt plan paying 200pounds a month

This answer was rated:

Please help me .I was in a debt plan paying 200pounds a month to companies.I was unhappy with the lack of correspondence and went into a trust deed .I have now sold my house and the trustees paid all my debts then refunded me the balance .my question is that they paid my creditors the original debt amounts with no deduction for the thousands of pounds I paid these two other an elderly widow this has left me so distressed and so much money out of pocket .please can you tell me how I can get this sorted as its making me so depressed feeling myself and my late husband worked all our life for nothing thank-you.
Thank you for your question.
You need to establish several things:
1. Why did the trustee under the trust deed pay the debts the original debt amount instead of the amounts due at the date of payment which would presumably take into account your previous contributions via the debt plan.
2. From the debt plan agency you have to get a full accounting of what you paid them and what they did with the money.
3. A breakdown of the trustee's fees. These appear to be abnormally high.
Once you have this information you will have a better understanding of the position and can assess what you are going to do next.
I hope this helps. Please leave a positive response so that I am credited for my time.
JGM and other Scots Law Specialists are ready to help you