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Scottish Trust Deed Forum
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Topic starter
06/02/2012 1:50 pm
I have recently recieved my annual review from my IP. As i have posted previously I took out a payday loan for car repairs at the end of last year and i also had mortgage arrears. I was just wondering when i complete my review how would the IP react to me having took out a payday loan. The payday loan and mortgate arrears have now been paid of by a member of my family.
I so wish I had not took it out and will now speak to my IP should anything like this happen again. The whole situation is making me so nervous as I dont want everything to fall apart with the TD.
Chris
06/02/2012 2:14 pm
Hi Gibby30.
I'm not sure that there is anything to worry about in terms of the review of your trust deed.
So long as you are meeting your obligations there should be no problems.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
06/02/2012 2:25 pm
Thanks for the quick reply. I just get really nervous regards contacting the company i am with due to reviews i have read on here. I have made payments now for 12months so i have two and a half years to go. i so wish i had looked at other companies before signing up with the TD i am with as i also had to pay £500 as my home has no equity in it. Again by reading this forum that seems to have been a mistake too.
Chris
06/02/2012 2:28 pm
If the loan has been paid off already then I'm sure there will be no problem - in fact I doubt your trustee would even ask.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
