Hi David, will certainly raise this with Knightsbridge.
If TD is signed off my main creditors will be Clydesdale Bank and Birmingham Midshires (would also have Pounds to Pocket, Wonga and Vodafone in TD). Do you know if any of these are likely to demand longer term?

Clydesdale Bank would fall into this category, delboy69. Do they represent more than a third of your debt?

Hi Kevin

Yep, Clydesdale Bank represent around half the debt.(Loan/Overdraft/Credit Card)

H Delboy69,

I've dealt with Birmingham Midshires quite a lot recently and not had any problems with them. Clydesdale Bank are your run of the mill creditor and again there shouldn't be any problems with them either. Your other creditors aren't ones who normally have a problem with Trust Deed's so I see no reason why a Trust Deed couldn't be over a 36 month period for you. I would be pressing this point with Knightsbridge and see what they say. If they do say it can be over 36 months ask them why they didn't first suggest this to you.

That's one of the reasons we always suggest speaking with a number firms and advisors because not only the quality of advice and procedure can be different but also the fees and costs which can have a big impact on your payments and timescale. You want to ensure that you come away from the meeting with them with a full plan and picture of how your Trust Deed will work from start to finish.

The main thing is to get everything in writing. Timescale, payment per month and what will happen to any assets you have. That way there should be no surprises.

Have you been allocated a relationship manager at Knightsbridge to handle you case from start to finish?

Hi David

Yes, i spoke to someone from Knightsbridge on Friday (Kate something or other) and think it is her who will phone me tonight (thanks to the forum i've got a few things i cna raise now)
They, and Simple Financial, mentioned that there would be a final face to face meeting to sign off on the TD if im happy with it. I take it this is where i should see the written details you mention (timescale, payments etc)?

Hi Delboy69,

Yes, you want to see how much you will pay per month and how long your Trust Deed will last for i.e. 36 months and also if you have any assets how these will be treated in black and white.

In addition to this you want to ask what will happen if you receive a salary increase or if you receive a bonus at work what % of this they will look to take. You also want to ask how flexible they will be if you lose your job or if you need a payment break for an unforeseen problem. All of this is something that should be covered by the advisor as circumstances do change and you need to be aware of what will happen.

As long as you get everything in writing before you sign then there shouldn't be any problems.

Once you've spoken with them if you have any further questions don't hesitate to ask the experts and the views of other people who have been in a similar situation as you.

Thanks Guys, appreciate the good advice.

Your welcome.

Good luck and let us know how you get on.

Hi delboy69
We went with the coop 3 years ago and have had no issues with them, had to open over the phone but we were never asked about history or other bank accounts, as long as you run your account properly (ie) always have funds available as they have a 3 strike policy and will close account if you misuse this.
Be aware though the card states it's a visa debit card but it is actually an electron card so there are some restrictions where it can be used as couldn't get upgrade on mobile phone in shop and had to do it online as the store didn't accept it in store but apart from that it has been fine.
Hope this helps.