Buying car in trust...
 
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Buying car in trust deed

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(@ged55)
Active Member
Joined: 3 years ago
Posts: 7
Topic starter  

Hello
My current car has died and whilst in a trust deed my credit file is bad so can't finance a new one and have no spare income to buy one. If my partner was to purchase a car for me am I allowed to make payments to her to pay the car
Thanks


   
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Kevin Mapstone
(@kevin-mapstone)
Member Admin
Joined: 16 years ago
Posts: 4253
 

Hi. That should be possible, as long as a car is reasonably required and it doesn't affect your ability to pay your Trust Deed contributions. However, you would need to get your trustee's agreement first before you go ahead and do this.

Would you be looking to sell your current car as part of this?

Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.


   
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