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31/05/2010 7:05 pm
Hi,
I entered a Trust Deed last May and was allowed to keep my car. Due to having cars supplied from work I sold mine and cleared the finance and increased the payments to my Trust Deed.
I now need another car and have informed my Insolvency Practitioner who said to apply for finance but let the finance company know about the Trust Deed. I haven't yet had a decision back as i only applied for finance on a car yesterday, but would telling them i am in a Trust Deed mean i will be accepted? All my outgoings have been under control since starting the Trust Deed and i would be able to afford the car no problem.
01/06/2010 9:24 am
I guess the only way to find out is to wait and see - please do let us know whether you arte accepted for the finance, tam, this kind of information is very useful to know!
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
01/06/2010 9:58 pm
Tam, we applied for finance through peugeot last year to purchase a new bigger car and were refused, but they allowed us to re-finance the car we have now. I figure they must have thought we were too much of a risk to give a new agreement to, but an acceptable one for the existing car!!
