I don't see why this should be any problem, but you should get the agreement of your trustee first.

The other option is for your family to buy it and retain ownership but allow you to run it as the registered keeper.

Thanks for you're reply. I will contact my trust deed and discuss this with them.

Thanks again

I had to get a small payment break when my car blew up. Your trustee is there to help you through the trust deed,good times and bad so I am sure you can get this sorted.

Paul

Is it acceptable for someone in a trust deed or bankruptcy to have a family member buy or lease a car for their use? Is it ok for the person in a PTD/bankruptcy to make the payments. I ask because it is becoming clear that premium rates are charged as with insurance for those of us who have blemished credit files/poor scores?

If you could fund it from savings in accepted allowances then I see no reason why not.

Blemished........thats one way of putting it,but my credit file is colourful!!!!

Paul

Hi Pamjo.

I'm not sure that premium rates are charged for insurances for people in trust deeds or bankruptcy.

In terms of adding additional expenditure for a car payment, that would be a question to run by your Trustee if it would require an amendment to the amount being paid towards the debts.

If someone buys a car for your use during a trust deed or bankruptcy it might be a good idea for either:

1 - The purchaser to remain the owner, even if you are using the car.

2 - To seek the approval from your Trustee first and confirmation that the car will not become an asset that needs to be dealt with for the benefit of creditors.

I thought Hamish's input was around higher premiums for poor credit histories but on reading back it seems he was pointing more to some insurers restricting cover.

I was advised not to bother submitting an application for a lease on the basis that they offered prime deals/rates for prime customers only. I had a family member willing to pay 2 years lease payments up front and offered that to be told 'they'd worry you could disappear with the car and they'd never hear from you after 2 years'-regarding the finance supplier. It seems extraordinary that criminality is assumed, money laundering regulations were also cited! If I leased a car 2 years ago, I'd only be asked to make 2 payments at the outset and the finance company would have no guarantee They'd see me or the car afterwards. Hey ho - adjusting to life as a financial leper aint easy.