Hello collywobbles.

Don't worry too much. There's no rule about being in a protected trust deed that says that you cannot use credit. If nothing was owed on these credit accounts when you signed your trust deed there was no need to make anyone aware of them.

Whether it's a good idea to use credit is a different question of course. It sounds like you've been thoughtful and careful, but in general terms there are obviously risks involved with this when living on a comparatively tight budget.

Thank you so much TDA. Phew !! I thought I'd blown it. SO money concious now you wouldnt believe it. My Dad keeps my credit card in his safe ! and I went through the third degree when i needed it for business. That's the only reason i'd use it as I didn't want work colleagues to be aware of TD. Not going down that route again don't worry. Just some things you can get in a catalogue for better prices than on the High Street which is always good when on a strict budget and purchases are insignificant enough to fall within my budget !! I wish i'd gone down the TD route sooner. Amazing with my money now, just can't wait till it's ALL mine ! 16 months to go !!

I'm sure that time will pass quickly collywobbles.

Glad to hear that my reply has provided some reassurance!

It's actually a common question. There are credit restrictions in Sequestration, however these do not apply in Trust Deeds. As long as there was a zero balance at the date of signing then these can be excluded. Any use after that date will obviously be your responsibility.

Mark