Hi Luckysnoop

You dont have a £500 credit restriction in Trust Deeds, this applies to sequestration.

I think it will be difficult obtaining a credit card unless it is a pre paid one. That way you lodge money into the card and use the car in the same way as a credit card.

Mark

Hello Luckysnoop and welcome to the forum.

Like Mark I think you'll find it tough to obtain a credit card during your trust deed. There is a prepaid card with a "creditbuilder" function... I forget the brand name but hopefully one of our members will be able to share that with you.

We recently researched which credit cards might be available soon after a trust deed has finished to help rebuild a credit rating. That article is at:

(Article later updated to: https://www.trust-deed.co.uk/repair-your-credit-rating.html)

Thanks,
so I will try to get this creditbuilder card when I get the right info.

Just found it!!

It's the Cashplus Creditbuilder.

We don't seek to endorse it but some members have written positively about the option:

http://www.trust-deed.co.uk/forum/topic.asp?TOPIC_ID=960

Thanks for that, I will look in to it, not so sure about the £4.95 each month though. we just want to get a head start in building up a good credit rating again.

Capital One also have new card for people with poor credit. It is called the Luma, and gives 0% until January 2013. I have no idea how good it is, I just know because I keep getting emails at work about it!!

Thanks I have just applied for one of them so will let you how I get on.

I will be interested to see how you get on.

I know several posters on another forum who still had not been discharged from IVA's who has success in getting a vanquis card.

Paul

Oh well I got refused the Credit card today, no surprise really.