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Topic starter
18/06/2013 8:34 pm
I am less than a year from completing my trust deed. I require to travel away with over night stays, for my job, which will be on expenses. So I will need to pay it and claim it back. I have a company American Express card but it is not as widely accepted as visa or MasterCard. I decided to apply for a credit card with the nationwide for work purposes only. The application criteria states that you should not be in an IVA. It does not mention a Trust Deed. Not sure if trust deed would be considered the same an IVA.
Matt65
18/06/2013 8:42 pm
Hi Matt65.
I think it would, these two debt solutions are in many ways comparable and similar. Also Nationwide is hardly known for being helpful to clients in trust deeds. They recently removed access to their basic current account for example.
A few people here have had success with an application for a Vanquis credit card during trust deeds as well as after discharge.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
18/06/2013 8:57 pm
I also think that with the IVA being the English equivilant to the Scottish TD this is realistically not an option for you at this time. As mentioned above, and regularly on the forum our users tend to find the Vanquis card the best fit when in the Trust Deed, coming to the end, and in order to build credit again.
Rob is not currently posting in the Trust-Deed.co.uk forum.
Topic starter
19/06/2013 7:51 am
Thanks everyone for your advice.
I will try the Vanquis credit card and see how I get on
Cheers
Matt65
19/06/2013 9:25 am
It's a good point re the American Express card. I had one a while back and noticed more and more businesses were not accepting it. I'm guessing their charges are greater than other CC's.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
19/06/2013 10:00 am
Their charges are much higher than apply to Visa or MasterCard.
Someone I know doesn't use their Amex card at any local retailers any more because they feel bad about the serious chunk of money that the retailer loses to American Express.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
19/06/2013 10:03 am
Hi TDA
Good point. I can remember trying to pay for the bill (yes honestly!) at the end of a meal and being told they don't accept it. Nearly had me doing the dishes!
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
19/06/2013 4:18 pm
Nationwide didn't give me a credit card during my Trust deed. However, Vanquis did with a £500 credit limit. As TDA points out most people on here have been successful with their application to vanquish - worth a try.
