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Scottish Trust Deed Forum
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Topic starter
10/05/2013 7:55 pm
what will my trustee do if they if they discover i have been using a vanquis card .i had no option as i needed to get necessietes and this company accepted me.i make sure it is paid off right away.im a bit worried incase they find out and say im breaking my agreement.as i said i was accepted and thought well why not as long as i pay it .
10/05/2013 8:28 pm
Hi weebill
Nothing at all. The trust deed has nothing to do with you obtaining a credit card. If you are paying this, then its of no concern to the Trustee.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
10/05/2013 8:38 pm
thankyou mark,i fully trust your knowledge.but as for some others on this forum i think they love scaremongering people which is shocking considiring were all in the same prediciment.once again thanks i wish i had used you for my td.
10/05/2013 8:44 pm
Hi weebill
No problem. I think the forum highlights people's experiences and unfortunately there seems to be variations on how diffetent firms interpret the legislation/guidance we work under.
Even after 26+ years doing this job ( since I was 10!!) I'm still amazed at the things I see & hear.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
10/05/2013 9:12 pm
I'll second that Mark! Some of the things I read on here and hear about shock me.
It's nothing to worry about weebill as long as it doesn't impact on your Trust Deed payments and get out of control.
David is not currently posting in the Trust-Deed.co.uk forum
Topic starter
10/05/2013 9:35 pm
thanks david.wee all need to help each other whatever way we can.
Topic starter
10/05/2013 10:01 pm
mark,what will happen if they see on a recent bank statement that i have used credit.i had no option as i was struggling badly to put food on the table.
10/05/2013 10:21 pm
There's no rule against using credit weebill.
At the same time, no allowance will normally be made to assist you with the repayments. That's what makes it risky really.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
11/05/2013 12:03 am
If your allowances are so tight that you have to use credit to get by then something needs done. Have you had a recent review?
Paul
Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.
