Welcome to the forum Monster1.

Realistically, there's nothing much that you can do to improve your access to credit until a trust deed has been successfully completed. Taking on further credit before discharge is much more of an immediate risk than it is a potential benefit for the future.

There's no general rule preventing you from accessing credit while in a trust deed, so it seems unlikely that your trust deed would be cancelled as a result of this. However, your trustee will make no allowance for you to cover the payment of new debt, so you might begin to find it difficult to maintain the repayments and cover your other household bills and expenses in the future.

Your trustee is entitled to review statements from the bank accounts that you operate. If you don't comply, they can go to the banks directly to get them. You might also risk being deemed as failing to co-operate with your trustee, which could have serious consequences for you.

Thanks so much, in the bank statements there is my mother in laws insurance money payment, we didnt declare this,I didnt think we had to, It was for just over £3000 and we had to pay for the flowers, purvey, debts of it etc. I am really worried they will see this and they will take my house.

Hi Monster1.

I think the key to this is to be really honest and open about everything with your trustee.

If you have receipts and other documentation then all the better.

When you signed the trust deed you gave your trustee the obligation to make sure that your creditors were treated fairly, so they have no choice other than to look into lump sums that you have received.

Hi Monster1,

Sorry to hear that you have found yourself in further debt.

The key here is to be honest with your Trustee and explain things to them.

As long as you can demonstrate that you didn’t financially benefit from the insurance funds and this all went to cover the funeral costs then there shouldn’t be an issue.

Speak with your Trustee and then let us know how this goes.