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Scottish Trust Deed Forum
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Topic starter
15/08/2010 4:19 pm
Hi
I am waiting on speaking to someone to see if a trust deed is best option for me so, as of yet, have not started anything with this.
I am trying to keep up to date with all my payments so now have very little money left for the month! I was going to get a wonga payment but would this affect my trust deed application if I do decide to go with this?
Also I am behind with two of my credit card payments, when the application is going through for trust deed am I best to be up to date with all payments or does it have no effect?
Thanks in advance.
15/08/2010 5:10 pm
Hi inahole
can you clarify what you mean by 'when the application is going through'
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
16/08/2010 12:14 pm
Sorry Mark. I mean if I decide trust deed is best option and get the ball rolling for this, will the wonga payment affect this?
and also when the creditors are deciding on granting me a trust deed or not, is it better to be all up to date with the payments?
16/08/2010 12:41 pm
Hello inahole,
The fact that you are requiring new credit to live on (after making your debt payments) is fairly clear evidence that the current situation needs to be addressed in one way or another.
I don't really think that it's appropriate to take on new credit that you already understand that you cannot repay. In certain circumstances this could cause significant problems for you.
Being behind on your existing debts, versus being up to date on the payments, will make no difference to the likely outcome of a Trust Deed or other debt solutions.
I'd suggest that you only make debt repayments that you can afford (leaving you enough money to live on) and seek advice as to the options open to you.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
16/08/2010 4:05 pm
Hi inahole
TDA is correct. It doesn't make a great deal of difference if you are up to date or not.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
