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missing payments

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(@ibmstyle)
Trusted Member
Joined: 13 years ago
Posts: 78
Topic starter  

hi i wanted to ask that if i have missed a payment or more payments so am i still eligible for trusted deed and can i still start trusted deed?


   
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TDA (Debt Adviser)
(@tda-debt-adviser)
Illustrious Member
Joined: 16 years ago
Posts: 13594
 

Hi ibmstyle.

It makes little or no difference whether your debt repayments are up to date or not before starting a trust deed (or other debt solutions).

It's whether you can afford to pay your debts that matters more, along with what the best options for you and your creditors are.

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds


   
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(@saabrina)
Estimable Member
Joined: 14 years ago
Posts: 148
 

Hi
The current status of your payments is not a factor when considering a trust deed, some people are up to date with payments because they've robbed Peter to pay Paul, others haven't been able to make payments and are behind.
The important thing is that you pay what you can afford to pay, your current income and expenditure and your total debt are the deciding factors.
A good trust deed firm will know from your circumstances if you are likely to be accepted before putting a proposal forward to your creditors. Speak to one of them.
Don't rush in to anything, have a look on this forum for advise and choose your company wisely

Saabrina


   
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Mark McFadyen
(@mark-mcfadyen)
Famed Member
Joined: 16 years ago
Posts: 4798
 

Hi ibmstyle

Its a very frequently asked question. Missing payments will make no difference whatsoever.

Mark

Mark is not posting regularly in the Trust-deed.co.uk forum.


   
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