Monty196

Welcome to the club! We've all had our knuckles wrapped(metaphorically) by the ever watchful TDA. [B)]
Don't take it personally and....DON'T DO IT AGAIN!!

There's no knuckle-wrapping Pamjo!!

We appreciate that not everyone will have read the forum rules line by line when they registered for the site.

I know, I meant it in jest!

Please don't stop keeping us in line.

Hi Monty

I did exactly the same as you. I made online enquiries about 4 weeks ago and got information over the telephone when they phoned me back.

It seemed ok at the time, however I then looked on the internet and found a bad review of knightsbridge and Kensington.

They said they would send me paperwork but it was simply to get name, address , names of creditors, etc.

Their later texts said I would receive a visit from them and they would have paperwork for me to sign. I was very uncomfortable with this and cancelled the appointment. Particularly aster calling them and being told that they were simply a document collection agency on two occasions. I wasnt ready to have documents collected.

There should have been a more in depth and as suggested on this site, written confirmation of what you were agreeing to.

I have since had numerous calls from that firm and am now not answering their calls.

I would advise you to take more time to decide what to do and get all information in writing in the first instance.

The people on this site have been great.

Thank you for your kind words ann910.

The positive feedback on the site and people that post here is much appreciated and I'm delighted that you've found the site useful.

TDA's very strict, it's what we all love most about her. Sometimes I post a random link just to incur her wrath, then sit back and take my medicine [sigh]

Uncleben-there's a name for that!!

thanks for all your replies,i have this morning told kensington that i no longer want to enter into a trust deed.and to cancel my appointment.i got a bit of good news yesterday.i am getting a pay rise,that along with my decision to freeze pension payments for a while.will hopefully see us through to better times.but we will just have to suck it and see.for a while.if i need anymore advice,i will be back...thanks again

That sounds like great news monty196.

In that position I'd advise (if you haven't already) sitting down at home and writing down a good old fashioned budget.

On the one side list what your income will now become each month.

On the other side list all of your expenditure including your debt repayments each month. Remember to include something for things that you may not buy every month (road tax, clothes, car repairs, home repairs, annual insurance policies etc) and some of the more obscure costs people forget about easily (haircuts etc).

It's worth doing this as you'll either:

1 - Get some reassurance that if you stick to a budget you're going to be fine.

2 - Get an early warning that the numbers don't add up even with the pay rise. The danger here would be that the situation could steadily worsen over time.

that was my initial concern,that we would be in the red every month.but i have also looked into a part time job.and my wife will be looking for part time in august when her maternity pay stops.hopefully we are going to manage.i always do a budget,and its when you see it written down.you realise how skint you are.but as my wife said yesterday.there is a lot of people worse of than us.and they manage.thanks again for taking the time.

Best of luck to you monty196