Hi Andrea73.

You will not be thrown off your trust deed provided that you stick to the commitments that you made. There actually isn't a rule against using credit.

Of course using credit while in a trust deed, as you're currently experiencing, creates many risks.

I'm afraid you will not be able to add this debt into your trust deed. It only covers money owed on the date that you signed.

I'm also afraid that your trustee is unlikely to be willing to make any allowance in your expenditure to repay this new debt either.

Normally the best way to deal with this will be to explain your repayment problems to the new lender, also your personal situation, and try to come to an agreement to make a small monthly payment to them until your trust deed has finished. Once it has finished you'd obviously be in a position to repay this particular debt quite quickly.

Hi Andrea73,

Have you continued to make your agreed payments to your Trust Deed? It would only be if you failed to make the agreed payments that it would start to cause a problem for your Trust Deed.

Unfortunately It's unlikely that this debt would be able to be included in your Trust Deed. Any debt that is incurred after you sign the Trust Deed you are liable.

I would speak with Vanquis to see if they are willing to take a reduced payment from you. They may be willing to freeze the interest and charges for a period of time.

Do you have long left on your Trust Deed?

As mentioned above, this is something only your Trustee will be able to deal with. It may be that Vanquis agree a reduced amount and possibly the Trustee may consider a reduction in the contribution amount to at least keep the Trust Deed viable.

Mark

Thanks for all your replies. Yes I'm all up to date with the trust deed payment. I've contacted Vanquis several times via there link on the website for Debt Difficulty and never get a reply. When I eventually get them they say they don't deal with those sort of correspondence as they are a telephone company!!! I'll get back in touch with them. Thanks again

Hi Andrea

Call centres are a nightmare at the best of times, however you should persevere and hopefully you will get through to someone willing to look at this for you and make a decision. It may also be an idea to sent them a letter explaining the position. At least that was you will have something concrete to show you are trying to deal with this.

Mark