Fair points Paul.

There isn't an issue with companies being mentioned here.
It's just that where a problem is mentioned in the forum we want to focus primarily on either solving the problem, helping the writer to solve the problem themselves, or helping the writer to understand why the situation is as it is.
I think we're pretty much talking about the same things here though.

Mark's point below about dealing with IFA's, double glazing firms and businesses in general is a very strong one. We do want to see trust deed firms working hard to make sure that their clients understand what will be expected of them if they sign a trust deed.
However, the individual signing the trust deed is the individual that will live with the consequences (often good consequences, but sometimes not as we read here) so they really should make as much effort as possible to understand everything before signing. As Mark says, asking loads of questions and getting things backed up in writing before signing goes a long way to ensuring that a trust deed works well for everyone involved.

Hi everyone,
Well as you can see mark has filled you in on yesterday meeting which i did not mind at all mark, I really am glad you have posted the conclusion of yesterdays meeting. i think sharing that experience for others was defentley a must as i know my whole post concerned everyone.

I want to thank mark from the bottom of my heart for his visit yesterday you went way above and beyond to come and see me and i must admit after speaking to you i felt a big weight lift off my shoulders and when you explained everything to me and answered my 101 questions it was all straightforward and simple answers. Unlike my previous experience.

I just wish i had came to the trust-deed.co.uk back then and got the proper advice i should have in the beginning.

When going through the paperwork yesterday i was even shocked when mark pointed out the 3rd party getting a sizable amount of cash from the trust deed itself for the advice which truly shocked me considering the original service i went to for advise on how to deal with the debts before transfering to the company for the trust deed originally was meant to be a free debt service. I seriously don't know how they can justify that. As i said to mark yesterday i was not in the right frame of mind when i signed the paperwork as it had not been long since laying my dad to rest so i should have been more carefull and really read into it all. In all my paperwork basically showed that my creditor would have only recieved about 2000 from the 10200 i was paying compared to just what i owed them was just under 14,000. The rest as you can imagine was going to third party and other aspects of the trust deed which would neither have benefit myself nor my creditors. After realising that i felt as if i has been well and truly taken advantage of 50% being my own fault.

I am now on the right track and am following the advise mark gave me including a new bank account which i started the process of yesterday afternoon after speaking to mark. So it's a good start. Mark is also sending me some more ifnormation on my next steps so look forward to recieveing that as well and We shall see where it takes me. Even though i probably wont be on my TD much longer i am hoping i can still post here on forum as i have found this place to be amazing, very friendly and full of information and i have learned a lot from this whole experience which i hope to pass onto others.

As i said to mark yesterday i never did recieve a call back from the td company i am with. So i decided last night i wont be wasting my phone bill any longer. i'm sure when my payments isn't recieved this month they will be quick enough to contact me for a change like they should have when i requested it. I know that sounds really harsh but they were all nice in the beginning but now its 6 months on when i wanted help and advice they didnt even have the decency to call me back when i requested it. Not how someone should be treated in this sort of situation.

As for the monies i allready paid i very much doubt i will see that again, A girl can dream that it will be clear cut and i will recieved it back but i am sure there will be a fee or two it would be held for so i would probably have to just write it off as a big £700 amount of bad experience. Lifes never simple lol

When i read back the comments from my last post i noticed some seemed very angered on how i have been treated. I am angry too but the company isn't all to blame i was vunerable at the time and i let them take advantage of my situation. In normal circumstances i think if i hadn't just lost my dad i would have been on the ball and questioned every move they made, so i take my own share of the blame for the mess i ended up in.

I would like to say this

Even though my experience through T Deeds has not been the best i still would defentley recommend this as a option to many who are in financial difficulties and check it is a suitable option for that particular persons financial situation. Trust deeds if handled in the correct manor and the correct information is recieved can be a big lift to those in financial difficulties. You Don't have to deal with the call's day in day out from creditors wanting this amount from you or that amount, it's all dealt with in one place. One payment.

I would defentley recommend speaking to one of the many wonderfull experts here at Trustdeed.co.uk. Since my first post they have helped me in leaps and bound's and it is something i will defentley not forget. They are the professionals for a reason, don't read my story and think oh no if that happened to her maybe that will happen to me. Every individual is different i unfortunetly was just given bad advise at a time when i was grieving. When approaching for information on a trust deed ask the 101 questions, make notes, reffer back to the those notes a hundred times if you have to, take one step at a time and seek with the professionals for the best advise you can get. Trust deeds are the way to go for many of people out there.

Hi Reidy1982.

What a wonderful post; one of the very most insightful and dignified that I can remember reading here over the years.

Please let us know how things develop from here.

Also, we'd be delighted if you chose to continue to post here in the future. Sharing experience in the forum is something that a lot of people tell us they really value. You clearly have a huge amount to offer to others in that respect.

Hi Reidy1982

I have to agree with Trust Deed assistant, but also thank you for your kind words.

I honestly don't think any decent firm/person would have let you continue in the manner you were previously advised.

I'll email you tomorrow with a wee update.

Kind regards

Mark

1st thing 1st-Stop the Rot? Looks like Mark's been able to advise enough for you to draw a line under this episode, gather your thoughts and look to a better planned (informed) option.
Well done and good luck!

So pleased you have a way forward Reidy,and once again well done Mark for going above and beyond the call of duty.

Reidy I am sure others will agree that the fact you have been in a trust deed means that you have an understanding many do not have and that can only benefit this forum,so make sure you hang around!!

Paul

How moving and I am a bloke!!

Reidy, good luck for the future and I hope you sort it all out.

Mark, lost for words honest! What a guy for doing that.

Thanks everyone will keep it updated as thing happen.

Mark quick question the bank account you suggested i went in and explained basic of the basic accounts they had, nothing fancy no frill so to speak and the women gave me the paperwork for cash card account said i had to fill it in and send it to the address and they open the account. I did that same afternoon after i saw you but i just noticed on the book that come with it that in little book at very back it says only Complete the application form if the following 3 statements apply to you. Basically the first one on the list is i am not currently bankrupt or in a iva. Has she gave me the forms for the right account you suggested then? sorry to ask i just wanted to be sure as i'd hate to have the account open then loose it and be back to square one again. I was going to wait till you emailed me with your update before asking but its actually been bothering me for last two days thinking its wrong account.

Hi Reidy1982

It may well be best to advise the bank of your position and see if they have something to suit.

I wonder if anyone on the forum can suggest an account which they have opened post bankruptcy.

I'll speak with you later today on the other stuff as i've now finalised this.

Regards

Mark

The Co-operative Bank Cashminder account is the one that springs to mind for me.

It's explicitly available to persons in both trust deeds and bankruptcy.

Even if you don't have a local branch it can be opened by phone or online, and you can use your local Post Office for banking functions that you might otherwise need a branch for.

Cheers Trust Deed Assistant. I didn't know that.

Ask and ye will receive as I suppose between us all, we're a fountain of knowledge.

Mark

Hi there,
Reidy1982's case sounds very similar to my partner's case. My partner is a blind lady. She has also undergone double transplant surgery and to put it bluntly was not in the best mental state after all of this. Her ex-partner used manipulation to get Tracey to apply for debt. He then left her once the money had ran out basically. Tracey's only income is from social security benefits. She was contacted by a debt company, which entered her into a Debt Management Plan. Not ever was Low Income Low Asset sequestration mention to Tracey. She would have jumped at the chance if this was put to her. While in the DMP Tracey struggled to feed herself! Then a company, namely (name removed) entered Tracey into a trust deed. Again, no mention of LILA. (name removed) not only took her benefit money (against AiB guidelines) but also falsified accounts, etc. We are in the process of initiating court action against this organisation. I would love to get in touch with the media over this case but do not have any contacts. Could anyone help?
Thanks
Pete

Hi and welcome to the forum

I'm sorry to hear about the case and particularly the circumstances and advice ( or lack of) provide.

I think you are following the correct channels the way you are pursuing this. IP's have authorising bodies and I would hope that they would look closely at this. In the circumstances provided, a LILA sequestration is the obvious answer. Nothing else.

I wish you all the best.

Mark

Hi

Barclays Bank will open an account post bankruptcy. The account is fantastic, but you don't get on-line banking for the first year. Tell them your situation, they are fine with it. I have many clients who now use Barclays, and are problem free. Barclays also have sessions at different establishments, such as monet advice centres, where you can make an appointment to open an account.e.g I know they go to Fife Council about twice a month and open accounts at the Council Offices for their clients.

God bless you Mark for helping Reidy! I hope her coffee was good?

Reidy - you've really had a hard time of it haven't you? I'm delighted that you're on the right track and can now put this horror behind you. I could have cried reading your posts. Keep your chin up and keep posting on here. We'd all love to hear more from you and how you're coping.

I opened a Co-op cashminder account after my bank account was frozen (that was a difficult time but we got there in the end). cashminder is excellent - debit card, online banking, no overdraft or cheque book and, best of all, fee-free!

Good luck!