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Scottish Trust Deed Forum
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Topic starter
16/05/2012 9:43 pm
Hi guys, dont know if its been asked before but here goes anyway....my trust deed became protected in april 2012 so the count down has begun [:D], what would happen if i was to get a pre paid master/debit card or open a savings account and save whatever money i could over my trust deed period (i estimate saving about £900-£1000 over my 3 yrs as a treat for myself for sorting out my finances/life), would this be taken into account at ant point or at the end of my trust deed??
Thanks guys.
16/05/2012 10:14 pm
Hi There,
You can get a pre-paid credit card as it is technically not a debt, just gives you the features. I used one for business and talked to my TD about it and they did not see it as a problem. Saving is fine as long as you do not amass large sums or they will want a cut of it as you have to produce bank statements etc... the sums you are talking about does not sound like a issue to me.
Congrats on the protected TD.
Good luck.
TT
16/05/2012 10:48 pm
Hi got in to deep and welcome.
Good advice from TomThumb.
You can save from your expenditure allowances if you're able to. This is an especially good idea where possible as you will also have an emergency fund ready if it's required.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
16/05/2012 11:48 pm
Savings are yours to do with as you please. We use tesco online saving and the yorkshire bs as the co op turned us down for failing the credit check(yes even though no credit is involved!!!)
Paul
Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.
Topic starter
17/05/2012 1:00 pm
Hey guys, thank for the response...I will look into getting one now...I just want to be prepared for anything that pops up because we never know what's round the corner and don't want to borrow money as Im on the road to recovery!
Thanks again guys for your sound knowledge and advice.
