As stated on the forum numerous times there is nothing stopping you from obtaining this card, if used appropriately, if it does not jeopardise TD contributions. I the trustee argues that if you have funds to pay the card, which he/she believes the creditors should benefit from via increased contributions, then this is something you shall have to argue with the purpose the card is used for.

thanks rob,but i dont understand why they are saying that i should not be doing this,when you experts(sorry if that sounds crude but its not meant that way )say that im not breaking any rules.i cant content myself until im free of this hassel.

You're not breaking any rules weebill, but in general terms (not specifically related to your situation) its just not a very good idea.

That's probably why it's being discouraged.

Rules are one thing, advice and guidance is another.

thanks amy i need to lie down,my brain is frying with all this nonsense.

Hi weebill

My advice would be to ask them to be specific as to why you can't use it. Ask what part of the guidance or PTD regulations prohibit this. Their answer will be interesting.

Never accept ' its wrong coz it just is' type of answers. Always look for specifics.

Mark

I'm inclined to agree with TDA on this one.

There may well be nothing in the Regulations, or the guidance, which says that someone in a trust deed can't get more credit.

Also, several people who post on here have told us that they have been able to get a Vanquis card (for example). They tend to use it for things which they would have bought anyway, and have already budgeted for. Then they pay it off in full each month, using the money from their budget.

The difference here is that someone in a trust deed is getting more credit, but isn't paying the money back himself, from his own budget. He's getting help from family to repay the new credit.

I think that a lot of people might say "you shouldn't be doing that" - meaning that it's not really a good idea. Not meaning that it's against the Regulations.

Hi candlewick

It's a good point. Unfortunately call centre type advice from companies results in people panicking thinking they have done something illegal or against the Trust Deed regulations, when as you say, it's something that perhaps shouldn't be done rather than can't be done. If that makes sense!

Mark

It makes perfect sense, Mark [:)].

But, in fairness to people who are answering calls - across the board - they're generally not allowed to be as blunt as saying:

"Whoa! You're racking up more credit that you need help to repay? Seriously?!!! You shouldn't be doing that!!!"

Most people would see that as commonsense advice. Even before you add in the fact that the person is in a protected trust deed.

It's possible that this enquiry was handled by a call centre operative who was reading from a script.

It is equally possible that it was handled by an experienced person, who was thinking "Whoa! etc", but unable to be that blunt. Leading to a misunderstanding, and weebill hanging up.

So, being blunt, I'll point out that there are plenty of caveats and warnings on this forum about taking out new credit when you can't afford to pay it back yourself.

Those caveats and warnings come from a variety of people, including forum experts. And they are on a variety of threads, including threads started by weebill.