Hi everyone,
I voluntarily entered into a trust deed for obvious reasons. When i attended the office to provide my info & sign relevant docs, i was told i had to take an insurance policy to cover the time i was in the deed. I explained i had a policy that would cover all (£8.10 per month) but i they said i didn't have a choice & i had to sign for a policy @ £50 per month on top of the TD. This caused me great hardship as i was bringing up 3 children single handed, no maintenance payments, no partner, no husband, my parents are both dead a long time, friends all struggling with their own problems, no help from any quarter. However, i was working when i entered the deed so i got on with it.
A year into the deed, i know my job is coming to an end soon & i am yet again having to assess the situation. I realized not having this policy would have cut me some slack, so i contact trustee to enquire, why i need this policy ? They were so insistent, it wasn't a choice. In fact.......The Man dealing with my case on behalf of the Trustee, the man that had me sign everything & was looking after my best interest......asks me if i have an asda close by & if i go there i can purchase a ready meal for £1 for each of us would mean it only costs £4 to feed myself & the 3 children. Hmmmmmmm. He also told me, in utter frustration, that if i didn't pay the £50 to the policy, the £50 would go to my creditors instead........Hmmmmmmmm Forgive my ignorance BUT is that not why i approached you in the first place ???
I cancelled the policy IMMEDIATELY. This is EXACTLY what PPI is.....CAN SOMEONE PLEASE TELL ME WHAT IS GOING ON????? I went to get advice on managing my debt (accumulated through a redundancy package that they forgot to pay me for 2months) i am advised to enter a trust deed & they rip me off for £50 per month & through that myself & my children are forced into even more degradation ? NICE