That's a very good point pingpong.

Companies do seem to look at quantifying the equity in vehicles in slightly different ways.

It's one of these issues to agree and get confirmed in writing before signing a trust deed.

Hi CJK,

I think all of the firms on the forum will be able to set a TD up in time before the 28th.

With regards to your car, we would review the value of this in 3 years time and anything above £3,000 at that point we would ask you to pay over by extending your payments. If your car is worth less than £3,000 at that point then we would have no interest in this. Again I understand that the others experts firms on here look at the vehicle the same way.

As TDA said as long as you have bank statements, payslips etc then you should make it into a 3 year Trust Deed. Normally entering into a Trust Deed is done in person and if you work during the day it might need to be an evening appointment or weekend to get the paperwork signed in time with whichever firm you choose.

Hi cjk. Can I ask - do you own your home? If so, have the firm you are speaking to organised a valuation?