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Topic starter
09/07/2011 6:27 pm
I am in my 2nd year of a protected trust deed.
I recently got involved with a pay day loan company and now owe them just over £1,000. I have talked with them which has not helped and now I just cant pay any more. I told the people that deal with my trust deed about my problem but although sympathetic they cant help.
I am now really worried and dont know what to do
09/07/2011 8:06 pm
Hi telford1.
I'm afraid there is no magic bullet we can give you here.
My advice would be to keep trying to negotiate a reduced monthly payment with them. If they don't accept a deal, send them the offered payment anyway as they have to accept it and bank it against your account.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
09/07/2011 9:35 pm
Thank you for your advice, I know I made a mistake getting involved with the pay day company. I do realise it is my responsibility and I should not have taken a loan,I just cant manage the re payments anymore.
I will offer and send them a payment and bank it against my account.
I will see how this works out, thanks again
