Trust Deed Term

weeyin71 · 2011-08-17T11:39:00Z

Hi, I have been in a Trust Deed now for almost 1yr. Is there any legal length of time to be in a trust deed or is this at the discretion of the Company you choose to go with. Looking through this site has left me with a lot of questions. Many people have debt of £20k plus have an income of £15K plus and are only paying something like £170/ mth over a 3 yr period. My total debt is £11k, I am currently paying £150/mth over 4yrs and my total income is only App £500 per month through part time wages and Child Tax. I am struggling more now than when i was paying my debt. I was informed by my trust deed company that in the event of my payments being reduced should my circumstances change, the reduction amount would be added on at the end of the 4yrs. Is what they are doing correct? They asked me if i would recommend their company to friends and family .. there is absolutely no way!!

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tinsoldier

(@tinsoldier)

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Joined: 14 years ago

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17/08/2011 11:01 pm

Good luck weeyin71

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