That’s a really good page TDA! Very useful.
Hi Grant, Was it over the phone you spoke with your Trustee about this? Normally a deduction is treated as a salary assignation and not based on...
You are welcome. I’m a little confused myself by your question about mortgage equity. In a Trust Deed if you have equity you need to organise fo...
Hi DW2015, If you are at the point that you don’t think you can make the debt payments this month then it’s a good idea to reach out to an Expert f...
Hi DW2015, If the equity is around those sorts of figures then a Trust Deed is certainly an option for you to consider. As long as the equity was p...
Hi, If you used the insurance money to pay off your Trust Deed in full plus interest and costs then nothing needs to happen with your share of the ...
Sorry I forgot to ask, I know you say all the unsecured debt is in your name but do you have a joint bank account with your wife? Also is she aware of...
Hi DW2015 and welcome to the forum. Firstly well done on reaching out for help and advice to deal with the £50,000 of unsecured debts. It’s often t...
Hi TonyB, Sorry to hear that you have found yourself in this situation. When it comes to a Trust Deed as Kevin has pointed out any equity in a p...
Hi Charmil6 and welcome to the forum. Like TDA, I’m sorry to hear about your diagnosis. Your Trust Deeds are separate and as it’s your health an...
Hi Grant, I suspected that would be the case with the salary assignation and the wage arrestment being treated separately. You are in a bit of a...
Hi Grant, I would double check with your Trustee what they have sent to your employer and put in place for the deduction of the payment. Also I’d d...
Hi Grant, Sorry to hear that you have found yourself financially struggling again. In relation to the payment to your Trust Deed, this probably ...
Hi Nicscotland, With £21,000 of debt and if it’s costing you £1,300 per month you are doing the right thing looking for options to help you. Do ...
cscotland and welcome to the forum. Having a guarantor loan can be tricky to deal with as if they don’t receive their contractual monthly repayment...