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Just signed for a trust deed

hi am new 2 this site and hav posted on here b4 but not sure were it went haha ive just signed up 2 a trust deed i hav no assets just my car which is worth 1500-2000 i guess the whole experience is dauntin but anybody with any advice would b appreatied any cons involed and how did u find the whole prosess thanx x

Comments

  • wolfie01 wrote: »
    hi am new 2 this site and hav posted on here b4 but not sure were it went haha ive just signed up 2 a trust deed i hav no assets just my car which is worth 1500-2000 i guess the whole experience is dauntin but anybody with any advice would b appreatied any cons involed and how did u find the whole prosess thanx x

    Hiya Wolfie. Start a new thread and tell us your situation in a little more detail, if you want.;)
    Better to be poor than a slave to wealth

  • hi headoutosand thanx very much for repling iv just found ur reply. i hav just sighned my information 4 a trust deed av bn told u hav monthly payments 2 pay 4 3yrs and ur cleared of all ur debt can it really b that easy? i live n rented acc with my 4 yr old boy i hav only got my car wich is worth about 2000 at most wot hapens 2 my car at end ov 3yrs hav i any extas to pay through out my three 3yrs debt soloutions hav told me no, i was wandering if people hav signed up 2 a trust deed and wot ther experience ov a trust deed was
  • fermi
    fermi Posts: 40,542
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
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    I've popped these in a new thread. :)

    May be better over on the IVA board, but will leave it here for now so it's easier to find.
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
  • thanx very much fermi this site a bit confusin 4 me a cant find my own posts av posted n it took me a while yesterday to find headoutosand so a send ma appoligies f im sendin them n wrong place ive noticed ur all very supportive ov one another on here which is great
  • fermi
    fermi Posts: 40,542
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    Glad you found it. :)

    The majority of people here are on the English system, so you may have to be patient for answers.
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
  • Lensman_2
    Lensman_2 Posts: 1,506
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    Wolfie.

    I'm an old fart - as it happens. And I am not going to patronise you by moaning about text typing (txt typng?) or telling you that fully typed Queen's english is the only acceptable thing on this, or any other forum.

    What I am going to say is that you will get better responses from more people if you type longhand. Even if it has spelling mistakes - that's no problem.

    It is easier to read, easier to understand and, therefore, easier to reply.
  • philnicandamy
    philnicandamy Posts: 15,685
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    Sorry wolfie but have to agree..... Lensman was reading my mind (i'm an old fart as well...)
    We all die. The goal isn't to live forever, the goal is to create something that will
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