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Please Help Me!
pink_dog
Posts: 3 Newbie
Hi all,
im in need of some advice. i took out a trust deed 6 months ago, i had to open a new bank account which had an overdraft included (this was before my trust deed was signed) i did not request it it was just there. anyway, the last couple of months have been hard and i had to spend money on the dentist, my car failed its MOT and needed work done and the cost of living has soared so much that even fuelling my 900cc car has become a strain. this meant dipping into the overdraft. but i have managed to make all my payments to my trust deed. i have a review now and im overdrawn, what do i do? will i get into trouble? im so worried, can someone please advise me
thanks
im in need of some advice. i took out a trust deed 6 months ago, i had to open a new bank account which had an overdraft included (this was before my trust deed was signed) i did not request it it was just there. anyway, the last couple of months have been hard and i had to spend money on the dentist, my car failed its MOT and needed work done and the cost of living has soared so much that even fuelling my 900cc car has become a strain. this meant dipping into the overdraft. but i have managed to make all my payments to my trust deed. i have a review now and im overdrawn, what do i do? will i get into trouble? im so worried, can someone please advise me
thanks
0
Comments
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Dont worry too much about the overdraft.
You need to draw up a i & E that is realistic for your review ie include a monthly amount for health costs, car expenses ect.
Hope you can get it sorted out.I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.0 -
Have a chat with Scottish Debtline - www.scottishdebtline.co.uk/ tel. 0800 138 3328
They are the Scottish branch of CCCS - I'm sure they will be able to help.I am NOT, nor do I profess to be, a Qualified Debt Adviser. I have made MANY mistakes and have OFTEN been the unwitting victim of the the shamefull tactics of the Financial Industry.
If any of my experiences, or the knowledge that I have gained from those experiences, can help anyone who finds themselves in similar circumstances, then my experiences have not been in vain.
HMRC Bankruptcy Statistic - 26th October 2006 - 23rd April 2007 BCSC Member No. 7
DFW Nerd # 166 PROUD TO BE DEALING WITH MY DEBTS0 -
Dont worry too much about the overdraft.
You need to draw up a i & E that is realistic for your review ie include a monthly amount for health costs, car expenses ect.
Hope you can get it sorted out.
But there is a part that says i have to declare the amount in my account, its minus just now, will they accept that? or do i just declare zero balance? i read somewhere that says you are not allowed an overdraft in a trust deed.0
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