J
Jessica wallbank
Wouldn t take advise from here
Wouldn t take advise from here I was advised a trust deed would be my best root to go down to resolve my debts What a nightmare it has been and I m only a year in My original trust deed company apparently went bankrupt how ironic the second company Carrington Dean have been worse to deal with than the debt companies themselves My circumstances changed half way through my trust deed living costs doubled and wage dropped and my account still hasn t been reviewed since I started the trust deed march 2020 to reduce my payments or end the trust deed I phone them every month sometimes twice to tell them I can t make the payment and am told things like well you really shouldn t of rented a house if you can t afford it like my only other option wasn t homelessness I feel like there were more options available to me such as the minimum asset process which would have taken 6 months rather than 4 years Trust deeds in general I think are a con if you don t have assets Stays with you for 6 years you can t get credit if you have assets these may need to be sold and you have to pay more per month All the same as bankruptcy so unless you are a director of a company I wouldn t bother with a trust deed My advice is do not listen to this companies advice they must make commission from passing people on to trust deed companies Speak with citizens advice or step change they will have you proper advice not just advice that benefits them Look into your options more yourself and be very careful if you go for a trust deed In my trust deed the companies I owe money to get about 2000 between 4 of them and the trust deed company gets about 9000 Companies shouldn t be allowed to make money from peoples debts I really don t know why trust deeds are a thing and I wish I had looked into it properly at the time but due to the stress and depression I just went with the advice I was given thinking they were being genuine Avoid