Originally posted by webberg
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But - here it comes, The Trust loan is sold/promised as not showing on your credit file, unsecured, and no payback final date. You are only ever asked to repay, not demanded. You are then expected to decline their option to repay, "now isn't a good time for me". It's apparently a "fiduciary relationship", unlike a bank. From my personal experience, I regrettably did 0% research into it, If i had, I'd never have joined the scheme. The promoter says (copied from google):
The trustee manages the trust's assets, a significant responsibility. The trustee's fiduciary duties include a duty of loyalty, a duty of prudence, and subsidiary duties. The duty of loyalty requires that the trustee administer the trust solely in the interest of the beneficiaries
I'm still going to (after settling) devote my life to getting the loan removed however.
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