Hi All

I thought I'd start the New Year with, what I consider to be 5 points to look at if you are looking at a Trust Deed as a possible debt solution. In true X Factor fashion, these are in no particular order:

1. Research research research. Try and find out as much information as possible on all of the options available.

2. Ensure that the option is best for YOU and not the company you are dealing with. Remember debt is a business like any other and there are a lot of companies who will tell you anything to get a 'sale'

3. Ensure that you sit down face to face and chat through ALL the options and never ever sign anything at the initial meeting. I would be wary of companies who promise anything over the phone, who will not arrange to sit with you.

4. Ensure that all matters discussed are put in writing, particularly with regard to assets ie equity, cars etc and how these will be dealt with. Never accept the 'don't worry, it will all be fine' statement. Remember if the IP puts it in writing, then you have a very strong case if they decide to play silly buggers later. If they won't put it in writing, ask why not!!

5. Ask questions at the meeting. Draw these up beforehand and discuss them in depth. Have this in your home and don't freak at the thought of it. It should be an informal chat and nothing more. Like going to the doctors (probably not the best example!)

I know this is a repeat of the above, but make sure all options are discussed and GET IT IN WRITING.

Mark