It's difficult to comment on the differences in payments as it really comes down to a thorough income and expenditure.

If you can provide us with a little more information regarding your situation i.e. total debts, your income and expenditure etc that would be helpful and allow us to better understand the differences.

Hi notntodeedyet.

Measuring disposable income isn't a science. Certain types of expenditure are subject to acceptable ranges of spending. Some firms make allowances for things that other firms don't.

Some key points are:

1 - Any decent firm will know what creditors will and will not accept based on the criteria that they share with trustees.

2 - Firms charge different amounts in fees. This may influence their assessment of your disposable income to meet their own criteria as well as those of the creditors.

3 - Whatever the proposed monthly payment be sure that you believe that it will be affordable and sustainable in the long run.

Thank you have spoken to David so have a lot to think about just now and possible sequestration although i dont really know enough about it to make informed decision yet

It was good to speak with you earlier. As I said there is no rush to decide on what option you prefer. Take some time to think about things and have a browse of the forum over the next couple of days.

Sequestration is really nothing to be intimidated by and it can be very straight forward.

It says that Mark was last person to post on this but i cant see any comment from him!

If someone edits a post (perhaps because of a spelling mistake for example) they are listed as being the most recent person to contribute to a thread.

The date and time of the edit is recorded within the corrected post.

Caught!! It was a spelling mistake.

Mark

Lol shocking! That cheered me up a little anywsy

Also a couple of months ago I took out another card .included in debt, but have kept spending I was out of control . I'm scared this will go against me too. I really and truly intended to pay

I wouldn't worry too much about that, notntodeedyet. Whilst it isn't something we would encourage, it is quite common for people to have been using credit not long prior to entering into a trust deed and it wouldn't usually cause any issues as long as it is within reason.

Thank you that has put my mind at rest a little

MARK WOULD COME TO YOUR HOME FOR A MEETING . WE DID THIS FOR MY HUSBANDS TD AND ALL PAPERWORK ETC WAS DONE IN THE HOME. VERY HAPPY WITH HIS COMPANY[:)][:)]

Hi

Have a look at the Scottish Trust Firms listed on here and they have 3 recommended ones and a list of other ones.
I personally went with the 2nd recommended one and dont have a bad word to say about them!!!
They were great!!!
Hope this helps you

Thanks for the help. My problem was gambling online. That's why I'm in debt so much , pure depression that did it. I want to sort this out as I'm now 'awake' but I fear that the gambling will have gone against me. I am so ashamed. Have been in contact with David and taking it from there. I havnt told him this and he's on holidays til Tue. I'm an addict. All I want is to turn this around and start fresh. Have told partner partner everything and he is going to move in with me which will help immensely and I'm going to doc Monday to see if they can help. I'm so scared. Can anyone advise?

Hi notntodeedyet.

Trust deeds providers will normally exercise a little care (for the benefit of everyone) when gambling addiction is at the root of a debt problem. This is because a trust deed is pretty much doomed from the start if significant gambling continues.

I have heard of trustees looking for evidence that the addiction is being tackled with appropriate help. I have also heard of trustees wanting to be able to see a period of months elapse where gambling hasn't happened before going ahead.

I think talking to your doctor is an excellent starting point and congratulate you on taking this step.