Morning scotgirl, and welcome to the forum.

It's hard to answer your question without knowing how much you can afford to pay towards your debts each month. Have you worked out your budget?

Hi Kevin

Ive worked out I can afford to pay back about £120/mnth.

Thanks

Hello Scotgirl and welcome.

In principle, is it more important to you to:

1 - Repay your debts in full at an affordable rate or/

2 - Get out of debt as soon as possible

If you're currently working, what type of work do you do?

Hi Trust Deed Assistant,

A bit of both I suppose.

I do work part time. Im a cleaner.

Thank you

I'd say you have 2 real options -

1) repaying the debts in full at an affordable rate, probably through a DAS plan (at £120pm it would take approximately 75 months to repay £9k)

2) sequestration (bankruptcy) - you would pay whatever you can afford for 3 years and the remainder of the debt would be written off.

I'd agree with Kevin on this Scotgirl.

The one thing I would say is to work through your income and expenditure with a suitably qualified person before making any final decisions.

You'll want to know whether they agree that £120 per month conforms to creditor expectations. If the figure is different the appropriate and available options may also differ.

Thank you.

What are the downsides to both?

Hi Mrsstressed.

I'm a little confused. Are you posting using two profiles?

Or three?

Tut tut!

The forum should be a place for genuine people with genuine issues. As you can probably see, there are people going through life changing decisions looking for advice and guidance and a large number of the regular contributors give up their own time to discuss good and bad experiences, on the basis that these experiences will hopefully guide people in the right direction.

It may be that you have other questions & feel the need to be someone else to ask them, so perhaps benefit of the doubt in this instance.

Mark