I've just spoken with a client who has been speaking with another organisation regarding debt advice. The organisation in question sent out an ÔÇ£agentÔÇØ to get the paperwork signed which was for a Trust Deed but didn't explain any other options to the client.

When I discussed Sequestration with the client they advised me that they were told that they did not qualify for this as their debts were not high enough and therefore no discussions took place - The client has debts in the region of £6,000+, has a low income and no assets.

To enter the Trust Deed, the client was told that their first two months payments would be a ÔÇ£set up feeÔÇØ. There is no need to consider paying this for a Trust Deed. Your first payment should be the first of your 48.

Following my chat with the client, they are now taking some time to consider all of their options and how best to proceed.

A case like this is difficult because I'm always conscious that the client may think that I'm trying to give them the ÔÇ£hard sellÔÇØ to get them on board with my firm. All I want to do is ensure the client is aware of ALL their options and has all the relevant information to then consider which option they would like to proceed with. I've signposted the forum in the hope that the client will do their own research and see all the options they have.

The problem is that whoever the client first speaks with they will believe everything that advisor tells them and trust them. A little like when you walk into the doctors room you don't check the doctors qualifications you just assume they are qualified and know what they are talking about so trust their advice.