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Scottish Trust Deed Forum
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Topic starter
23/09/2010 8:10 pm
I have seven credit cards with high balances and I have not been able to pay the minimum amounts for the last two months. I have had the cards for about 13 years. The overall balance has came from 70000 to 42000 over these years. I am self-employed and work is slow just now due to the economy. I am being plagued with calls at my house an on my mobile. How do I go about getting a deal to pay these back like a trust deed, can I do this being self-employed? Need help, thanks.
23/09/2010 9:20 pm
Hi johnbolsk and welcome to the forum.
Sorry to hear that you are having a difficult time with work and your debts at the moment. The experts and hopefully other visitors to the site will try to point you in a useful direction.
There are a number of solutions available to deal with debts that have become unmanageable. As well as trust deeds there is the debt arrangement scheme, debt management plans, and even bankruptcy can be the right thing for some people.
A debt advisor or trust deed company can work through your circumstances with you to ascertain which of the options might be suitable for you and available to you.
The evidence of the forum suggests that there are some pretty poor debt advice operators out there so choose the advice that you trust carefully. Featured on the forum are three trust deed companies that have received good feedback from previous visitors. A number of other companies have been praised in this forum as well if you wanted to have a read through.
Do you own a property? How much do you think that could could afford to pay towards the debts each month after you have paid for all of your essential expenditure? This information may help to provide you with some initial thoughts.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
24/09/2010 8:27 am
Hi johnbolsk
TDA is correct, there are a number of solutions available, depending on circumstances, assets etc ans self employment shouldn't bar you from any of them.
If you can provide a wee bit more info on assets, proprty ownership etc hopefully we can point you in the right direction.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
