Hi Everyone

Been lurking on this forum for a couple of weeks.

Like everyone that has ended up on a Trust Deed, I have a debt problem.

I have had initial discussions with a debt advisor but I want to see some other viewpoints. 

My figures are likely higher than most trust deeds. Significantly I imagine.

My total debt level is around the £60,000 mark. I am on a salary of around £41,000.

With my income and outgoings I do not believe that I will be able to repay all my debts in a reasonable time. I.E if I applied for a DAS it would take me the maximum allowed 10 years at a significantly high figure. Which leads me to the TD option. 

How likely am I to be accepted with these types of figures? A ballpark figure that I could afford to pay would probably sit around the £400pm mark so would lead to significant write off. I have a high amount of creditors (all unsecured loans, credit cards, catalogues and BNPL, usual suspects).

At this point I still have a perfect payment history. Problem being I use credit to pay credit all the time and my credit cards at this point will show some luxury spend (just then timing of it). 

My credit cards aren't miles off their limits now and I need help with my debt problem. Its just got away from me the last year or two.

Is it a good idea at this point to contact all creditors myself and offer token repayments for a few.months. If I do this I will also apply for a Moratorium. 

What I am concerned about is being rejected because my I and E doesn't add up (I have been robbing peter to pay paul for ages and my bank statements are chaos. Or being rejected because I have recent spend which would be deemed as luxury. 

If I clip all my debt myself now and wait a few months before looking at a TD would that leave me in a stronger position as my bank statements would look cleaner and show a more realistic viewpoint of my day to day ins and outs.

One thing is for sure is that this can no longer go on. Any advice is greatly appreciated.