Hi Marty72.

If you're quoted a term longer than three years you should take a big interest in the fees. Often going elsewhere will result in a shorter term, though in some circumstances it can be justified.

I'd take an interest in getting advice you understand, information that helps you make an informed decision, from a firm that has earned your trust. These are all more important than the size of a firm. Creditors tell these firms what they'll accept, so the "clout with creditors" factor isnt relevant in our view.

The fees applied by any firm vary greatly from case to case according to the circumstances. At https://www.trust-deed.co.uk/fees.html the firms represented here by Mark, Shona, Kevin and Chris state that their typical fee range will be £2500 to £4500, though there will be exceptions. One well known firm seems to charge £7500 meaning that many of their clients enter trust deeds lasting longer than three years.

This forum is a mine of information. I did not even think about fees. In some naive way I must have assumed there were standard fees.

I met with one company who quoted me a figure to repay but my instinct was that it was very commercial and I was just a number. It felt wrong. I spoke with Moneymatters for advice and they recommended me to speak to another Trustee I am with now. The monthly amount was a bit less than the first, and he seemed much more 'human' in his approach to my circumstances.

If only those heading towards a Trust Deed could find this Site and Forum sooner to guide them on making the right decision.

Thank you for the advice and guidance.

Interesting, the fee stated on my trust deed is even higher than any you have quoted - I have a very long road ahead!

I didnt give 2 hoots about fees,which I probably should have done,but had done my homework on the company involved.

Paul