Hi Hoopsah.

We ask members not to add links to the site for a number of reasons. I'm going to amend your post in line with that.

It says this on the site's homepage:

"Learn how the Banks and the Courts conspire to rob you of your money".

So if you truly believe that the banks and legal system are conspiring to rob you of money this site might be good for you.

It says this on the About Us page:

"We aim to provide valuable resources and hope to offer a unique insight into dealing with debt, by acting honestly, lawfully and truthfully, which does not follow the advice of Debt Counsellors, Citizens Advice Bureaus or Financial Advisors".

So their advice is different to what you're going to get from the trained, professionally qualified and experienced experts that post here.

Oh... and they don't appear to be regulated.

Your choice.

LOL!

Thought it might be worth investigating though.

Sorry about posting a link, should have realised that it is not good etiquette

Not a problem Hoopsah.

Are you tempted?!

TBH, Part of me says yes I can deal with phone calls and letters, however, I am a married man with a mortgage and a small child so I think it would possibly be better to do things by the book and try to repay the debts.

Trust deed or DAS though???

That's a tough question to answer on a forum Hoopsah.

As an adviser I might speak to three people with quite similar circumstances. Each of them might qualify for a trust deed, sequestration and the debt arrangement scheme.

At the outcome of the advice process each of those clients might choose a different way to move forwards.

So the starting point is to confirm what options are open to you and to find out about all of the positives and negatives associated with each of them for you.

You'll then need to compare take that information and apply it against which factors are most important to you. Different people will naturally come up with different answers when it comes to this stage.

Hi Hoopsah.

I've been advising a client about their options and they were told by people not to pay their debts and eventually the credit card companies would just write it off. The person did and over the years the debt has escalated. I think actually a lot of people will all into this category.

It's about balancing up your options and what will give you a fixed timescale and light at the end of the tunnel. I'm sure many people are able to find a reason within a contract or procedure that means they may not be liable for the debt but it's the possible time involved and the risk that after it all the debt may legally stand and the company don't decide to write off the balance.

What I or any other expert on this forum can advise you on is dealing with your debts in a proactive way with plans such as a Debt Arrangement Scheme, Trust Deed or Sequestration. Even restructuring your budget, looking to reduce costs and avoid one of these plans may also be possible.

With any one of these plans you will have a fixed payment per month, a set timescale and an advisor who will deal with all of the phone calls and letters on your behalf. Sometimes I would describe myself as my clients ÔÇ£person assistantÔÇØ when it comes to dealing with their debts and creditor correspondence.

If it's a choice between a Trust Deed and a DAS then you need to balance up the timescales involved with both. If you can repay your debts in full in a timescale that runs close to 4 years then a DAS may shout out at you. If you're looking at a timescale that runs longer than a Trust Deed, 5,6 or 7 years then you need to balance up what's important. A lot of my clients will tell me they want to pay back as much of their debts as possible but at the same time don't want to be tied to something for a considerable period of time. It's a very individual and person choice that people make when deciding which option to pick.

A good knowledgeable qualified expert will be able to explain all of your options, the pros and cons and you can then decide if it's a Trust Deed or a DAS.