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Scottish Trust Deed Forum
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Topic starter
15/07/2010 7:50 pm
Hi, reading all this has picked my brain!!! On a more serious not I am about to move in with my long term boyfriend and i want to clear dedt in my name before we settle and start a family, just need a nudge in the right direction as to what is the best way to do this, as am estimate i owe about 20K and make ?ú1050 a month clear, my repayments to debts is around 450 and the interest is killin me! Please help!!!
15/07/2010 10:19 pm
Hi tuttie
Best if you give some more details of who creditors are, any assets etc and hopefully there will be a solution for you.
Regards
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
15/07/2010 10:50 pm
Hi my loan is tesco as is one of my cards I also have hbos credit card no assets in my name as staying with parents at moment till house ready to move . Thanks
16/07/2010 9:55 am
Hi tuttie
a Trust Deed may well be an option for you. On the information availabe, I don't think a debt management plan is sufficient and bankruptcy is a last option to look at. That then leaves Trust Deed or Debt Arrangement Scheme. The DAS requires payment of the debt in full over a longer period, with no debt relief whereas the Trust Deed allows an element of debt write off.
I suppose the solution depends on what you can realistically afford to pay per month
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
16/07/2010 8:10 pm
I can afford to pay 350 a month
17/07/2010 6:56 am
Hi tuttie
based on the level on debt and potential contribution, a trust deed is an option over 3 years. The DAS scheme also appears to be an option, although this would be closer to 6 years
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
