Hi there.
How many months bank statements do you need to send when entering a trust deed?

Hi Lou66 and welcome to the forum.

Well done taking the hard step of reaching out for advice and help to deal with your debts.

Couple of questions...

1. How much debt do you have?

2. Do you own any assets?

3. Have you went through a very thorough budget to work out how much you can afford to pay per month towards a plan?

I think it’s always a good idea to speak with a couple of companies and advisors to look at all of your available options and the pros and cons of each.

As long as you take you your time, ask lots of questions and feel comfortable with everything then things should work out fine for you.

Peter123 - it’s normally 3 months bank statements and 3 months payslips you have to provide.

Are you looking at your options to deal with debts that you have?

Welcome to the forum Lou66.

If you get chance to reply, it would be useful to know the answers to the questions that Swandog has asked.

They'll help us to reassure you that you're going down a good path, and possibly to help you compare the benefits/drawbacks of other debt solution options as well.

Hi Swandog, I have £10k of debt. Was unemployed for 3mths but now have a full time job.

Carrington Dean have all the paperwork as requested and given me a budget. Over the weekend I was thinking that they are rushing me. Spoke to a friend we looked at all pros and cons. I have not had any proposal to sign anything. So I can cancel all??

Hi Lou66,

Yes you can cancel if you haven’t signed anything.

You shouldn’t feel rushed into signing anything. You should take your time and make sure you are comfortable with everything. Once you sign a Trust Deed it’s extremely difficult to get back out of so you need to be happy with everything.

It might be a good idea to reach out to another firm for a second opinion which can help.

Is there anything in particular that worries you about the Protected Trust deed route, Lou66? Or is it just that it feels as though you are being rushed into this option?

As Swandog says, there is no need to rush into anything, and you shouldn't feel that you can't just let Carrington Dean know that you want to take more time to make up your mind. Please feel free to fire away with any questions/concerns you have and the experts here will be glad to answer them. There are also very many contributors here who will have been in the same position as you are now and am sure would be happy to share their own experiences.

If you want a proper second opinion based on your particular circumstances then please feel free to get in touch with myself or Sharon if you wish.