that is totally normal. Nobody would go out there way to put themselves in our position, but it takes alot to admit there is a problem and you have overcome the biggest step in doing so. It will be hard but worth it.

Totally normal. Once protected, you feel relieved and then you feel a bit guilty about feeling relieved for not being able to meet your commitments. Then you get a bit stressed until you stop getting phone calls from creditors - don't worry, it will stop. Use the next 3 years to get used to living on a tight budget. Once you get to the end of it, you'll struggle to justify spending anything without going through some sort of 'should I, shouldn't I' discussion. Good luck with the next 3 years and you've done the right thing.

Hi dls

Your thoughts are exactly the same as most. Its the unknown thats the killer. Thats why it is extremely important that the firm you choose should look at all the options, cover every point and ensure there are no unanswered questions before you decide to proceed.

Mark

Hi dls, I've just joined now and I want to pay my debts and feel the same as you.

I've been struggling by for a few years now and in the last week I've realised something has to be done other than minimum payments.

Whilst the last few days of realising this has brought some relief, it has brought a different side of terrifying. I don't think equity will be an issue, but my employer's policy on this is very vague.

Best of luck.

Hi dls & Bert

Welcome to the forum both of you.

dls, your feelings are perfectly natural. Trust Deeds are a great tool for dealing with debt, but it is still a huge step for anyone. As Mark says, if you have discussed all the options, and have things in writing, then you should have nothing to fear. The best of luck.

Bert can I ask what kind of job you have? There are very few jobs nowadays where a Trust Deed would cause a problem. If it is an aiisue then it would normall be in your contract. Like most people, you want to pay your debt in full, but sometimes it is just not possible. You should sit down face to face with someone, and they will be able to go over all options with you; explain equity etc. That way you are making an informed decision, which is right for you.

Hi Shona, thanks for the welcome. It's a bank. Not one I owe anything. Contact centre. Although not cash handling I do have limited account access. Not one I owe anything.

I've looked through all the policies and "case by case basis" is the main solution. Though it does state "disciplinary action up to dismisal" is an option.

I really think the finance situation has held me back in my career with them due to my disposition over the last couple of years. At the least, they'd get a happier camper. It was certainly a factor in the break of my last relationship, but relatively minor.

I spent a great deal of today and yesterday reading the site and forum and feel more at ease whatever solution is the way ahead.

I've contacted someone from here and emailed my union.

Hi Bert

the fact that you don't owe your employer any money is certainly in your favour. It may be worth speaking to human resources, and getting something in writing on any action they may/may not take (even am e-mail).

Bit wary on speaking to anyone at work just now in case it raises any flags. Realise I will have to eventually. Probably wait on the union advice before I approach them.

Thanks again. Everyone on here is so lovely.