Thanks TDA

Just trying to see if I can see a ball park figure before moving forward.

Hi Hoopsah,

TDA has summed up how your payment is calculated and it's based on affordability and to work this out a thorough income and expenditure should be completed.

As we work to a set criteria with creditors then depending on who your creditors are you could look at a payment around £150 to £170 per month for a 48 month period.

This is really just to give you an idea of what the minimum payment might be around. You could end up paying more than this depending on your budget.

If you feel that a payment around this amount is too much based on your budget then you could consider an alternative option.

Really though, you want to sit down with a qualified advisor, work through a very thorough income and expenditure and work through all of your options i.e. Trust Deed, DAS and Sequestration. From this you will be able to see what options you have available and pick the one that best suits you.