debt management schemes-v- trust deeds

[janis6670]

which of these are better.also is it posible to find debt management without charges. it seems mad to add another debt on

[George1958]

Good afternoon Janis

 

I'm also a relatively new cagger, but I'll try to pass on my experience.

 

I contacted the Consumer Credit Counselling Service (CCCS), who are a registered charity, and they set me up on a Debt Management Plan (DMP) for my creditors.

 

I must admit stayed well away from a trust deed as it affected any equity I have left in my house.

 

One of the creditors have got a wee bit up themselves and have proceeded to take me to court, but there are a couple of avenues open to me take, including a Debt Arrangement Scheme. I suppose that it can be viewed as a step towards bankruptcy, but I prefer to view as a step away.

 

Please contact the CCCS, they are free, understanding and very helpful.

 

Regards

 

George

 

which of these are better.also is it posible to find debt management without charges. it seems mad to add another debt on

[IdaInFife]

some info, it will mailny differ on how much you owe and if you own your own home and how much you can pay each month

 

National Debtline Scotland | Debt Advice | Factsheet 22 Debt Arrangement Scheme

 

National Debtline Scotland | Debt Advice | Factsheet 20 Debt Management Plans

 

National Debtline Scotland | Debt Advice | Factsheet 21 Trust Deeds

 

ida x

[Andrew09]

Simple answer, depends whether you need debt management or debt relief.

 

Need more info to advise properly.

 

Hope this helps

[sequenci]

If you're a homeowner you should seriously consider avoiding Trust Deeds, read the above fact-sheets.

 

I would also advise on choosing a DAS over a DMP any day of the week; the added protection you get is well worth it.

[janis6670]

thanks for all your replies. I am now undertaking a debt management plan.

[sequenci]

thanks for all your replies. I am now undertaking a debt management plan.

 

who did you go with?