Helpful Advice for those in need

Champagne_2

I thought I'd take time to share my experience with others as I know how very difficult things can become when you're faced with a mountain of debts and have no idea where to start looking for help. Without going into too much detail, after facing up to my situation I realised I couldn't continue to live of my credit cards and had to seek professional help. This is where I think I can offer good advice, getting the right professional help is essential to solving your problems. There are so many sharks out there keen to make a buck from your misfortune. I spoke to the Consumer Credit Counselling Service (CCCS) who went through my income/expenditure with me and at the end of the call we determined the debt repayment plan wasn't for me. They recommended KPMG to me and set up a call to go over my options. Within the space of a few weeks, we decided to go for the Trust Deed option (Scottish equivalent to IVA), this has since been granted 'protected' which means my creditors can take no legal action against me. Whilst some may view this as an easy option it's not. I voluntarily gave up my home and my trustee will take half my income for the next 3 years which means most of my creditors will be paid a large fraction of what is owed and I will be debt free after this time. I can't recommend KPMG enough, they expertly took control of the situation and didn't judge me. I kept my dignity and for the first time in years I can sleep with ease and it's great to know that I can plan for future once this is all over with. I'm more than happy to help anyone as it's a minefield out there and looking back, I think the key is to find the right organisation who aren't out to profit from you but have a genuine interest in getting you on track.

GettingHopeful

All the very best to you Champagne and thank you for posting.

tigerfeet2006

Thank you for sharing your story with us Champagne. I am sure that it will put the minds of those just going through the process at rest to know there is still life after the event.