Looking for advice/help

devils_vixen

Hi all,

I originally posted this on the BR forum but hopefully one of you may beable to help.

My sister has got herself in a bit of a financial mess.

Since 2008, she has managed to incur debts of almost £9K:eek:

She is a single parent and works part time. Thankfully all her household bills are up to date so that's a tick in the box.

Up until a couple of months ago, she was making the minimum payments to each of her creditors. She is the type of person to get herself worked up with worry and is now panicking what is going to happen.

Advice from CAB is LILA and upon looking this up, it seems to be a form of BR?

What I am wondering is would she qualify for a trust deed? We went over her SOA earlier and by the looks of it, she would have around £80 surplus per month? (I can post SOA if needed)

What we are unsure of is 'how much' you are actually allowed in your SOA for one adult one child?

I was reading someone's thread earlier and they were paying £11.00 per week to a trust deed? (This was an old thread)

Also is this another form of BR and does it have the same stigma attached?

It just seems daft if it is not a form of BR to go BR to then end up paying say £10.00 per week for 3 years when you could have done that in the first instance without actually going BR?

Should she send out a letter of offer to her creditors in the meantime as if BR is only option (hoping it's not!) she will not have the funds until November (approx) She has two doorstep lenders Provident and SD Taylor (Loans at home 4 u) who are meant to collect on a weekly basis. She is terrified to open the door to them as she knows she can't afford it.


Sorry for all the questions.

Thanks in advance