Trust Deeds - money probs - Scotland

DonRon

Hi,

My wife and I are in a situation where our income is much less than our outgoings. My wife works part-time as a staff nurse and I am unemployed getting ESA.

We have no savings and have a baby and another baby on the way.

What is the best way to reduce our outgoings on debts?

Is a trust deed the best way to go?

Any advice much appreciated.

lvm

Hello and welcome.

Congratulations on the baby!

There are probably a few different options available to you but to give the best advice, it would be useful to know what kind of figures you're talking about. Most people would suggest filling in a Statement of Affairs which will show you exactly where you are financially.

Have a go at that once you've got all the figures post it on here and we'll see what your options could be.

Take care!