Debt help

Rs1978

Hi i need some advice I'm in around 25k of debt and I'm 40. I have a low income full time job and a baby.
I'm my 20s I went daft with credit cards etc and I just buried my head in the sand.
I have a extremely bad credit rating and I have for years.

I do have a mortgage but I'd like to be debt free one day and have a good credit rating for my and my wee babys future.

I don't know to get a trust deed or dmp or anything or where to go can anyone give me some advice plz?

Oakdene

Welcome to the forum


Best place would be to start would be to post a Statement Of Affairs http://www.stoozing.com/calculator/soa.php



Be brutally honest then people will be able to help/advise.

National_Debtline

Hi Rs1978 and welcome to MSE,


As well as the SOA could you clarify if you are in Scotland or England/ Wales please as the law can vary.


A trust deed in Scotland is a bit like an IVA in England/ Wales. And a debt arrangement scheme is a bit like an English/ Welsh debt management plan (but with more protection). There may be other options as well, but with a property, we will need to consider them carefully to keep your home at the lowest risk.


Laura
@natdebtline

Rs1978

Hi i am in Scotland. After I get paid per month and pay all bills, car , food I'm left with 200 and that's not buying any clothes footware and trips out etc to have a bit of a life with