A trust deed is a formal and legal binding agreement between individuals and their creditors which lasts around 4 years.
The Trust Deed should be 'protected' which means the creditor cannot chase you for the money or add any interest rates to your existing debts.
As we have years of experience and specialist knowledge, we can provide expert advice so you can find the solution that suits you.
If you are looking for a trust deed then our specialists are on hand to offer you their advice to guide you to find the right debt solutions. When faced with large debts, you may feel trapped and be unsure on the best ways to handle your financial situation. This is why our team are here to help you overcome the situation and manage your bills so that you can get back on track. A Trust-Deed is a formal agreement between you and your creditors to pay back what you can afford towards your debts.
If you would be interested in finding out more information regarding trust deeds then get in touch with our team today. We are more than happy to answer any questions you have and guide you to make the right choices to handle your debts. Just enter your details in the enquiry form provided and we will get back to you as quickly as possible.
A Protected Trust Deed is a formal, legally binding arrangement between an individual and their creditors which lasts for a period of 4 years although a longer period can be considered. It is a legal agreement which can only be carried out through a licensed Insolvency Practitioner (IP) who will act as the Trustee.
When you sign a trust-deed, you agree to make affordable monthly payments over a fixed period of up to four years to reduce your debts. At the end of the four-year period, any remaining debts will be written off. In other words, you will have nothing more to pay.
The trust deed should be ‘protected’, which means the creditors cannot chase you for the money or add any interest or charges to your existing debts. They are also unable to take court action as long as you keep up with the payments. However, if you fail to stick to your side of the bargain, your assets could be at risk and your creditors could start sequestration (bankruptcy) proceedings against you.
As professionals closest to you we are fully trained and qualified in order to give you the advice you need. Just talk to us now to find out more by filling out the enquiry form provided.
In Scotland you are entitled to apply for a trust-deed when faced with large debts. We understand that taking full control of your bills can be a very difficult situation and you may not always understand how you can overcome the situation. This is why we offer advice as well as trust deeds to ensure you find the answer to all your problems. As a Scottish resident, you are able to apply for a deed that will put all your debts into one place and give you a contract to allow you to pay of the debt.
If you have a debt problem, we can help you understand which options are available to you and will recommend the debt solution that is right for your situation. Our aim is to help you regain control of your finances. If you’re struggling with debt, it can be hard to know where to turn. But with lots of free advice services available across the UK, you can find help in a way that’s best for you.
Our professionals have the right experience and knowledge necessary that will allow you to make the right choices. You need to make sure that you are using a local debt support business that is trusted as you don't want to risk further debts and issues. There is not always a simple answer when it comes to handling your financial situation which is why we always recommend that you look at a range of nearby companies to ensure you find the right one for you.
If you would be interested in finding out more regarding trust deeds then get in touch with us today. Our team are more than happy to answer any questions you may have as well give you further details that will give you everything you need to know. Simply fill out the enquiry form provided and a member of our team will get back in touch as soon as they can.