Trust Deeds: Residents of Scotland only.
We can give full advice on trust deeds and if you qualify can arrange a trust deed for you with your local insolvency practitioner based in Scotland.
If an individual is unable to afford their payments to existing credit commitments they may have the chance to enter into a formal agreement setup by a fully licensed insolvency practitioner who will arrange the monthly payments acceptable by the creditors and affordable for the individual usually reduced payments over a 3 year period, thereafter the debt is written off. Any interest and charges on you're account are stopped.
These are schemes depending on the amount of credit you have, no of credit companies you owe, equity if you are a homeowner, affordable disposable income. Payments lasting 3 years. Any interest and charges on you're account are stopped. The law does dictate also you must be a resident of Scotland to qualify for a trust deed. Should you be successful some of the benefits are that generally cannot be changed by you or your creditors
You pay a reduced fixed monthly amount of debt agreed at the outset with no further debt to pay. Potential of taking further finance out like mortgage etc.
If you have taken any advice on trust deeds call or contact us first before you go any further using the apply form above, we look forward to hearing from you.
