Here you can find information about Trust Deeds in a number of UK locations. We offer our financial services to everyone is Scotland, England and Wales. If you see anything you'd like to talk to us about, please use the contact form provided.
A trust deed is a beneficial way of dealing with your debts which offers to save you up to 90% of money you owe to creditors. It is a very powerul and legal way to getting back on the road to financial stability. It is a very quick and efficient soloution to solving any unsecured debts you may have. It is a government legislation which has been put in place to help anyone who maybe struggling to pay back the full sum. It offers to have you fully debt free within a time period of 36 months.
What will it cost me?
You pay a certain sum of money each month and when it comes to the end of the 36 months the rest is legally written off. A protected trust deed avoids any intrest from being added on by creditors and stops them from taking any action against you. It is very quick to set up, taking between 5-6 weeks and after you have been set up your creditors are no longer allowed, by law, to get in touch with you. It reduces your monthly out goings and can allow you to start living to a better standard again, without the worry of only just making payments to creditors. Whats more is that you could have the trust deed paid off sooner if there is a 3rd party involved who are willing to pay in a lump sum.
What does it cover?
The trust deed will cover all of you unsecured debt i.e. loans, council tax, credit cards etc. All charges and intrest is frozen and therefore no legal action can be taken to get these unfrozen. We guaruntee to find you the best deal and wont take a penny.
How to get my trust deed. – once you have applied for your trust deed, a telephone interview will be put in place for a certain date, one in which will suit you. Then after the telephone interview, the appropriate documents will be sent out to you and then a date will be set for a ‘rep’ to come out to you and finalise the trust deed. After this, you make your 36 monthly payments and the rest is written off, with you walking away debt free.
Once the trust deed is finalised you will be subject to meeting these payments every month. You will not be able to receive any further credit over the 36 month period in which you are making payments to the trust deed. Also if you are paying into a pension you may be asked to stop doing so throughout the period in which you are in a trust deed. Any loans which are secured through your house or are in hire purchase cannot be included in the trust deed and will need to be paid off separately. Although your credit rating will be affected it you can build it back up once you are out of the trust deed, the trust deed also has less effect on your rating than sequestration would.