Trust Deeds for Scottish residents
A Trust Deed is based on official legislation that is designed to help Scottish residents clear their unsecured debt.
It acts as formal agreement between you and your creditors where you agree to pay one lower, affordable monthly payment over a fixed period (usually three years). Once agreed, your creditors cannot add any interest and charges to your account. It protects you from creditor demands and, once the Trust Deed is complete, enables you to write off the remainder of your unsecured debt.
With a Trust Deed you could:
- Settle unsecured debts in just 36 months
- Only pay what you can afford
- Get protection from creditors
- Freeze all interest and charges
A Trust Deed is a solution designed to help people who feel their debts are out of control and is a real alternative to Bankruptcy (or Sequestration).
As a licensed Insolvency Practise (IP), Debt Advisers Direct could arrange a Trust Deed between you and your creditors so that you only have to pay what you can realistically afford.
Debt Advisers Direct will prepare your Trust Deed proposal and deal with your creditors.
Get Trust Deed advice today,
call: 0800 074 8639
Once accepted, a Trust Deed is considered 'protected': This prevents creditors from taking further action e.g. wage arrestment, debt collectors and bankruptcy, to recover debts due to them and as long as you stick to the terms you will be debt free within in 36 months.
We will take into account your own personal circumstances and find the best repayment plan to suit you. At the end of a Trust Deed the balance of any unpaid unsecured debts are written off..
To arrange a Trust Deed or to find out more information call today or complete the form on this page and our experts will call you back, free of charge.
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