|
 |
Trust Deed |
Tust Deeds for Scottish residents
A Trust Deed is a form of Government legislation that is in place to help residents of Scotland with debt problems.
It acts as formal agreement between debtors and creditors, whereby after negotiations with the creditors they agree to accept a single lower affordable monthly payment over a fixed period of time.
When and agreement has been reached creditors cannot add interest or charges to an account. It protects debtors from further demands for payment from creditors.
Once the Trust Deed is complete, the remainder of debts can be written off.
A Trust Deed is an alternative to bankruptcy for people finding it difficult to keep up repayments.
Once an offer is accepted monthly payment are arranged based on what the debtor is able to reasonably afford and is normally spread over 36 months. The original debt can be reduced by up to 85% leaving the remainder to be written off
It is extremely important not to let your debts get any worse
Completing this form can only help
No cost & no obligation just free impartial advice explaining your options.
Act now you have absolutley nothing to lose
No cost & no obligation just free impartial advice explaining your options.
Act now you have absolutely nothing to lose |
If you have only one unsecured debt it may be a little more dificult to help but rest assured an adviser will do all he can to help.
Please read the following carefully
If you have only one debt it can be difficult to come to an arrangement with a single creditor for reduced payments.
The creditors know if you do not owe money to anyone else, any excess funds you have should be used to pay off this debt.
If you have more than one debt, you still only have the same disposable income but no single creditor can demand to be first in the queue and for this reason they are usually willing to negotiate.
If you have more than one unsecured debt please add it to the form as this wil help reduce your payments drastically.
If you have more than one debt with any of the following then they are are classsed as unsecured creditors and is should then be possible to help to reduce your monthly payments:
Credit Cards
Unsecured Loans
Catalogues
Store Cards
Mobile Phone
Over Draft
Arrears with Gas, Electricity or Water bills (as long as you are no longer with the same supplier)
Rent Arrears (if you have moved)
If you only have the one debt, your details will still be studied by an adviser in the hope that there may be a solution for you, so please continue completing the form.
| All information submitted is confidential |
|
|
|
|
Freeze all interest. |
|
Save your home and reduce monthly payments. |
|
Put a stop to the endless upsetting harassing phone calls from debt collectors. |
Contact |
Your only point of contact in the future will be your liaison officer, you will no longer have to deal with your creditors. |
|
Your appointed liaison officer will deal with all documentation and negotiations on your behalf. |
|
Your monthly payments can be significantly reduced and replaced with one simple affordable monthly payment. |
|
Freeze interest and reduce payments on unsecured loans. |
|
| |
|
|
|
|
