Take the first steps towards your new debt free life with TrustDeed4Me. Here's what you need to do!
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After being on furlough for 10 months and then being made redundant, I was seriously feeling the pressure. My debt levels were higher than they had ever been. Even when I finally got a new job, my debt repayments were crippling. I’m so glad I picked up the phone and called TrustDeeds4Me. Paul guided me through the process and was really understanding. I feel so relaxed about money now.
What A Typical Trust Deed Could Do For You:
Trust Deed Guides and Information
What Is A Trust Deed?
Only available to residents of Scotland, a Trust Deed is a legally binding, formal debt solution. It is designed for people who are struggling with debts of £5,000 or over.
Is A Trust Deed Right For You?
Whether a Trust Deed is right for you or not will largely depend on your personal situation e.g. debt level, number of creditors, affordability etc.
Does A Trust Deed Have Fees?
Setting up a Trust Deed does incur some costs; however, you will not be expected to pay anything up front at the beginning of the arrangement and there will be no surprise costs at the end of the arrangement.
How Does A Trust Deed Work?
A Trust Deed is a debt solution where you agree with your creditors to pay all or part of your debts. This agreement is set up and managed by a Trustee, who will receive an agreed monthly payment from you and will divide it amongst your creditors.
How Do I Apply For A Trust Deed?
Signing up to a debt solution is a significant event in your life, so it is important to gather as much information as possible, so you can make an informed decision.
Trust Deed Pros and Cons
Like things in life, Trust Deeds carry with with them benefits and things to consider. Take a look at our article to find out whether a Trust Deed is right for you.
Trust Deeds – Which Debts Can Be Included?
Many kinds of debts can be included in a Trust Deed. They are limited to unsecured debts but by solving your unsecured debt problems, you may find paying any secured debt much easier.
Debt Solutions
Minimum Asset Process
MAP is a debt solution that is designed for people who are struggling to pay their debt in reasonable time and may need portions of it written off.
Sequestration
Sequestration is a type of debt solution only available to residents of Scotland. It is similar to bankruptcy which is available to the rest of the UK.
Debt Arrangement Scheme
A DAS is a legally binding debt solution available to residents of Scotland. It is an alternative to a Trust Deed or Sequestration.
Debt Consolidation Loan
A debt consolidation loan can be an effective way of paying off debt to multiple creditors and combining it into one affordable payment.
Debt Settlement Offer
If you acquire a lump sum of money and you have troublesome debts, then a Debt Settlement Offer can enable you to pay that debt at a reduced amount.
