To
qualify for this service you must:
- Be a resident of Scotland.
- Have at least 3 creditors.
- And have debts in excess of £3,600.
The advantages of a trust deed to you is when the trust
deed is signed your creditors will no longer be able
to write to you or phone or approach you on the door.
Apply online NOW
A trust deed is not registered against your
credit file so your credit rating over a 3 year period
can only improve.
Apply
online NOW |
What
the creditors expect from you
- Full disclosure of all your debts.
- You must pay back at the very least 20-25% of your
debt.
- Although you will have a clean credit rating it
is advisable not to obtain any further credit.
If you own your own property you would be expected
to release a percentage of your equity to the creditors
after the three year term (equity is an asset and after
all you are expecting your creditors to wipe off up
to 75% of your debt). Apply
online NOW
Example
Monthly payment =£200
Total debt =£16,900
Monthly payment £200 x36 months = £7200
=25% off debt paid off
leaving = £9700= 75% off debt wiped off
|
