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Get the right advice from TruSolv on whether a Trust Deed is the right solution for your debt issues

Are you a Scottish resident concerned with unmanageable debt issues? Have you investigated all debt management solutions available to you? Do you want to take positive steps to addressing your personal debts?

Help is available from TruSolv today – it takes just one call to get things started. Contact us on 0808 196 8676 today.

What is a Trust Deed?

A Trust Deed is a voluntary but formal arrangement that is available to Scottish residents. A trust deed is created based on what you can afford to pay back and the total you owe to your creditors.

It helps individuals in debt agree to pay only what they can afford from their disposable income (your income after accounting for household expenditure).

What happens with a Trust Deed?

Once reviewed and agreed on the amount that you can pay back, your lenders will agree to freeze all interest and charges and then write off any remaining debt at the end of the agreement.  The amount of debt written-off can be up to 90%.

The typical length of time for a Scottish Trust Deed is 48 months and even those individuals who do not have much additional money left available each month can pay off their debts without paying any interest that has accumulated.

There are many benefits of a trust deed; your creditors will no longer be able to contact you, you need not worry about passing any credit checks and you do not have to worry about any setup fees.

When should I consider a Trust Deed?

It’s important to remember that a Trust Deed is a form of insolvency and a serious legal undertaking.  This is why you need to speak to a qualified, licensed and experienced adviser like TruSolv before entering into such agreement. We will make sure that you fully evaluate all options available to you and that you proceed with the most appropriate based on your individual circumstances.

There are many benefits of a trust deed, including:
  • No longer being contacted by your creditors directly, as all communication must now go via the Trustee.
  • Being protected from further legal action, once your Trust Deed is given Protected Status.
  • Knowing you have just one single monthly repayment to make for the term of the deed.

Call us today for a confidential discussion on 0808 196 8676.

Contact us today for FREE

to learn more about how we can help you and your business.

We have a team of advisors who have helped hundreds of businesses around the UK that have faced financial pressures on every scale. You are not alone.

Call us free and in confidence on 0808 196 8676 and together we will sort things out.