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Trust Deed Advantages

Trust deeds have worked for thousands of people in Scotland who were struggling with debt and the affect it had on their day-to day lives. Here are some of the main advantages;

You only have to make one affordable monthly payment which is then distributed amongst your creditors
You will be debt free on successful completion of your trust deed
Your creditors are not allowed to contact you once your trust deed has come into force
Interest and charges on your borrowing will be frozen
Your home will not be sold off, although you will usually have to release any equity you have in it

Trust Deed Disadvantages

As with every debt solution, there are disadvantages of trust deeds and you need to take time out to weight up all the pros and cons before making any decisions about your financial future.

Your credit rating will be adversely affected
You are not permitted to be a director of a limited company
Your home and job could be at risk through sequestration if you can't make all your repayments
You are committed to a legally binding 3 year repayment plan

Contact us now to discover if a trust deed is right for you because you could join the many people in Scotland who’ve become debt free as a result.