Scotlands Trust Deed
Financial Services in Glasgow, Scotland
We provide you with the RIGHT kind of expertise and support.And the RIGHT solution for your own individual circumstances.
More and more people in Scotland continue to struggle with unmanageable debt and, as a result, there are more and more organisations presenting themselves as the solution. With so many messages coming from them all, it may be confusing for some people to decide who to go to. We are part of a Financial Service Group employing professional Debt Advisers and Insolvency Practitioners committed to providing a simple transparent service that cuts through the confusion and ensures:
Straightforward information on the different options to help relieve the stress of debt
A quick and simple way of finding out if youre likely to qualify for a solution
Non-judgemental and confidential support
An expert review of your circumstances by a professional Debt Adviser
Completion of all the necessary paperwork
Identification of the RIGHT solution for you
Free and without any obligation
Should you qualify and wish enter a DAS, one of our own Money Advisers will manage it for you. And should you qualify and wish to enter a Trust Deed or Sequestration, we will introduce you to an Insolvency Practitioner within our Group who will take on your case and administer it for you. Unlike many other organisations promoting debt solutions we dont pass our clients cases to unrelated third parties. So you can be sure you are in the best hands at all times.
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Trust Deed
read moreA Trust Deed is a legally-binding contract between you and your lenders which allows you to write off a significant portion of your unsecured debts and repay only what you can afford.
If our Debt Test indicates you are likely to qualify, you will be assigned to one of our expert Debt Advisers wholl review your circumstances in more detail. Your Adviser will work out what you can afford to repay each month, bearing in mind your mortgage, car and living expenses, and will identify if a Trust Deed is indeed the best option for you. If it is, and you choose to proceed, you will be contacted by our insolvency practitioner, since its a legal requirement that only an Insolvency Practitioner can set up and administer a Trust Deed. Your Insolvency Practitioner acts as your Trustee and will present to your lenders whatever amount you can afford to repay. Your Trustee will negotiate with your lenders to accept those terms. As long as the majority accept, your Trust Deed will become protected. And once protected your lenders wont be able to take any further action against you as long as you keep up with your monthly payments. Interest and charges will be frozen and once all payments are completed your remaining debts will simply be written off.
If our Debt Test indicates you are likely to qualify, you will be assigned to one of our expert Debt Advisers wholl review your circumstances in more detail. Your Adviser will work out what you can afford to repay each month, bearing in mind your mortgage, car and living expenses, and will identify if a Trust Deed is indeed the best option for you. If it is, and you choose to proceed, you will be contacted by our insolvency practitioner, since its a legal requirement that only an Insolvency Practitioner can set up and administer a Trust Deed. Your Insolvency Practitioner acts as your Trustee and will present to your lenders whatever amount you can afford to repay. Your Trustee will negotiate with your lenders to accept those terms. As long as the majority accept, your Trust Deed will become protected. And once protected your lenders wont be able to take any further action against you as long as you keep up with your monthly payments. Interest and charges will be frozen and once all payments are completed your remaining debts will simply be written off.