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One dedicated point of contact for help and guidance |
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One payment tailored to your circumstances |
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We will speak to your creditors on your behalf |
A Trust Deed is a solution to debt and a real alternative to Bankruptcy. Basically it is an arrangement between you and your creditors, usually over three years.
Under legislation, once protected a Trust Deed is legally binding on all your unsecured creditors. The terms of your Trust Deed are tailored to your own personal circumstances.
We'll prepare your proposals and deal with your creditors. If your creditors do not object, the Trust Deed will become protected - that means your creditors are prevented from taking any further action as long as you keep to the agreement your creditors cannot pursue you for the remaining unsecured balance.
Key facts:
Important points to consider before entering into a debt solution:
What fees are involved?
Depending on your situation, you may be advised to enter a specific debt solution. If you do, fees will be charged. As one of the longest-established debt solution providers in the UK we always strive to offer our customers an excellent service together with ensuring our fees remain competitive. Click here for more on our fees.
Will it affect my credit rating?
Your ability to obtain credit will be affected for 6 years.
What if I change my mind?
Remember that you are under no obligation to enter a solution. If you do enter a solution, and subsequently change your mind, you have a right to cancel the agreement at any time in the first 14 days.
Call us on: 0800 970 7724
Subject to eligibility and acceptance, debt write-off applies on completion of a Trust Deed, alternative solutions may be offered. Fees payable. Your ability to obtain credit will be affected. Homeowners will be required to release the equity in their property. Calls may be recorded.
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