Protected Trust Deed
Debt free in 36 months? How?
If a Scottish Trust Deed is appropriate, we can assist you to write off as much as 90% of your debts!
What about the balance?
You can, under a protected Trust Deed, pay off the balance, which may be as little as 10% of the total debt, over a 36 month period without involving you in any loans or interest charges!
Can you tell me more about Scottish Trust Deeds?
A Trust Deed is a process in Scotland , which enables an individual who is struggling with unmanageable debts the opportunity to make a formal proposal to their creditors to clear all, or part of their debt. If successfully agreed, this can legally write off up to 90% of the debt. The Trust Deed is a formal proposal under the guidance of a qualified Trustee who will act on your behalf to deal with your creditors. The vast majority of Trust Deeds are successful and once agreed, the Trust Deed can provide the following benefits:
- Creditors can no longer pursue you for their debt.
- All interest and charges cease.
- After completion of the Trust Deed, any balance of debt is legally written off.
- The Trust Deed will normally protect your home and other assets.
- It has the ‘light at the end of the tunnel’ effect, as it lasts for a set period of time (36 Months).
- Once completed, creditors cannot pursue for any remaining balance of debt.
- The Trustee deals with all creditors on your behalf