Crucial FAQs about Trust Deeds
A Trust Deed provides an excellent solution to many people who have continuing debt problems. For those who live in Scotland, it offers a path out of the debt spiral, and can lead to the peace of mind that once seemed impossible to achieve. After a period of time, unaffordable debts can be written off completely.
If you are eligible for a Trust Deed, Personal Debt Support can help you through the application process and will stay with you throughout the whole journey. There are times when you might have felt isolated and vulnerable because of your debt problems, but we’re here right now, ready and waiting to help.
There are a number of criteria to qualify, the main one being that your unsecured debts have to exceed £5,000. If it’s deemed that you won’t be able to pay those debts in the allotted time, a Trust Deed may just be the way forward. The team at Personal Debt Support can advise you on your eligibility.
Yes. There are several debt solution programmes available these days. They include the Individual Voluntary Agreement (IVA), the Debt Relief Order (DRO) and the debt Arrangement Scheme. PDS can point you towards the ones that will match your situation.
For more information about the advantages and disadvantages of a Trust Deed, call Personal Debt Support on 0141 380 0578. We hope to hear from you soon.