A Trust Deed is the Scottish equivalent of an IVA and is suitable for those with high levels of debt.
All Clear Finance believes that it is important that our clients are fully informed about any advantages and disadvantages of a Trust Deed. For a more indepth analysis, please contact our All Clear Finance Advisors today on 0800 048 1762
Advantages of a Trust Deed:
- A Trust Deed is more financially flexible in comparison to bankruptcy.
- One low monthly payment.
- A Trust Deed lasts for just 36 months.
- After 36 months any remaining debt will be written off.
- You remain in control of your finances.
- We will deal with your creditors calls and letters on your behalf.
- Creditors cannot add any further interest, charges or action against you once your Trust Deed has been accepted.
- You can remain self-employed and hold certain public offices.
- Information about the Trust Deed will not be published.
All Clear Finance is a trading style of Ask Finance Ltd (Registered in England and Wales. Company number 4229724), a wholly owned company of the Harrington Brooks Group Ltd. Ask Finance Ltd is licensed under the 1974 Consumer Credit Act to carry on the business of consumer credit, consumer brokerage, debt adjusting and debt counselling. Consumer Credit License No: 507130. Ask Finance Ltd is authorised and regulated by the Financial Services Authority - FSA No: 300490 - for the provision of mortgage advice and arranging insurance.