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ABOUT TRUST DEEDS

TRUST DEEDS,

WHAT ARE THEY?

A Trust Deed is a voluntary arrangement for individuals who are permanently resident in Scotland. It allows you to come to a legally binding arrangement with your creditors to repay part, or all of what you owe. A Trustee will hold the rights to your assets and you will be asked to make monthly contributions for a set period, usually 48 months.

It is important that you consider the features and benefits of a Trust Deed. To understand if it's the right option for you, here is some key information to help.

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CALL US ON 0800 980 4909

YOU COULD

BENEFIT FROM:

Lower Monthly repayments to your creditors.

The Interest is frozen as well as the charges.

A fixed agreement typically lasting 4 years.

You won't receive any more calls from creditors.

Protection from legal/sheriff action from your unsecured creditors

Available if you live in Scotland or the Highlands & Islands.

 

CONSIDER:

THINGS TO

If you are a homeowner you will be expected to release part of any positive equity for your creditors.

A trust deed will be on your credit file for up to 6 years, which may make it difficult to obtain credit

If you don't stick to the terms, your trustee can apply for the Deed to come to an end.

Your Trust Deed will be recorded and entered on to a public register.

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Lines open: Monday - Thursday from 9am - 8pm, Friday from 9am - 5:30pm

Campbell Wallace Fraser specialise in Trust Deeds, a debt management solution only available to Scottish residents.

CALL US

0800 980 4909

Lines Open

Mon - Thurs: 9am - 8pm

Friday: 9am - 5.30pm

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The Money Advice Service is a free service set up by the Government to help people make the most of their money. If you would like to learn more click here. The Accountant in Bankruptcy Scotland (AIB) an independent government agency, have a leaflet on dealing with your creditors. To view a copy, click here. Campbell Wallace Fraser Limited. National House 80-82 Wellington Road North, Stockport, Cheshire. SK4 1HW Company Registered in England & Wales No. 07439002. Registered office as above.  Andrew Wilkinson is licensed to act as an insolvency practitioner in the UK by the Institute of Chartered Accountants in England & Wales.

Telephone: 0800 980 4909 . E-mail: enquiries@CampbellWallaceFraser.co.uk

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