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How It Works

What Exactly Is A Trust Deed?

What Is A Trust Deed?

It's very simple. All you do is make one affordable monthly payment to a qualified legal professional, who in turn distributes the payments according to the amounts previously agreed by your creditors in a Trust Deed proposal.

You do this every month, for 48 months, and at the end of the term any debt balances you still owe are written off. You don't have to deal with nasty creditors any more, and all the hard work is done for you. And since a Trust Deed is a legally binding agreement, your creditors can’t back out or change the terms after they agree to them.

What Are The Benefits?

A Trust Deed is often considered to be a great option for many people who find themselves in debt. Here’s why:

  • Have up to 75% of your unsecured debt legally written off
  • Substantially reduce your monthly bill payments
  • Interest and late payment charges are instantly frozen
  • Creditors are forced to stop all communication with you
  • You will be completely debt free in just 48 months
  • You make just one monthly payment for all of your debts
  • You will keep your assets including your home and your car

Trust Deed Qualifications

Debts That You Can Be Included

You can include any of the following debts in a Trust Deed:

  • Credit Cards
  • Store Cards
  • Payday Loans
  • Overdrafts
  • Personal Loans
  • Lines Of Credit
  • Business Debt
  • Catalogues

If you owe money to other types of creditors then you can still file a Trust Deed, but you cannot include those debts in your Trust Deed. Click the link below to check if you qualify today.

Do I Qualify For A Trust Deed?

Do I Qualify?

In order to qualify for a Trust Deed you must meet the following criteria:

  • You are £6,000 or more in debt
  • You owe money to two or more creditors
  • You can pay back a minimum of £100 per month
  • You are employed or self employed
  • You are £6,000 or more in debt
  • You owe money to 2 or more creditors
  • You can pay back at least £100/m
  • You are employed or self employed

Click the link below, answer a few questions and we’ll let you know if you qualify for a Trust Deed. If so, we’ll connect you with a debt advisor who can help you become debt free the fastest way possible.

Trust Deed Example

Example

UNSECURED DEBTS

  • Credit Card #1£8,500
  • Credit Card #2£4,000
  • Credit Card #3£6,000
  • Personal Loan£1,500
  • Store Card£5,000
  • Payday Loan£2,000
  • Overdraft£1,000
  • Total Owed£28,000

YOUR TOTAL OWING

YOUR MONTHLY PAYMENTS

Before Trust Deed
£700

PER MONTH

After Trust Deed
£140

PER MONTH

Payments
Reduced By 80%

TOTAL OWED
£28K
NOW OWING
£8.4K
WRITTEN OFF
£19.6K
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