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Trust Deed Advantages

Harrinton Brooks believes that clients must be highly informed about the Trust Deed advantages, as well as the disadvantages of a Trust Deed and any alternatives.

Always seek expert advice when deciding upon a debt solution. Our Trust Deed advisors will be able to tell you all the Trust Deed advantages. For a more indepth analysis of your finances and to see if you are eligible for a Trust Deed, call now on 0800 048 1752.

Advantages of a Trust Deed:

Some Trust Deed advantages include:

  • A Trust Deed is more financially flexible in comparison to bankruptcy (sequestration), as you (instead of your creditors) are in control of your finances.
  • One low affordable monthly payment.
  • It lasts for 36 months, and any remaining debt is written off.
  • The Trustee will deal with all correspondence regarding your debt.
  • Once the Trust Deed has been accepted, no further interest, charges or action can be taken against you by your creditors.
  • You will still be able to have the right to hold certain public offices.
  • You will still be able to remain self-employed
  • Your information about the Trust Deed will not be published.
Unsecured debts and Scotland residents only. A PTD should only be considered in extreme circumstances as failure to adhere could result in Sequestration (The Scottish legal term for Bankruptcy). Debt write off applies only where the PTD is agreed by your creditors and you have completed the, typically, 36 month term. Once your PTD commences, your monthly contribution is fixed. The fees are taken out of your monthly contributions to your PTD and will be notified to you in advance. Some homeowners may be required to remortgage. Terms & Conditions Apply.