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Trust Deeds (Scotland only)
It is possible that your debts can be cleared in 3 years (yes, 36 months)
In a trust deed the creditors MUST freeze the interest.
Up to 85% of the debt can be written off.
You do not appear at a court hearing.
Your employer will not be informed.
You can continue to hold a bank account.
If you are in rented accommodation your landlord will not be informed.
If you own your own property appropriate measures can be arranged to safeguard it.
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They may sound too good to be true but they are very real. Trust deeds were introduced in Scotland in 1985 as an alternative option for people who at the
time faced a life in debt. In rare events the creditors may reject a trust deed but we would not suggest it if we believed you did not qualify or the creditors
would object.
Hearsay and rumours have in some instances clouded what a Trust Deed actually is. There are restrictions but if you don't ask you'll never know. so
take advantage of our experienced staff and call us on our freephone number for more information!
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