Here is an example of a typical Trust Deed:
* This is an example illustration of a typical Trust Deed. We assess each customer individually based on their circumstances and payments are based on what is affordable.
Illustrative example based on a typical client, who has no equity in their home, owing £16,300 of unsecured debt on a four-year Trust Deed. Fees include VAT where applicable.
You may qualify for a trust feed if you meet the following criteria:
A Trust Deed could make your debts affordable again, and write off the unsecured debt you can’t afford after three years. You’ll also be protected against further action from your lenders.
There is a monthly fee payable if you enter a Trust Deed. This won’t affect the amount you pay each month, because you’ll only ever be expected to pay as much as you can reasonably afford. Fees vary depending on several factors, so we’ll tell you how much it comes to when your Trust Deed proposal is put together.