Insurance News

Why Get Life Insurance Advice Whilst on A Debt Repayment Plan?

Posted on Friday, 9 December 2011 in Insurance NewsIf you are currently committed to a Scottish trust deed or other type of debt repayment plan then you are will know about the challenges of living within your means and not accruing additional expenditure.

Many people nowadays review their car insurance but seldom do people in Scotland review their life cover.

Reasons to annually review your life cover:

Life insurance, including Critical Illness Cover is very competitive and with many price comparison websites driving standa...

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Unsecured DebtsThis includes unsecured loans, credit cards, council tax arrears, bank overdrafts etc.

Note - student loans cannot be included in a Trust Deed.
Net IncomeThis is your monthly take home pay including any other income

Example
Take home pay £1200
Child tax credit £200
Total net income £1400
ExpenditureThis includes all rent or mortgage payments and all other fixed outgoings that you pay each month.

Excluding your payments for your unsecured debt.
Nearest CityWe have a network of Trust Deed providers throughout Scotland

Your location will help us recommend the best providers.

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