0141 221 0999Edinburgh0131 278 0790Aberdeen
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Trust Deed Scotland Repayment Calculator
Trust Deeds are used in Scotland to clear debt that a person cannot afford to repay. In order to qualify, we will need to assess your details in order to get an indication of whether you would be eligible. This assessment involves establishing your level of debt, your assets i.e. home & car, and your income and your expenditure.
Each creditor has strict guidelines which must be adhered to when completing a full audit of your expenditure. This should not worry you too much, primarily because the expenditure guidelines have generally been agreed and provided that you do not have particularly lavish lifestyles, you will find that most people fall currently below the creditor expenditure guidelines due to the large financial commitment to their debts. Once the financial burden is removed, you should find that your income and expenditure is now balanced and your finances are re-aligned.
We are an experienced introducer, and are fully aware of the threshold of each individual expenditure that you currently have. Before you sign, you will have gone through in fine details with your Trustee and any questionable expenditure will be fully analysed and explained to you.
We will only recommend you if you can afford to repay the monthly contribution over the period of your Trust Deed agreement. This is important as you will be required to commit to regular repayments for at least a typical period of three years and should you not be able to repay, you could run the risk of being sequestrated or at least having your repayment period extended.
Therefore, it is crucial that the repayment proposal is within your budget from the very beginning. If not there are other solutions available to you.
If you would prefer to speak to an advisor anonymously, you can get instant expenditure guidelines clarity by calling 0141 211 0999. All debt advice offered by ourselves is completely free of charge and 100 per cent confidential.
