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Trust Deed Setup fees? NEVER pay a Setup fee for Trust Deeds
Trust Deed Scotland will NEVER charge you a setup fee to setup a Trust Deed and nor should anyone else. It is with great sadness that we can report that there are companies in the Scottish financial industry who may charge you a setup fee before entering you into a Trust Deed or even before you apply to sign up.
This practice is considered unethical and we will never charge you a setup fee.
How can I avoid setup fees?
When you choose a provider, it is advisable to ask for a breakdown of all costs prior to signing up for a Trust Deed. An ethical provider of debt advice such as ourselves will always refer you to a company with qualified money advisors who will explain every aspect of the Trust Deed signup process, rather than an organisation who will charge a ‘setup fee’ which may often be described as a 'commission' fee or finder fee.
The purpose of a Trust Deed
The legislation behind this personal unsecured debt solution was introduced by the government as vehicles in order to help Scottish people with debts repay their creditors and to regain control of their financial affairs.
A setup fee would contradict the true purpose of the intention as it puts people into further debt before they can begin to recover. Not everyone is suitable for a Trust Deed for a multitude of reasons and therefore it is imperative that you speak to a qualified money advisor in order to assess your eligibility. It is also possible that you may in fact be more suitable for a different solution.
Should you be eligible and you do not want to pay a Setup Fee, fill out the enquiry form opposite or complete the Trust Deed Scotland Repayment Calculator and we will call you back straight away for a free and confidential discussion.
