Often, people who come to us looking to improve their financial situation have council tax debt. It is important to address council tax debt as soon as possible because the council can take you to court for payment, place an arrestment on your earnings and even force you to go bankrupt in some cases.
Many people feel overwhelmed and can be nervous dealing with the council or the debt collection companies they pass the debts to.
A Scottish Trust Deed could offer a solution for you if you find yourself in this position as your council tax debt could be included into your Trust Deed along with your other debts. You would then pay one manageable monthly payment, (agreed before the Trust Deed is finalised), which would be split between your creditors.
Once the agreed Trust Deed term has been finalised, you would be debt free and any remaining debt would be written off.
To see how a Trust Deed could help you, try our Trust Deed Wizard tool.
Your monthly contribution would be determined by looking at your level of debt, your income and expenditure and who your creditors are. There are government guidelines to ensure you have adequate funds to cover your monthly necessities and make your Trust Deed payment each month.
These necessities include: mortgage/rent; council tax; food; gas and electricity; home and life insurance; phone/internet and TV, travel expenses and housekeeping.
Our qualified Scottish debt advisors are available to meet with you, discuss your personal circumstances and see if a Trust Deed would be right for you.
They will also go over all the other debts solution options available to you to allow you to make an informed decision. Setting up the Trust Deed can be done quickly if you provide all information relating to your income, expenditure, creditors and ID at the initial appointment.
If you have been putting off dealing with your council tax debt, then don’t delay any longer as if the council starts bankruptcy proceedings against you, it may be too late to stop the process. Contact Trust Deed Scotland today to give you peace of mind and get your finances back on track.
We understand you may be nervous entering into a debt solution to set your mind at rest, visit our Debt Reviews page for thousands of independently verified reviews written by our happy clients.