Debt Management »
We'll come up with a debt management solution based on your individual circumstances.
Debt Consolidation »
Our experts can guide you through the range of debt consolidation options available.
Debt Help »
Kensington Financial Management Consultants are experts in providing debt help.
IVAs »
If you have a significant debt problem, you may be eligible to begin this legal process.
Trust Deeds »
A Trust Deed can lead to a significant proportion of your debt being written off.
Bankruptcy »
A Debt Management Plan, IVA or Debt Consolidation should be considered first.
An Overview of Frequently Asked Trust Deed Questions
Obviously, Scotland has a number of approaches to debt management and staving off bankruptcy than those which are utilised in England and Wales. One of the most commonly utilised methods of dealing with substantial arrears is a trust deed, which can be set up by seeking the assistance of an insolvency practitioner. There are many benefits that can be garnered from a trust deed for the residents of Scotland but it is always prudent to understand the ins and outs of a trust deed in order to fully understand how a trust deed operates and exactly how it will help to extricate an individual from high levels of financial arrears. A trust deed obviously works in a similar way to many of the financial solutions that are in operation in England and Wales but they are specifically for use by residents in Scotland and have proved extremely proficient in helping to return people from the precipice of bankruptcy to a financially secure future free from debt.
Q: What exactly is a trust deed?
A: Well, essentially, a trust deed is a legally binding agreement set up between you and your creditors to address your unsecured debts. In most cases a trust deed will last three years and at the end of this, the individual in question should have overcome their financial arrears. A trust deed will prevent creditors taking any further action against you, freeze interest rates and, in many cases, significantly reduce the overall amount that has to be repaid.
Q: How do I apply for a trust deed?
A: Residents in Scotland should seek out the advice of financial specialists and insolvency practitioners when it comes to setting up a trust deed as they will be in the position to offer the most pertinent advice to ensure that a trust deed is the right solution for your financial situation.
Speak to Kensington Finance about Debt Management
Kensington Financial Management Consultants Ltd is a total finance solutions company helping people all over the UK. We speak financial sense. We will allocate you a friendly advisor who will chat through your current situation and formulate a plan for you without obligation. Let us work out a financial solution based on your individual circumstances. It's our aim to help everyone who contacts us. With debt solutions from debt management and IVAs, mortgages & re-mortgages, secured & unsecured loans and advice and information for debt consolidation, bankruptcy and Trust Deeds, we can help. It really is worthwhile giving us a call or applying online today for a confidential chat with one of our friendly advisors. Call FREE on: 0800 096 4409.
