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.
Exploring the ins and outs of a Trust Deed
The emergence of trust deeds in Scotland has certainly coincided with the financial problems stemming from the credit crunch and more and more people each year opt to make use of a trust deed north of the border. In many ways, a trust deed is similar to an IVA in the UK and the end result will see the individual in question free from debt without any of the negative implications of bankruptcy. A trust deed is set up by an insolvency practitioner and will see an accord reached between the creditors and those in arrears about how much of the debt they can afford to repay. Once an agreement can be reached on how much of the arrears is acceptable to creditors, the trust deed will be initiated and the individual will embark on monthly repayments until their debt has been cleared. In most cases, an individual in Scotland can become debt free in as little as three years through the use of a trust deed and many will find that the overall amount that they have to repay is dramatically reduced.
Trust Deed – Protection from Creditors
If, as it usually the case, at least two thirds of your creditors agree to the trust deed, it becomes a protected trust deed which means that they can no longer pressure you for payment and so forth. A trust deed is an extremely viable option for those with considerable debts and if you think a trust deed might be right for you, it is a good idea to speak to a financial specialist in the field.
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.
