Protected Trust Deed
A Protected Trust Deed offers flexibility, affordability and protection from your creditors which many other financial solutions can't provide.
If you enter into a Protected Trust Deed, you make one affordable monthly payment to an insolvency practitioner who collects your payments, deals with the sale of any other significant assets you may have and distributes the money collected to your creditors.
Further information about how a Trust Deed works.
Advantages of a Protected Trust Deed
The benefits of a Protected Trust Deed include:
- The removal of all pressure from your creditors.
- No direct fees need be paid.
- Repayment is set at what you can reasonably afford.
- Interest and penalty charges will be frozen.
- All correspondence and queries from your creditors will be dealt with by your Trustee.
- A single affordable monthly repayment is all you pay.
- After completing a Protected Trust Deed, which normally takes 3 years, you will be ready to start afresh financially.
If you would like to discuss your debt solution options including a Scottish Trust Deed, you can call Newtomorrow on 0800 678 1234. Or text your name and telephone number to 07624 805 607 and we will arrange for an expert adviser to call you back.
Call us today for debt advice on how a Protected Trust Deed can work for you - Newtomorrow always provides the right advice first time, every time.