Trust Deed - Pros & Cons

We believe that all of our clients must be highly informed about the pros and cons of any debt solution as well as any alternatives available. For a more indepth analysis of your finances, please call us free 0800 048 1771.

Trust Deed Advantages:

•  It is much more financially flexible in comparison to bankruptcy (sequestration), as you are in control of your finances.
• Just one affordable monthly payment.
• It lasts for just 36 months
• On completion of the Trust Deed, all remaining debt is written off.
• No further interest, charges or action can be taken against you by your creditors.
• You will still be able to remain self-employed
• Information about the Trust Deed will not be published.

Trust Deed Disadvantages:

• You cannot become a director of a limited company.
• Your credit rating will be damaged.
• If you fail to keep up the monthly payments then your assets will be at risk and creditors can start legal action against you.