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What Is The Difference Between A Trust Deed And Sequestration?
A trust deed is the Scottish equivalent to an IVA, it is a private contract between three parties, your trustee, creditors, and yourself. A trust deed is a formal arrangement, but unlike sequestration it is voluntary and does not involve the…
Which Debt Solution Is Right For Me?
The things that might affect which debt solution is right for you include how much you owe your creditors, your monthly income, the types of debts you have outstanding, and your overall financial situation. Choosing which debt solution is the…
The Right Debt Management Solution
If you, like many people, are looking for ways to manage your debt, you may be surprised to know that there are many options available to you. It’s just knowing where to look, who to talk to, and making sure you deal with someone reputable who…
What are Trust Deeds?
In Scotland, individuals who are currently in debt can investigate trust deeds as a way of repaying there creditors. In one of these so called protected trust deeds (also known as PTD) all debts can be wiped clean within a period of three years. Whilst…
UK Debt Statistics
Total UK personal debt at the end of November 2010 stood at £1,454bn. The twelve-month growth rate was unchanged at 0.8%. Individuals owe more than what the whole country produces in a year. Total lending in November 2010 rose by £0.7bn;…
Getting out of debt
If you’re in serious debt one thing’s for sure you’ll want to get out of debt as soon as you can. Whether a Trust Deed achieves this for you or another debt solution then your goal should be to become debt free as soon as possible.…
