Cold Calls: We have received a number of people being 'cold called' by someone
claiming to work for Debtline Direct. Debtline Direct do not cold call anyone, ever.
If you receive a call, please obtain any information you can about the caller and
email info@debtline-direct.com and
we will pass the details onto the authorities.
Is a trust deed right for you?
With a Trust Deed you only repay an affordable amount over 3 years
- A Trust Deed is a formal arrangement that has to be proposed by someone called an
Insolvency Practitioner (I.P.)
- A Trust Deed typically lasts for 3 years
- You must owe at least £7500 in unsecured debts
- There is a minimum payment per month based on income and the level of debt, starting
from £100
- Your creditors will no longer contact you and you will be protected from further
action
Click here to begin your plan – you’ll need a few details to
hand:
- Your monthly income
- What your main monthly living expenses are
- Who you owe money to, and how much.
Don’t worry if you don’t have exact figures – just complete as much as you can at
this stage. A trained Insolvency Practitioner will need to speak to you prior to
a Trust Deed being approved.
Your questions about trust deeds answered
Q. How much does a Trust Deed cost?
A. Trust Deed repayments are calculated based on a number of different factors.
However, they usually start from £100 per month. Q. How
long will the Trust Deed be in place? A. A Trust Deed will
typically last for 36 months (3 years), but again, this depends on your individual
circumstances. Q. Who can apply for a Trust Deed?
A. Only residents of Scotland can apply for a Trust Deed,
as the legislation is different to the rest of the UK. Residents of England & Wales
could apply for an IVA instead. Q. Will I still have to
deal with my creditors? A. Once a Trust Deed is in place,
you will not need to deal with your creditors and they shouldn’t contact you directly.