A Trust Deed is a legally binding agreement between you and your creditors, used specifically in Scotland to help manage unsecured debts. By entering into a Trust Deed, you agree to make regular payments towards your outstanding debts, and in return, your creditors agree to write off a portion of those debts at the end…
Navigating the financial landscape after settling a Trust Deed can be a daunting task, especially when considering the possibility of obtaining a mortgage. You may have concerns about how creditors and lenders view your application, given your previous experiences with debt recovery. Rest assured, you can still apply for a mortgage after a Trust Deed…
If you’re considering entering into a trust deed in Scotland, it’s essential to understand the terms and conditions of this legally binding agreement between you and your creditors. One question you might have is whether you can pay off a trust deed early. When setting up a trust deed, you agree to make regular payments…