Information and Fees
Trust Deeds cover unsecured debts only.
While our advice is free, fees are payable if a debt solution is provided. A key benefit of a Trust Deed is the ability to only repay what you can afford each month.
Entering into a Trust Deed means contractual payments will be missed. Your credit rating will be impaired and it may be harder to obtain credit in the medium to long term as records are retained by credit reference agencies for six years.
Cooling Off Period
When you have activated your plan, either by signing the Client Information Form or by paying the Initial Fee you will be entitled to a 7 working day cooling off period in which you can contact us and we will refund any monies you have paid to us.
Trust Deed Fees
An Initial Fee is the set up cost of your Trust Deed and is equal to two months disposable income and will be retained from your initial payment(s). Whilst you pay our initial fee, monies are not distributed to your creditors and this retained payment may place you in arrears.
As a Trust Deed can only be supervised by an Insolvency Practitioner they charge Supervisor and Nominee Fees. These are agreed with your Creditors prior to the Trust Deed been accepted and are deducted from your monthly payments.
What is Debt Management?
A Debt Management Plan is a financial solution for clients who cannot afford to maintain their contractual monthly...
How does it work?
A Debt Management Plan is a flexible structured plan to deal with your unsecured credit commitments eg, personal...
How we can help you
Here at Money Matcher we have fully trained advisors who will give you honest, empathatic and professional advice.
Please see a selection of the most popular questions below. If there is a question that is not answered here please don't...