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.

Credit Rating

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.