debt advice bureau
the best debt solution for you

FAQs | Features | Tools | News | Books | Newsletters | Links | Polls | Recommend Us | About Us | Home

 

YOU ARE HERE > Home > Trust Deeds > Costs and Commitments

Trust Deeds

The Process

Advantages

Costs and Commitment

Trust Deed Application

 

 

Costs and Commitments

    The Costs:

    You have no initial cost for the work involved in drawing up the Trust Deed documentation. The Trustee’s fees and expenses are agreed with your creditors. They agree to a reduction in their overall income from the Trust Deed’s Trust Fund in exchange for the Trustee’s administration and pay him from the contributions you make.

    This means you have NOTHING TO PAY UP FRONT.

 

    Your Commitment:

    In establishing a Trust Deed you are entering into a contract to repay your debts, most liekly at a reduced rate. In doing so you must agree to:

    • Co-operate with the Trustee

    • Pay the monthly contribution as agreed

    • Take no further credit

    • Inform your Trustee if you receive any unexpected windfalls of money which are in excess of £200

    • Advice your Trustee of any change in financial circumstances

    • Inform your Trustee of any change of address

 

 

 

Consolidation Loans | Debt Management | IVAs | Trust Deeds | Bankruptcy | FAQs | About Us | Features | Tools | Recommend Us | Links | USA | FreePay
debtadvicebureau.org.uk website copyright © Debt Advisory Network 2001-2004 | Terms of Use | Disclaimer | Privacy Policy | Contact Us
Debt Advisory Network is not responsible for the content of external internet sites. All trademarks acknowledged. The guidance and/or advice
contained within this website is subject to the UK regulatory regime and is therefore primarily restricted to consumers based in the UK.
The debtadvicebureau.org.uk website provides information to UK residents concerning their UK consumer debt problems, including: free debt management
services, consumer debt and credit articles, consolidation advisory services, debtor news, links to useful sites and free personal credit review.