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Reduce Monthly Payments
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Write
Off a Percentage of Unsecured Debts |
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Potentially
Freeze Interest and Reduce Other Charges
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One
Affordable Monthly Payments |
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Tenants and Homeowners
welcome |
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Online since
2001 - Helping 1000's of UK people & families resolve debt
issues each year |
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Trust
Deeds, IVA,
Debt Management &
Bankruptcy
specialists... |
...working to find the right solution for you. |
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Protected Trust Deeds (PTD)
PTD is the Scottish equivalent of
an IVA, which can help you to avoid bankruptcy/sequestration. It
takes up to 3 years to complete, during which time you will have
no contact from your creditors providing you keep up with your
repayments. You may not borrow more during a PTD but the
advantage is you make one monthly payment at a fixed rate you
can afford. |
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An example
PTD breakdown+...
...which had
69% of debt written off.
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Credit card 1: |
£4,000 |
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Loan 1: |
£9,000 |
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Loan 2: |
£7,300 |
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Credit card 2: |
£2,700 |
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Total
Owed: |
£23,000 |
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With an PTD Plan |
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36 Monthly contributions
of: |
£200 |
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Total paid: |
£7,200 |
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Write Off: |
£15,800 |
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Although you may become debt free
upon successful completion of the PTD, a record of your PTD will
be held on your credit file for up to six years, which will
affect your credit rating and your ability to obtain credit in
the future.
For a Trust Deed to become Protected and interest and charges to
be frozen one third or more of your creditors (by value) must
not object to it.
Only unsecured debts included within the PTD may be written off
at the end of the period and those not included, such as secured
debts, Government fines and child support payments will remain. |
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...you
too could be 24 hours away from a brighter future! |
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DEBT MANAGEMENT
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Reduce monthly payments?
• 2 or more creditors
• Over £2000 of debt
• A minimum disposable income of £80
• Proof of income
You may be able to freeze and reduce
other charges, consolidate and
reduce your repayments.
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An example
Debt Management breakdown... |
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Credit card 1 |
£6,500 |
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Loan |
£5,500 |
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Store card |
£2,000 |
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Credit card 2 |
£3,000 |
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Total
Owed |
£17,000 |
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Current Monthly Payment |
£600 |
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Payment with
a Debt Management Plan |
£250 |
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IVA**
The English
equivalent of an PTD
BANKRUPTCY**
• If you have a very low disposable income
• If you cannot afford to make repayments on your debts
We know that
Bankruptcy is usually a last resort,
but there are other options available. Talk to an adviser now.
Get confidential
help and advice and start getting your life back on track
TODAY
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