Trust Deed

If you have borrowed money from multiple lenders, a trust deed might be the best option for you. A trust deed is an arrangement in Scotland where you make reduced payments over 4 years, after which, your unsecured debts are written off. Get in touch with Basik Money today and find out how we can help.

Are you considering a Trust Deed?

Basik Money is a Trust Deed broker, we are not a bank. We speak to your creditors to find the best trust deed solution available to you, no matter how much creditors or debt you have, get in touch with Basik Money today to find out how we can help you.

What Is A Trust Deed?

A Trust Deed is a legally binding agreement with your creditors that covers unsecured debts, such as personal loans and credit cards. It does not apply to your mortgage or any purchase agreements. It is important to fully understand what  a Trust Deed is when applying, therefore we advise that you fill in your details below and one of our experienced debt advisors will explain this debt solution to you and answer any questions you have. You can apply for a Trust Deed if you live in Scotland only. If you live in England, Wales or Northern Ireland, you can apply for an Individual Voluntary Agreement (IVA).

Advantages & Disadvantages

Advantages

  • Make an affordable monthly repayment to your creditors over 4 years
  • After 4 years, any remaining debt is written off
  • Your creditors won’t contact you
  • Interest and charges will be frozen
  • No court action

Disadvantages

  • An Insolvency Practitioner will charge for their service out of your monthly repayment
  • It may affect the terms of your employment
  • There’s the risk of bankruptcy if the Trust Deed fails
  • Your credit rating will be affected for 6 years

WE COULD HELP YOU

FIND THE BEST DEBT SOLUTION FOR YOU

Is It Right For Me?

We always advise that you speak to a qualified debt advisor before making any decisions on handling your debt. Our team of qualified advisors are here to give you advice and answer any questions you have, before making a final decision. Just one call to Basik Money today could help you find a better solution to clearing your debts that you haven’t thought about.

Other Debt Solutions

If a Trust Deed is not what you want, have a look at some other ways we can help to clear your debt;

Why choose Basik Money?

At Basik Money it’s all in the name: we make finding the right financial solution simple, easy and effective. Basik Money take great pride in being directly authorised and regulated by the Financial Conduct Authority. Which means that we adhere to the highest standards of advice for our clients. Our approach is transparent and simple – if you’re not accepted for a solution, there’s nothing to pay.

WHY CHOOSE BASIK MONEY?

  • FCA Regulated

    We are fully authorised and regulated by the FCA, meaning we’re a trustworthy provider of financial services.

  • Industry Experts

    Our fully qualified advisers will explain everything to you in terms that you understand, ensuring that you have the best chance of acceptance for the finance option that is right for you.

  • WHOLE OF MARKET APPROACH

    At Basik Money, we search the entire market to find only best lending, insurance or debt options available to you.

  • EXCELLENT CUSTOMER FEEDBACK

    Don’t just take our word for it, read our customer reviews on TrustPilot.

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