Trust Deed Alternatives

It is always important to be aware of the financial alternatives before you commit yourself to a long term debt solution, such as a Trust Deed. Alternatives are available, and the one which is right for you is dependant on your personal circumstances.

Alternatives to Trust Deeds:

Individual Voluntary Arrangement - If the reason you need a Trust Deed alternative is because you are not a resident of Scotland, but reside in England, Wales or Northern Ireland, than an Individual Voluntary Arrangement (IVA) could be the right solution for you. On completion of the IVA, unaffordable debt will be written off. Your IVA will last for an average term of 60 months, and was introduced as a bankruptcy alternative.

Debt Management – Perhaps your level of unsecured debt is not high enough for a Trust Deed, which is why you are looking at the alternatives. Debt Management allows you to make one lower payment to your unsecured creditors, and is best suited to those with debts under £12,000.

By getting in touch with Individual Voluntary Arrangement.co.uk, you will be able to speak to our expert IVA and Trust Deed advisors who are best able to help guide you through all the available Trust Deed alternatives. Please fill in the Quick Enquiry Form, or call our team direct on 0800 048 1766.