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Q. Is a Trust Deed a loan?
Ans : No, a Trust Deed is a legal process that allows you to come to an agreement with your creditors to repay less than you actually owe.
Q. What is a trust deed?
Ans : A Trust Deed is a process that enables an
individual who is struggling with unmanageable debt the
opportunity to make a proposal to their creditors in order
to clear their debt.
Q. What are the advantages of a
trust deed?
Ans : It can reduce the pressure of being in debt.
All kind of quarries of lenders are handled by the trustees.
Q. Does a Trust Deed cover all of
my debts?
Ans : No, always keep in mind that a Trust Deed can only cover your unsecured debts and arrears.
Q. What happens to the interest
and charges on my debts?
Ans : All interest and charges on your debts will be frozen the day the Trust Deed is protected.
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