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Considering Trust Deed? Read on

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(@jockdock)
Active Member
Joined: 16 years ago
Posts: 16
Topic starter  

If you are considering a Trust Deed first of all well done, you are looking for advice on one of the best, no fee, impartial and knowledgable websites on the net. (I have no connection personally or professionally with any of the advisors). Secondly take a day or two to post a few questions if you have any doubts, you will receive the correct advice. Thirdly just completed TD with only Trustee discharge to come and it has, for us, changed our lives and the worst thing you can do is nothing. The advice you receive will help you decide if a TD is for you or if there is a workable alternative. Our one and only regret was leaving making a decision too long due to the usual issues of pride etc. Good luck and here's to no more skint days and sleepless nights!

jockdock


   
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Chris Wardle
(@chris-wardle)
Estimable Member
Joined: 13 years ago
Posts: 249
 

Evening Jockdock,

Well done on the completion of your Trust Deed and thanks for coming onto the forum to share your experience.

As I've said in the past everyone who I provide debt advice to always thinks that they are the only ones in this situation. People sharing their own experiences can really help others who are struggling to take the first step and ask for help which is normally the hardest.

As you say once you get over the pride and ask for help, as long as you have asked the right person or organisation you should receive good advice.

There are a number of benefits to a Trust Deed but one thing that it also helps with is teaching someone to manage their finances in a more efficient way.

Enjoy the extra cash and full nights sleep.

Chris is not currently posting in the Trust-Deed.co.uk forum.


   
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Mark McFadyen
(@mark-mcfadyen)
Famed Member
Joined: 16 years ago
Posts: 4798
 

Throughout the forum, the one thing that is clear is the need to ask questions and more importantly ensure all matters are fully confirmed in writing. The key points being equity, contribution, time period, bonuses/overtime and how specifically assets will be dealt with.

All assets and in particular equity should be fully assessed before signing anything. That way there are no surprises

Mark

Mark is not posting regularly in the Trust-deed.co.uk forum.


   
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Kevin Mapstone
(@kevin-mapstone)
Member Admin
Joined: 16 years ago
Posts: 4253
 

Cheers to that jockdock, and thanks for the kind words about the site.

Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.


   
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