Hi.....looking for a little advice, I have started looking into entering a Trust Deed and felt confident about what I was doing, which I still am, the only advice I'm looking for is with regards to who I go with....can anyone tell me if Trust Deed Scotland are good to use?
Thanks for any advice it will be most appreciated.
Regards
Sharon
I used rsm tenon who have since stopped operating but Kevin Mapstone who posts on here is former employee of theirs.
Really best advice is to contact 2 or 3 firms for their opinion on your options.
Paul
Ps welcome to the forum.
Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.
Hi Sharon, welcome to the forum.
I went with RSM Tenon too and they have been fairly good. You will find a lot of positive feedback about other providers too though on here.
One thing I would say and that is try and go with one of the providers who contribute to this forum. As a lot of the Trustee firms post here, it essentially acts as a back up if you have queries or if you need additional help when your Trustee or Relationship Manager are not around.
Probably is best to speak to three firms and weigh it up.
Good luck and let us know what you decide.
Hello smcan,
I went through Trust Deed Scotland who passed it to Knightsbridge Insolvency. I haven't had any problems/issues so far but I wish I had went with one of the firms that are on this forum, for the exact reason CIF has posted.
Good luck with your decision.
Another RSM Tenon here.. As others have said they have now been taken over by another company. It was Kevin that posts here that was my initial contact as well. I've had no issues and they have been good to work with. I have no idea how it will be now they have been taken over.. Will have to wait and see ๐
Hello smcan and welcome.
Speaking to a couple of different firms makes sense. Entering a trust deed is a big decision to make so it's worth a little effort to get a feel for different firms and how they propose your trust deed would work.
Remember to get all of the big issues clarified in writing before you actually sign a trust deed. This would include things like:
1 - Equity in your home.
2 - Your car.
3 - Extra earnings (like overtime or bonus payments).
My trust deed was run by Stirling & toner. What I would say is consider approaching the experts who contribute on this forum, no harm in contacting them all shop around get advice as loads of question before you sign
Hi smcan
Welcome to the forum
When considering a debt solution it is always better to sit down and have face to face interview that way hopefully you will get your questions answered. You will know what is expected in the solution you choose and what is expected of both parties in the years months ahead.
When you know what is involved, take time to think about the solution you choose then when you have decided and are happy to proceed take the steps to completing your application.
Michael
Michael is not currently posting in the Trust-Deed.co.uk forum.
Hi smcan,
Welcome to the forum and well done on taking steps to deal with things. I always say that this is sometimes the hardest step to take.
As others have said, your best to speak with at least two advisors/firms. That way your able to balance the information that you have been provided with along with any information that you have picked up from the forum. You want to make sure that the advisor takes you through all of the available options from a Trust Deed to Sequestration and also the Debt Arrangement Scheme. By doing this you will then be in a better position to understand everything and make a decision on what option you think best suits you.
As Michael has suggested it's always better to sit down with an advisor in person to discuss your whole financial situation. This can take place at your home, place of work, coffee shop or in the advisors office and it will give you the chance to see how comfortable you feel with that advisor as that should be the advisor that you deal with from start to finish. That's the way I work.
You want to make sure that if you have any assets as TDA has pointed out that you discuss these fully and receive in writing how these will be treated and dealt with as this is the most important thing. Make a list of questions that you want to ask but sometimes this can be hard when you don't really know much about any of the options. A good knowledgeable advisor should take you through everything anyway.
If you take your time, do a little research and speak with a couple of advisors/firms then there shouldn't be any problems and things will hopefully be pretty straight forward for you.
Good luck.
David is not currently posting in the Trust-Deed.co.uk forum
Thanks to everyone who has taken the time to reply and to give me a start on what feels like a minefield, I have started to make a list of questions that I would never have thought of if I hadn't browsed through this forum, thanks again, I'm sure I will be posting again with more questions along the way.
Kind Regards
Sharon