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Money Box
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How Do Trust Deeds Work?
Rachel recked up at least four thousand pounds worth of debt before she realized she needed help. She contacted a charity but it was at this time she got a cold call from someone offering a solution through an individual, voluntary arrangement. We will work out an affordable monthly repayment, ask you to pay it for five or six years, then any debts you haven't paid off at that time will be cancelled. Once the time is up, you're taken off the insolvency register, so it won't affect your credit rating long term. That might sound very attractive if you're a person facing lots of debt, like rachel. But er, that's not what's not always mentioned beforehand
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