ChatterBank0 min ago
trust deed
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is entering a trust deed a smart thing to do
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depends how much you owe and if your a property owner. The obvious advantage is that all interest is frozen and the outstanding debt is written off after 3 years. As far as I am aware they are still not registered with the credit ref agencies but obviously the credit companies will issue defaults, which are.
If you own a property try and release any equity at the beginning or if you have little.no or minus equity to start with, borrow,beg or steal �500 and offer it towards the deed on condition the house is not taken into consideration after that.
Need any more info, visit the website www.chambersmoore.co.uk
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