Why should I use scottish trust deed?

Here’s how iva scotland works. They will write a proposal on your behalf, which they will then submit, to your creditors. The proposal will be based on your financial income and expenditure. In writing the proposal, they will require your bank statements for the last 3 months in order to verify your income and expenditure. Your creditor's correspondence will also be required in order to note their addresses, the current outstanding balance, and their account number. Also, the statement of any other secured loan will be required as well as details of any other financial policies such as health insurance, pension contributions, and life insurance. 

Your creditors will then set up a meeting among themselves to decide if your proposal would be accepted or not.  If 75% of the voting creditors approve it, then the Scottish individual voluntary arrangement is established and your creditors are no longer allowed to add any accumulating interest and charges, as they will be frozen at the point of signing a scottish trust deed. Also, you will stop receiving all those hassling phone calls and threatening letters. And the good thing about the individual voluntary arrangement is that once you stick to your own side of the agreement for the set period of time, any outstanding balance will be cancelled forever and you will be completely free from debts at the end of the agreed period, which is usually 4 years. For more information visit website #How does scottish iva work?