How much will my Protected Trust Deed payments be

We believe that establishing how much your Protected Trust Deed payments will be is a really important part of the decision making process. After all, if the Protected Trust Deed payments are set too high from the outset, then the chances are you’ll soon begin to struggle to maintain the payments schedule, as set out in the Trust Deed.

The truth of the matter is a Protected Trust Deed payment is always supposed to be set at a level that the applicant finds affordable, but as we all know, what maybe affordable for one person in their specific circumstances may not be affordable to another whose circumstances are different.

Indeed, it’s quite possible, in fact highly likely, that 2 people with the same debt level and similar incomes will be required to pay different amounts into their respective arrangements. This differential could be caused by a multitude of reasons, perhaps one person is single – whereas the other person has a family to support.

Equally, people who have fluctuating incomes, such as the self-employed, need to have their personal circumstances taken into account during the initial stages of the application, so that they can be sure the payments are affordable for them.

This is why it is essential to make sure you are advised correctly from the beginning of the application process.

It should also be said that when circumstances change for people who are already in a Trust Deed, the payments can be amended.

If you can afford to increase your payments during your Trust Deed, you will be expected to pay more, and equally, if you can’t afford to keep up with your payments, then your payments can be reduced.

At My Trust Deed Adviser, we have many years of experience to help guide you through this part of the process. Our advisers have the skills and experience needed to reduce the risk of you being asked to repay higher payments than you can actually afford.

So, how do we calculate how much your Protected Trust Deed will be ?

Firstly we establish how much income you receive each month from all the different sources you may have, and once we are confident we know the extent of your income, we set about calculating how much of your income you need to retain control of, to enable you to maintain your normal living costs, and it is at this stage of the application process we can make a difference to you.

We have years of experience behind us, built up from helping thousands of people with similar cases to yours and, as a result, we know what level of expenditure your creditors are likely to accept or perhaps decline when they assess your Protected Trust Deed application.

By applying our experience to your individual case, we can significantly reduce the chances of your creditors rejecting your application to allow your Trust Deed to be Protected.

We invite you to call the My Trust Deed Adviser Helpline for free on 0800 088 7503, and ask one of our specialist Trust Deed advisers to help you establish how much your Protected Trust Deed payment will be.