Why a Protected Trust Deed?
A protected trust deed is a form of government legislation which guarantees you to be absolutely debt free in 36 months. It can allow an individual to write off up to 90 percent of any unsecured debt. It reduces your outgoing payments by a significant amount and allows you to get back to financial stability.
Once your creditors are notified they are allowed to contact you within the 5-6 week period that it takes to set up, however, after that they are no longer allowed to contact you. The only thing that cannot be included is secured debts like finance taken against your home.
