Protected Trust Deed:

Mrs F. owed £31,500 and was paying over £570 per month which she could not afford. She was getting deeper into debt, and becoming more stressed. She had a large family, and her marriage had recently broken down.

After careful appraisal and review, she signed a Protected Trust Deed, agreeing to pay £250 per month to her creditors for 3 years. At the end of this period the balance of her debts will be written off, and she will be released from the Trust Deed

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Remortgage:

Mr and Mrs E. had debts of over £50,000 on which they were paying out over £850 per month. In addition they had monthly mortgage payments of £777.

However they had equity in their house and after review were advised to re-mortgage and clear their unsecured debts. The result was a new monthly mortgage payment of £968. This meant that they were paying out at least £700 per month less than before.