These are the questions most frequently asked about our services
What makes Moneytalk Scotland different from other debt management companies?
As a leading provider of Protected Trust Deeds we honour ourselves in being a professional total solutions provider here in Scotland. We are licensed under the 1974 consumer credit act making any debt advice we give totally professional. We realize that every call is unique and therefore our friendly advisors treat every individual call personally and in the client’s best interests. Also our management fee is fixed compared to other providers that work on a percentage of payment basis.
What do Moneytalk Scotland do?
We negotiate with your unsecured debt companies to get all interest and charges frozen on your accounts. We work very closely with yourself to ensure we reduce your monthly payments down to a level which is suitable for you. Also we will take one montly payment from you and distribute it to your creditors putting all your outgoings in the one place and making life easier for yourself.
What is a Trust Deed?
A trust deed is a formal agreement between you and your creditors. It is a form of Government Legislation designed to help you clear your debts over a fixed period of 36 months (3 years).
How can a debt management company help me?
If your debt levels are £3000 or more then we can help by offering expert advice and managing your debts for you. At any levels of debts our negotiators have years of experience in dealing with your financial issues.
How much will I have to pay?
It will depend on what you can afford. Our fully trained staff will work out a monthly payment plan
Will creditors continue to Harass me?
No. Moneytalk Scotland will handle all correspondence with your creditors relieving the pressures from you.
Will My Credit history be affected?
Yes. Whist you are in any debt management plan with Moneytalk Scotland you will not be able to obtain credit. However the purpose of the plan is to help you escape from your debt problems and start from fresh.
What happens when I apply online?
After filling out an online application form, one of our fully trained advisors will contact you to find the best possible solution to your problems. By agreeing to enter into one of our plans, it will allow our staff at Moneytalk Scotland to negotiate with your creditors.
There’s no harm in enquiring as you will not be charged or held under any obligation
What kind of debts does Moneytalk Scotland deal with?
We deal with all unsecured debts ie. Loans, credit cards, car finance, store finance, tax arrears, overdrafts ect. We also pride ourselves as specialists in dealing with severe debts of £10000 and over.
