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Learn about Trust Deeds
A Trust Deed is a legally binding agreement between you and your creditors that could allow you to reduce your monthly payments, stop the creditors hassling you, and upon completion (usually after 3 years) write off any remaining unsecured debt.
How long does a Trust Deed last and what effect will it have on your credit rating?
A Trust Deed lasts for 3 years. Generally after 3 years you will be able to apply for credit again; however your ability to obtain it may be affected.
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