Financial Revival
Glasgow, Lanarkshire
(4)
Glasgow, Lanarkshire
(4)
Financial Revival is an independent debt counselling service. Our clients include people and businesses seeking help with a range of financial issues and problems right across Scotland. Giving help and facts on Trust Deeds, Sequestrations, Debt Arrangement Schemes (DAS) Minimal Assets Process (MAP) and more.
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4 customer reviews
Richard Slater
Everything they said they could do to help they did. Thats me 6 months into it now and no issues as of yet. Definitely recommended
Reviewed on Google Maps
John Hunter
I called these guys and asked about a Scottish Protected trust deed and they told me until they knew my full situation, they weren't in a position to advise anything. I knew from that point I could trust them to help me and that they did. I've not felt this stress free for years. Fantastic group of people More...
Reviewed on Google Maps
Noyon Thompson
Great advice, friendly team really put me at ease
Reviewed on Google Maps
Business Social Media Management
Really helped me, great team of people who really care, everything was explained no jargon I will be debt free in a few years and the worry is gone, thanks
Reviewed on Google Maps
What do you love most about your job?
What we love most about our line of work is seeing the difference we make to peoples lives, as most of these clients see now way out and don't realise that one of the main sources of their stress is managing their financial situation. The moment you see this stress being removed from your clients and what a change in perspective they have towards life and the possibilities, makes this job one of the best out there.
What inspired you to start your own business?
I started this business as I felt a responsibility to give something back to the local areas I grew up. Knowing what I can do for people lives now after my years of experience has lead me to building from noting to a business renowned for ensuring every client we speak to receives help and advice on whatever they need
Why should our clients choose you?
We do not discriminate against age, race or sexual orientation. Whatever the debt level we have partners to help you and if your issues are stress related besides finances we have partners who can assist you in for any issue.
Scottish Protected Trust Deed
A Trust Deed is a legally binding agreement between you and your creditors, whereby you agree to transfer all of your assets and liabilities to an Insolvency Practitioner, who will act as your Trustee. Your income & expenditure is assessed and a contribution agreed. You will make this contribution for a period of 48 months and thereafter, the remaining debt is written off. Your creditors are given 5 weeks to decide whether to accept or reject the proposal and as long as most of your creditors agree, the Trust Deed becomes protected. This means that your creditors can not take any action against you for recovery of a debt included in the Trust Deed and all interest and charges are frozen.
Pro’s
Freezes interest and charges
Protects you from creditors taking legal action to recover the debt
Any debt you cannot afford to repay is written off
Con’s
You may need to realise any equity in your property
Your credit rating may be affected
Your Trustee may make you Bankrupt if you do not comply with the terms of the Trust Deed
