Trust Deed | Scotland | Deed of Trust | Protected

What is a Trust Deed? Write off the debts you cannot afford

A Trust Deed (or Protected Trust Deed) is a government backed scheme drawn up between you and your creditors in which you agree to pay your creditors a percentage of your total debts, depending on what you can afford.

A large amount of your debts could be legally written off. It is very similar to the IVA which is available in England, Wales and N. Ireland except the Trust Deed usually lasts 3 years, not 5 years.

How does a Trust Deed work? A Trust Deed Example

Example of a Trust Deed

Trust Deeds are only available in Scotland. Trust Deeds were designed to enable those who cannot afford to rpay their debts a way to establish a monthly repayment schedule based on what you can actually afford. One payment is collected each month by an Insolvency Practitioner who in turn deals with any creditors on your behalf.

A Trust Deed usually lasts for a period of 3 years, at the end of which any remaining debts are written off leaving you completely debt free.

Advantages of Trust Deeds

• A large portion of your debts could be written off
• Provides protection from your creditors
• No court appearance and no adverts in the local papers
• All Interest is frozen
• You will be debt free within 36 months

How much does it cost to setup a Trust Deed? | Trust Deed Fees

Unlike some companies who provide the same services as us, we will never take any upfront fees

A Trust Deed is structured in such a way that your creditors agree how much fees are charged for setting up and supervising your Trust Deed agreement. This fee is taken from the overall amount that you pay into the arrangement so you will never pay any more than your monthly payment.

Since the fees are decided and settled by your creditors, you only need to worry about choosing the right Trust Deed provider who will give you the service you require. We are the longest established provider of Trust Deeds and have a very high acceptance rate for Trust Deeds. We have dealt with all types of debt problems so give us a call now.

NOTE: Some firms try to charge for advice and setting up the arrangement.
NEVER PAY ANY UPFRONT FEES FOR ADVICE OR TO SETUP A TRUST DEED.

Remember, a little bit of advice can go a long way. Contact us to see what options are available to you.

Want to know more about Trust Deeds?

Read our Trust Deed Frequently Asked Questions (FAQs)
Read some Trust Deed examples for our clients
Read our Trust Deed Testimonials