Trust Deed | Scotland | Deed of Trust | Protected

Trust Deeds are only available in Scotland, so only residents of Scotland can apply. Trust Deeds were designed to enable those who cannot afford to pay 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.

It usually takes between 4-6 weeks to set up a Trust Deed.

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.

You should expect that your credit rating would be adversely affected by going into a Trust Deed but if you are finding it difficult to meet your minimum monthly credit commitments then it is more than likely inevitable that you will start to default on payments and in turn this will also affect your credit rating. The difference however is that if you have signed a Trust Deed then you can be confident that as long as you make your monthly payments you will be debt free at the end of the arrangement and can make a fresh start. Remember that your credit rating is renewed every 6 years anyway.

If your partner is not signing a Trust Deed then they will be pursued for the remainder of the joint debt. Basically if the Trust Deed was to pay a dividend of 20p in £ (1/5 of the debt) then your partner will still be liable for the remaining 80% of this debt. Allowances will have to be made for this in your joint Income & Expenditure.

If your partner is not signing a Trust Deed then they will be pursued for the remainder of the joint debt. Basically if the Trust Deed was to pay a dividend of 20p in £ (1/5 of the debt) then your partner will still be liable for the remaining 80% of this debt. Allowances will have to be made for this in your joint Income & Expenditure.