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Trust Deed

What is a Trust Deed?

A Trust Deed is a debt solution available to residents in Scotland, similar to the IVA. It is a legally binding arrangement drawn up between you and your creditors in which you agree to pay your creditors what you can afford. In most cases this means paying back only a percentage of what you can afford.

It is designed to enable those who cannot afford to repay their debts a way to establish a monthly repayment schedule based on what you can actually afford. The payment is collected each month by an Insolvency Practitioner (person who manages a Trust Deed) and distributed to the creditors on your behalf.

A Trust Deed usually lasts for a period of 3 years, at the end of which any remaining debts are effectively written off leaving you with no more unsecured debt..

A Trust Deed is a serious option for addressing your debts so it should be considered carefully. IT can impact your credit rating. If you are a homeowner, you may also be required to release any equity. Read more advantages and disadvantages below.

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

Fill in the form if you would like to find out more about a Trust Deed and if it might be a suitable option for dealing with your debts.

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Fees and key info

We are happy to provide you with debt advice only. We only charge a fee if you opt for one of our debt solutions. Fees will depend on which debt solution we provide and what your personal circumstances are. All fees will be discussed prior to commencement of any service or debt repayment plan. Click here to read our fees and key info Please note: From time to time we may refer you to other services providers or charities such as the CAB.


If you’d like more information on other sources of free debt help and advice you can visit MoneyHelper – an organisation, backed by government and set up to offer free and impartial advice to those in debt. - Click here to visit MoneyHelper

Trust Deed Advantages and Disadvantages