Trust Deed Scotland Can Help

Why use Trust Deed Scotland?

✓ We have given debt advice to thousands of people
✓ We are owned and operated in Scotland
✓ We only recommend leading Trust Deed providers
✓ Unrivalled geographical coverage
✓ We only give ethical debt advice
✓ No setup fees

If you get a trust deed, your credit rating will be affected, which can make it more difficult and possibly more expensive to get credit for the six years it stays on your credit report.

Trust Deeds are only available for Scottish residents, who have lived in Scotland for a minimum of 6 Months.

We do not charge you any upfront fees for our service. We provide ethical debt advice and do not charge 'assessment fees' for our service as it would be contrary to our core values. Likewise debt advice from ourselves is free of obligation. Find out more about Trust Deed Scotland and how we can help you by calling us now on 0141 221 0999.

The vast majority last just 36 months, although in some cases this can be extended to 48 months. You also have to take into account that it takes an average of 5 weeks to get protected once your proposal has been made formal. Your creditors will also need to update your credit rating accordingly and this can sometimes take a number of weeks for them to process. Call us on 0141 221 0999 for more details.

Every year in Scotland, thousands of people use Trust Deeds to clear their debts and in the financial year of 2010-11, the actual number of Scottish people who used Protected Trust Deeds to clear their debt was 7,980. Alternatives such as DAS are growing in popularity too.

Yes. Trust Deeds can write off up to 90% of your unsecured debt (excluding IP Fees, which can range from £2,500 - £4,500 excluding VAT and outlays, see What is a Trust Deed.) The actual amount of your unsecured debt that will be written off will depend on your personal circumstances and the offer of repayment that you agree to make to your creditors. You can speak to an adviser in confidence on 0141 221 0999.

Yes. Once protected your creditors legally cannot pursue you for further interest and charges and provided that you complete the repayment of your agreement, you will never need to deal with your creditors ever again, as your trustee (IP) will deal with this for you. Any correspondence that you receive from your lenders if at all, will need to be forwarded onto your Trustee but that is all.

Many people still qualify for Trust Deeds regardless of home ownership status. Some firms may charge a fee to protect your equity but we do not work with these types of companies. You would not be referred if your home was in danger and there are alternative solution such as a Debt Arrangement Scheme which may be more suitable.

A Trust Deed is the equivalent of an Individual Voluntary Arrangement in Scotland. There are some differences such as the minimum debt level threshold and length. A Trust Deed lasts for 36 months with minimum debt level of £10,000, whereas an IVA would last for 60 months with an unsecured debt level of typically £15,000. If you have resided in Scotland for the last six months then generally you should be classified as a Scottish resident.

Yes, a home visit can give you a lot more insight into the whole process, have all your questions answered and we also encourage home visits for your own peace of mind and to meet the person who will be administering your case. If a home visit is not your preference, you can arrange your application by telephone, or you can visit their offices. We use organisations with a presence throughout the country with most have easily accessible offices throughout Scotland.

Only an insolvency practitioner can administer a Trust Deed. They are regulated by the Accountant in Bankruptcy (AiB) and other regulatory bodies and in order to ensure that consumers are protected and best advised. Some self-help resources can be found to allow people to manage their own debts and should the debts be manageable then this is a good option.

There is no credit checks involved in setting up, however we need to make you aware that you will not be allowed to take our further credit for the duration of your Trust Deed and your credit rating will be severely affected for a number of years afterwards. Credit rates will not be favourable and you will also need to begin a process of rebuilding your credit rating. Call 0141 221 0999 to find out more.

You can start the process of applying by completing our online enquiry form for an immediate call back or you can use our calculator for a quick indication on whether you would be eligible. Alternatively, you can call us on 0141 221 0999 and speak to an advisor now. Remember too, if you are not eligible, there are usually other options open to help you.

You can get an online indication by completing the enquiry form or you can call us on 0141 221 0999. All calls are confidential, free of charge and without obligation. Some people say that the most difficult step to take is taking the plunge and asking for help. We aim to provide advice that is fair, transparent and non-judgemental. Very rarely do our advisers see a case that they have done so already. Indeed thousands of people have spoken to us about their financial difficulties so do not feel embarrassed. We are here to help!

Yes, in Scotland there are a number of options open to you but your eligibility for each debt solution depends on your own individual circumstances. These alternatives include Debt Arrangement Schemes, Sequestration (Certificate for Sequestration and LILA Sequestration) and we will provide comprehensive information on the pros and cons of each solution and how it may impact your situation.

As a provider of ethical debt advice, we aim to highlight the key differences of the Trust Deed and how it could affect you and you will not be pressurised into making any decisions. Call 0141 221 0999 now for further advice.

The process is actually quite simple. Your household outgoings are added together and subtracted from your gross income which leaves what is known as your disposable income. This disposable income is then used together with your total unsecured debts to calculate a repayment proposal which is then submitted to your creditors.

When your Trust Deed becomes protected, you will then be locked into a legally binding agreement to repay your debts over a typical period of 36 months. When discharged, you will be then become completely free from unsecured debts. Find out more about What is a Trust Deed or call us on 0141 221 0999. We have experienced advisers ready to take your call and help you realise the prospect of a life after debt!