Credit Card Debts Overwhelming You?

Credit Card Debts
Scottish Debt Advice Freeze Creditor Interest & Charges Using a Debt Arrangement Scheme or Trust Deed Solution

Home Symbol Repayment Based on YOUR Terms Restructure Multiple Credit Card Debts with a DAS or PTD

Pound Symbol Write Off Part of Your Credit Card Debt* Using a Protected Trust Deed

Handshake Symbol Include Any Other Unsecured Debts Personal Loans, Store cards and Bank Overdrafts

Try our NEW Trust Deed Wizard and see if you qualify »


* Write off up to 90% of your OVERALL unsecured debts - only unsecured debt, excluding IP fees.
Unsecured DebtsThis includes unsecured loans, credit cards, council tax arrears, bank overdrafts etc.

Note - student loans cannot be included in a Trust Deed. Net IncomeThis is your monthly take home pay including any other income

Example
Take home pay £1200
Child tax credit £200
Total net income £1400 ExpenditureThis includes all rent or mortgage payments and all other fixed outgoings that you pay each month.

Excluding your payments for your unsecured debt. Nearest CityWe have a network of Trust Deed providers throughout Scotland

Your location will help us recommend the best providers.

Credit Card Debts are causing problems for Scottish residents, with high interest rates and charges being a major contributor. In Scotland, many people are using government legislation to manage their finances and reduce their debts accrued by credit cards and other types of unsecured debt.

In Scotland for Scottish residents, there are solutions for debt that allow you to repay your debt as per your realistic affordability, keep assets such as your house and home and pay off your debts without resorting to further borrowing.

Trust Deed Scotland has given debt advice to thousands of Scottish residents, many of whom are now looking forward to the prospect of life after debt.

Are you struggling to Repay Your Debt?

If you can no longer afford to repay debts and you are finding that your monthly outgoings are consistently more than your income, you can restructure you finances using government legislation.

Seek help immediately!

You can get free and impartial advice from your local Citizen Advice Bureau or local authority to help you decide if you require assistance with your finances but if you are in this position, you should act now and attempt to resolve the issue before it get worse.

Every year, thousands of Scots are experiencing the same issues with the knock-on effects of a recession and rising cost of living and widespread job losses amongst other things. You are not alone.

What options are open to me?

You may be eligible for a Protected Trust Deed. A PTD can help you write off up to 90% of your unsecured debt in a typical period of 3 years, based on what you can realistically afford to repay. A Debt Arrangement Scheme can also be used to legally freeze interest and charges and are generally more suitable for homeowners with surplus equity and certain occupations. Other conditions may apply.

The best solution for your debts depends on your own unique circumstances, your ability to repay the debt and the criteria of the various debt remedy solutions. While there is no 'off-the-shelf' answer available, Trust Deed Scotland will be able to assess your case and recommend a solution tailored to you.

Where can I get a Trust Deed Quote?

For a free quote, simply complete our Trust Deed Calculator and we will provide you with an instant indication of whether you may qualify to manage your credit card debts in Scotland with a PTD.

Can I get instant confidential telephone advice?

Yes. You can speak to an adviser at Trust Deed Scotland now on 0141 221 0999. All advice is free, confidential and discrete. As a company proud of providing ethical debt advice, we aim to ensure that our debt advice is accurate, honest and comprehensive.

Will restructuring debt affect my credit rating?

Yes. If you choose any voluntary form of debt management in Scotland then you will find that your credit rating with be affected while during the process and for a number of years after completion, depending on which option you elect to go for. Consider also that if you do not repay your debts as originally agreed, your credit rating may eventually be affected with default notices and enforcement action by creditors.

Are there any other disadvantages?

Yes there are other significant disadvantages that you should be made aware of. Repaying unsecured debt such as credit card debts requires a commitment over several years and should you fail to keep up the terms, you could lose your home or put yourself into a worse position financially. Furthermore, should you not keep up the terms of the repayment - you could be made bankrupt (Sequestrated in Scotland).

While the repayment is based on what you can realistically afford to repay, should your circumstances change, in most cases you will be able to amend your repayment terms by extending the length of the elected debt solution.

Ultimately any decision that you choose to repay your credit card debts should be based on your circumstances and you should never be 'sold' using any type of debt management. Discussing your personal finances with any commercial organisation does not mean that you are obliged to proceed with that company and it may be advisable to research any company that you choose to receive debt advice from. Call 0141 221 0999 for free advice from us.