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Posted on Wednesday, 25 April 2012If you've found yourself in financial difficulty to the extent where you can no longer manage your debts, you may have heard about Individual Voluntary Arrangements (IVAs). Due to differences in legislation, IVAs are only available in England, Wales and Northern Ireland, but there is an alternative, and the
Scottish IVA, or rather a Protected Trust Deed (PTD), actually has numerous advantages over the IVA.
So if you've got serious debt problems, how do you go about getting a PTD?
Step 1: Find out if you qualify.
A PTD isn't available to anyone who has debt, so first you will have to find out if you qualify. It is ...
Read more of How to Get a Scottish IVA Posted on Friday, 13 April 2012Unfortunately, more and more people are finding themselves in debt - often due to circumstances beyond their control. Admitting to yourself that you are no longer in control is an important first step, but people will often jump too quickly into making a decision about what route to take next. At Trust Deed Scotland, we make sure that when people come to us, they fully understand their options, and equip them with the knowledge they need to carry out proper
trust deed reviews.
So what should people be on the lookout for when considering which company to go for?
Are They Recommended?
It may be that a friend or fami...
Read more of Trust Deed Reviews and Choosing the Right Company Posted on Monday, 2 April 2012Debt can place a huge financial strain on an individual's life, and if you have found yourself in a position where you are unable to meet repayments and you have debt in excess of £10,000 then we at Trust Deed Scotland are here to help. As an insolvency practitioner, we can offer you sound financial advice on how to manage your debt and how to get a trust deed to clear 90% of your unsecured debt.
A trust deed is a government led legislation which allows individuals with debt exceeding £10,000 to write off up to 90% of their unsecured debt. However, to successfully apply for this you need to speak to a member of the team based at Trust Deed Scotland t...
Read more of How to Get a Trust Deed to Clear your Debt Posted on Tuesday, 27 March 2012 in Latest NewsTrustdeedscotland.net has built an enviable reputation of giving qualified ethical debt advice to thousands of people throughout Scotland.
We are currently legally investigating companies who are cold calling people claiming to be associated or passing off as Trust Deed Scotland.net
Passing off is a term used when a company or individual represents themselves in a way that may mislead potential customers into believing that they are dealing with a different, more established company.
A senior figure at trustdeedscotland.net said "We never have and never will cold call people. Companies claiming to be "
Trust Dee...
Read more of Warning over companies claiming to be Trust Deed Scotland Posted on Monday, 19 March 2012In the United Kingdom, those wishing to avoid bankruptcy and get their finances back on track can make use of an Individual Voluntary Agreement (IVA) - an agreement between the debtor and creditor to allow for a more manageable repayment process. As an IVA doesn't apply to Scottish residents, many may be left wondering if there is an
IVA Scotland equivalent, and here at Trust Deed Scotland we are here to explain to you that there is - in the form of a Trust Deed.
A Trust Deed works very much in the same way as an Individual Voluntary Agreement and allows Scottish residents that are financially strugglin...
Read more of What is the IVA Alternative in Scotland? Posted on Tuesday, 28 February 2012If you are a resident of Scotland and are currently struggling with a debt over £10,000, you may now be wondering, what is a protected trust deed and how can it help me? Here at
Trust Deed Scotland we have devised this quick article to describe to you exactly what a protected trust deed is and how it can aid with your finances.
Most similar to an Individual Voluntary Agreement that is used in England, Wales and Northern Ireland, a protected trust deed allows you to manage any debts you have over a realistic timeframe and then after an agreed period (usually 36 months) write them off. This agreement will be ...
Read more of What is a Protected Trust Deed? Posted on Monday, 20 February 2012 in Latest NewsIf debt is placing a substantial strain on your finances and you are struggling to find the money needed for your monthly repayments, then you should carefully consider a Scottish trust deed; but what are
trust deeds? To answer this frequently asked question, we at Trust Deed Scotland have devised the following guide to supply much needed clarification on what a trust deed is, who can apply for a trust deed and whether it's something you should be considering.
What is a Trust Deed?
Introduced in 1985 by the Government, a Trust Deed is an effective alternative to sequestration,...
Read more of what are trust deeds? Posted on Monday, 13 February 2012 in Trust Deed Scotland NewsIf you're struggling to manage your debt then you may be interested to learn more about a Scottish Trust Deed - but
what is a trust deed? This is a question that as a professional Insolvency Practitioner we here at Trust Deed Scotland get asked on a frequent basis, which is why we've devised this useful guide which gives a full description of what a trust deed is and how it could help alleviate the financial strain you are currently experiencing.
What is a Trust Deed?
Designed to support those with debts exceeding £10,000, a Trust Deed uses government legislation to help manage debts and construct a realistic payment schedule that u...
Read more of What is a Trust Deed in Scotland? Posted on Wednesday, 25 January 2012 in Statisitics and Legislative NewsThe Accountant in Bankruptcy have released their latest quarterly results and the official stats show that 2,049
Protected Trust Deeds have been recorded - a 2% drop from the same period at this same time last year.
The stats show all records of personal insolvency in Scotland but perhaps the most eye-catching statistic released is that the number of recorded
Debt Arrangement Schemes have virtually doubled from 440 in Q3 2010/2011 to 878 in Q3 2011/2012.
Trust Deed Scotland who in 2010/2011 spoke to thousand...
Read more of Protected Trust Deeds Q3 2011 Stats Released Posted on Monday, 23 January 2012 in Debt NewsThe number of people requiring
Debt Help in Scotland is set to continue at the same level as it did last year and people from all walks of life are understandable feeling the current financial strains.
Perhaps it is not too surprising then that members of the Scottish Armed Forces, many of which have families based in Scotland are also struggling with debts.
The Scottish Armed Forces have their own internal mechanisms to help our troops in times of financial difficulties; after all it is important that the Armed Forces can concentrate on the job in hand rather than being worried ab...
Read more of Scottish Armed Forces And Availability of Debt Help in Scotland Posted on Thursday, 19 January 2012 in Debt NewsIn 2011 people across Scotland from all walks of life found themselves in severe financial difficulties and almost 9,000* are estimated to have used
Scottish Trust Deeds to manage their
debts in Scotland.
In the same period, Trust Deed Scotland have spoken to many people and helped individuals with debt problems to understand
what is a trust deed, how it works and the alternatives. There are some myths about Scottish Trust Deeds an...
Read more of Scottish Trust Deeds - Exposing the Myths Posted on Monday, 16 January 2012 in Debt NewsPeople across Scotland are struggling to repay their unsecured debts such as credit cards and
store card debts. Anyone who has dealt with the harsher side of debt recovery may have experienced a final demand call or threatening action from a DCA.
Debt Collectors are usually paid commission based on value of recovery and speed of recovery and with big bonuses to be made and at the hands of overzealous debt collectors therefore it is perhaps understandable why some people, who do not know their rights become scared and further borrow beyond their means.
Do not Let Debt Collectors Bully You!<...
Read more of Received Unfair Treatment from Debt Collectors in Scotland? Posted on Wednesday, 11 January 2012 in Other Financial NewsThe
UK Debt Charity CCCS and Martin Lewis's
Money Saving Expert have joined forces to publicise the use of unsolicited debt text messaging from unscrupulous organisations targeting people with debt problems.
Using Twitter, both the CCCS and Money Saving Expert are encouraging people to report any text messages that they receive from debt and loan companies, a move which has proven to be highly successful according to Leeds based CCCS.
Trust Deed Scotland, who have provided ethical debt advice to thousands of Scottish residents backed the campaign and advised "We are pleased that this type of marketing has been exposed publi...
Read more of Unsolicited Debt Text Messages Cause Distress to 9 out of 10 people Posted on Tuesday, 10 January 2012 in Debt NewsAs seen on STV, Trust Deed Scotland is a leading introducer of
Trust Deeds but not everyone has heard about this form of government legislation that can be used to write off a significant amount of a person's unsecured debts and become debt free in typically 36 months.
There are also other debt solutions in Scotland such as the Debt Arrangement Scheme which also takes advantage of government legislation and allows people based in Scotland to legally freeze interest and charges.
If you have an insurmountable personal debt issue, struggle to repay your debts and owe over £10,000 you may qualify for a ...
Read more of Debt Solutions Scotland - What Options Are Open To Individuals Struggling with Debt in Scotland? Posted on Friday, 6 January 2012 in Other Financial News2011 saw an increase in the number of people seeking
money advice in Scotland from Scottish owned and operated Trust Deed Scotland due to a variety of reasons such as the rising cost of living, which is affecting the lives of many Scottish families.
Earlier this week, it has been reported in the mainstream media that there are a number of 'Zombie Debtors' a term used to describe an individual who exists on a month-to-month basis and can only pay minimal repayments to their debts ensuring that the debt remains static.
In recent years, a number of payday loan websites have arisen and at this time of year when many people are feeling a post-Christ...
Read more of Money Advice in Scotland - Payday Loans Are NOT the answer!