Trust Deed Scotland News

What is a Trust Deed in Scotland?

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...

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Advice on avoiding Christmas Debt

Posted on Wednesday, 7 December 2011 in Trust Deed Scotland NewsAt this time of year most people in Scotland share a common financial burden. Christmas.

For many Scottish households this inevitably means accruing debt and a post-Christmas debt misery and in order to help residents of Scotland avoid this happening, Trust Deed Scotland have released advice on how to avoid this.

Plan a budget

In order to get through Christmas successfully you could draw up a list before heading outside. Establish what you have to spend and adjust your plan accordingly. It may seem a little Scrooge-like and un-festive but if you can write a list of the people you wish to give a gift to and then a...

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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.

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