Trust Deed Scotland ® is a full member of the Debt Resolution Forum, promoting professional standards throughout the industry

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  • Lower monthly payments Write off unaffordable debt using Scottish legislation

  • Protects home owners Suitable for homeowners and tenants and Protects your car*

  • Scotland's largest* 98% rated Trust Pilot Free debt advice

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Latest Customer Reviews Over 700 genuine reviews verified by Trust Pilot

What is a Trust Deed?A Scottish trust deed is a formal debt solution that lowers your monthly payments into a manageable amount and typically lasts 48 months. After this time, the remaining debt is written off. Trust deeds are only for people resident in Scotland. A protected trust deed means creditors have agreed to the arrangement. It means they cannot chase you for the money and cannot take court action against you to recover the debt. Trust Deed Scotland will work with you to help you find the best solution to your debt problems.

Gain control of your finances

Every year over 6,000 people in Scotland who feel the payments and interest to their debts are too high, benefit from Trust Deeds. Trust Deeds allow you to pay a reduced monthly payment, on a fixed timeframe, (typically 4 years), based on what you can afford, while keeping your home, car and other assets, (subject to creditor approval and discussed prior to the Trust Deed being agreed).

During this time, any interest and fees on your debts will be frozen and your creditors are legally prohibited from contacting you for payment. Upon completion of your Trust Deed agreement, any remaining debt will be written off, leaving you debt free. Once your debt solution has been formally agreed by your creditors, you will make one payment per month to your trustee for the duration of the agreement.

Debt free in 48 months

Once the arrangement ends, you will be debt free and able to start to rebuild your credit rating. With any debt solution, there are pros and cons, which is why it is so important to seek professional advice first. A good way to do this, is to check if the company you are dealing with is regulated and to read genuine feedback from its clients.

It is important you make an informed decision on whether or not a Trust Deed is the right debt solution for you as other options may be more suitable for your circumstances. Many of your queries and concerns may have been covered in our FAQ section.

Tamara Kennedy

Trust Deed Scotland Example

See how a Trust Deed could help you
  • Complete creditor protection Stop creditor hassle - Scottish legislation

  • Pay what you can afford Typically over 48* months

  • £5000 minimum debt level Depending on individual circumstances

  • Lower monthly payment Depending on individual circumstances

Old Monthly Payments


New 48 Monthly Payments


Total Repaid £8400 Debt Written Off

  • Personal Loan £12,000
  • Credit Card £6,000
  • Store Cards £1,600
  • Council Tax £1,200
  • Total Debt £20,800

Why Choose Trust Deed Scotland?Trust Deed Scotland help thousands of people every year and is the largest in Scotland for advice on Scottish debt solutions. We have full membership of the Debt Resolution Forum (DRF) and specialise in providing free, confidential debt advice with no hidden charges.

We make it easy

We can explain Trust Deeds and the other debt options available to you, such as: the Debt Arrangement Scheme (DAS); Minimal Asset Process (MAP) and Sequestration. Trust Deed Scotland has hundreds of verified reviews on Trust Pilot, with an average score of 98%.

We receive such positive feedback due to: our industry leading training and ethical debt advice. We cannot stress enough the importance of approaching a company that has the necessary qualifications and experience in this field. Always ensure the company you are dealing with is governed by the Financial Conduct Authority, (FCA).

Experts in Trust Deeds

Our credentials have led to several companies claiming to be related to Trust Deed Scotland, in order to attract business. Trust Deed Scotland does not work with any other debt advice companies. Please inform us if you receive any unsolicited communication.

Our advisors cover the whole of Scotland and are trained to the highest standards. This includes acting with full discretion and providing non-judgmental advice at all times. At Trust Deed Scotland, we understand the impact that debt can have on all areas of your life. Every year, we help people from a vast variety of situations. You are not alone.

Clients' feedback
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About Us Why people trust us..
  • DRF qualified debt advice
  • Over 700 independent reviews
  • Largest in Scotland for Trust Deed advice
  • Industry regulated
  • Free confidential debt advice
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How is the Trust Deed payment calculated?

Your contribution is based on the disposable income remaining once your living costs have been deducted from your income. Most people are much more comfortable once they enter a Trust Deed as they will be making one affordable monthly payment instead of higher, separate payments to their creditors. Try the Trust Deed Wizard for an indication of how much you could expect to pay monthly in your Trust Deed.

Who can do a Trust Deed?

Scottish residents with £5000 or more unsecured debt may be eligible for a Trust Deed.

I am a homeowner, do I still qualify?

You can qualify as a homeowner, private tenant, council tenant or if you live with your parents. If you own your home, your advisor will explain the process of protecting your house during the initial assessment. Try the Trust Deed Wizard to find out how a trust deed could help you get on top of your finances.

Will my creditors agree to a Trust Deed?

Over 98% of Trust Deed proposals are accepted. If a creditor wanted to object, it would do so in writing within five weeks of your Trust Deed being proposed. Even then, it would only fail if that creditor represented over 33% in the total debt value or over one half in number. If the creditors to the value of 67% of the total debt agree to the proposal, then the other creditors will still be legally bound by its terms, even if they object. In the unlikely even your Trust Deed did fail, the trustee would negotiate your case in an attempt to have it accepted and you will also be advised on other Scottish debt solutions such as the Debt Arrangement Scheme (DAS) and sequestration.

How do I set up a Trust Deed?

Put your details on the website or call in to the office and arrange a free meeting with one of our qualified debt advisors. They will talk you through your options and help you make an informed decision on the debt solution best for your needs. Your advisor will provide you with a checklist of any additional information required and once we receive it we can begin drafting your case. Your advisor will arrange a meeting with you to finalise the paperwork, return any original documents you gave to us and answer any final questions.

Your adviser will also help you set up your first Trust Deed payment at this stage and then you can stop any current payments to your creditors. Try the Trust Deed Wizard to see how a Trust Deed could help you become debt free.

Will my credit rating be affected if I enter a Trust Deed?

Yes, your credit rating will be affected but remember it will already have been negatively affected if you have missed any payments to your creditors. Once your Trust Deed term has finished, you are free to rebuild your credit rating.

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Trust Deed Wizard
Date published: 12/06/2015
5 / 5 stars