facebook
Do I Qualify Trust Deed Scotland

Trust Deed Scotland

A Protected Trust Deed is a formal agreement that will enable you to stop your existing payments to your unsecured debts such as credit cards or loans etc which you either can’t afford, or realistically pay off, and replace them with a new affordable lower single monthly payment paid over a fixed timeframe (typically 4 years). After the trust deed is completed, all your qualifying unsecured debts are written off, and you will be debt free.

The advantage of a Protected Trust Deed is that a licensed Insolvency Practitioner, commonly referred to as a ‘trustee’ will deal with your creditors for you so that you can just get on with your life without worrying about debt, a trust deed can also protect your house and car.

Not everyone qualifies for a protected trust deed, to find out if it’s an option for you, simply start with the online form  below or simply call us on 0141 221 0999 Our advice is free, with no obligation and no setup fees.

Trust Deed Scotland Largest in Scotland
Trust Deed Scotland Non Profit
Trust Deed Scotland FCA Regulated
Trust Deed Scotland Community Interest Company

What is your approximate debt level?

What our customers say

Over 1,000 genuine reviews verified by Trust Deed Scotland

You're in safe hands





 

Here's an example of what we can do

See how a trust deed could help you with this simple example to consolidate all unsecured debts into one smaller monthly payment over 4 years, then you will be debt free.

Unsecured
debts

Trust Deed Scotland

Personal Loan

£12,000

Trust Deed Scotland

Credit Card

£6,000

Trust Deed Scotland

Store Cards

£1,600

Trust Deed Scotland

Council Tax

£1,200

Total Debt £20,800

Trust Deed Scotland

Your monthly repayments

Old
£636

New
£175

Debt
written off

60%

* Subject to creditor acceptance * Payment subject to individual circumstances * Credit rating may be affected

Trust Deed Scotland Trust Deed Scotland Trust Deed Scotland Trust Deed Scotland Trust Deed Scotland Trust Deed Scotland Trust Deed Scotland Trust Deed Scotland

Got a Smartphone ? It’s now even easier to get debt advice

We have made it easier than ever with our unique Trust Deed Wizard® It’s secure, easy to use and gets you connected with a qualified advisor from your mobile.

Fast same day setup

The Trust Deed Wizard® is an easy to use application that will enable you to find out what your options are. Our experienced advisors will help you through the process enabling you to get advice quickly and simply.

  • 100% Encrypted, secure & confidential
  • Don't know all your debt ? We can help
  • Easy to use text chat

 

Facts about trust deeds

  • Every year,  thousands of people in Scotland benefit from trust deeds who have over committed to debt repayments and high interest rates on credit cards and loans etc.
  • A trust deed will allow you to stop paying your existing debt payments and replace it with a new single affordable monthly payment to your debt on a fixed timeframe, typically 4 years, while keeping your home, car and other assets.
  • 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 written off, leaving you debt free.

Why use Trust Deed Scotland?

Trust Deed Scotland® Have helped over 15,000 people enter trust deeds and are the largest FCA regulated company in Scotland for debt advice, we are non-profit and will always have your interest at heart.

Scotland’s leading debt advice company

Trust Deed Scotland

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

Over 1,000 five star verified reviews on an independent review website Trustpilot, with an average score of 98%

Trust Deed Scotland

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).

 

For life after debt, trust us

Trust Deed Scotland

We have the highest customer satisfaction rating for debt advice not only in Scotland but in the whole UK.

Trust Deed Scotland

Our advisors are based in Scotland and only deal in Scottish debt solutions.

Trust Deed Scotland

We understand the impact that debt can have on all areas of your life.

Frequently Asked Questions

Got a question? Maybe we have an answer for you here . . .

As with all debt solutions the main impact for you will be it will affect your credit rating. Credit reference agencies will assess the level of risk based your on financial history which may include a Trust Deed.

People worry that they will be chased for payments when the trust deed is running, However this is not the case, a protected trust deed uses formal legislation, meaning your creditors are legally bound not to contact you for any payments, as the payments for your debt will now come from your trust deed contributions.

This is a common question that people ask us, and the answer is yes - your mortgage and car payments are ring-fenced so you would just continue paying them as normal - subject to approval. If your house or car were at risk you would not look at a trust deed as an option and would look at alternatives, your advisor will explain how we can protect your house and car. Try the Trust Deed Wizard ® 

Over 98% of our 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 67% of creditors agree with the proposal, then the other creditors will still be legally bound by its terms, even if they object. In the unlikely event 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.

Almost all unsecured debts such as:-

Unsecured Bank Loans
Payday Loans
Credit Cards
Council Tax Arrears
Store Cards
Catalogues
Overdrafts
Credit Unions
Previous Mortgage
Previous Car HP
HMRC Bills (self employed)

The main unsecured debt than can’t be included is student loans.

More information on trust deeds :- protected trust deed page 

Blog

Trust Deed Scotland

How a Trust Deed affects your Credit Rating

Our Debt Guide

This content comes from a hidden element on this page.

The inline option preserves bound JavaScript events and changes, and it puts the content back where it came from when it is closed.

Click me, it will be preserved!

If you try to open a new Colorbox while it is already open, it will update itself with the new content.

Updating Content Example:
Click here to load new content

--}}