Yes. Yes, a Trust Deed does affect your credit rating because you are breaching the original contractual terms of the credit agreement.
Consider that if you have already missed payments and defaulted on your agreements due to having unaffordable debts, then your credit may already have been adversely affected. If you continue to struggle with your debts and make minimum payments, you will have an increased risk of being unable to repay your debts within a realistic time period, meaning the chances of defaulting on your original agreements will increase as a knock-on effect.
Contact Trust Deed Scotland on 0141 221 0999 for expert advice today. Try our Trust Deed Wizard tool to find out what your options could be.