According to official AiB data, there were 2,971 Trust Deeds advertised in Scotland in the first half of 2022. This compares to 5,299 people using Trust Deeds in the previous year of 2021.
As a formal Scottish debt solution, the Protected Trust Deed remains the most commonly used formal method of repaying debt in Scotland. For comparison, AiB data shows that in 2021, there were 4,492 approved debt payment programmes under the Debt Arrangement Scheme (DAS).
Trust Deed Scotland® is the No.1 rated debt solutions company on Scotland based on our Trustpilot reviews and we’ve helped over 25,000 people use Trust Deeds to achieve life after debt.
For the whole of 2021, 98.5% of our Trust Deeds gained protection status, and this figure remained the same for the first quarter of 2022.