Length – Trust Deeds last for 4 years. After this time, any remaining unaffordable debt is paid off. With the Debt Arrangement Scheme, they last until all your debt is repaid, this can be up to 12 years.
Amount of debt – to qualify for Scottish Trust Deeds, you must owe at least £5,000 of unsecured debt. For the Debt Arrangement Scheme in Scotland, there is no minimum debt level.
Assets – A Debt Arrangement Scheme does not involve any assets.
There are other differences and alternative Scottish debt solutions, you should always get debt advice tailored to your own circumstances, as all cases are unique depending on your situation and affordability.