A Trust Deed is available to people who have been living in Scotland for more than six months and who have total unsecured debts of £5,000 or more.
There are many factors that can influence your eligibility for a Protected Trust Deed, including:
- Homeowner equity
- How much you can afford to pay
- Your debt level
- Who your debts are with
You can qualify as a homeowner (depending on your equity, don’t worry we will check this as part of the process), a private tenant, a council tenant, or someone who lives with their parents. If you own your home, your Trust Deed Scotland® advisor will explain to you how you can protect it.