Protected Trust Deeds – How it works
Using formal legislation, we have helped people reduce their overall debt payments to one fixed affordable monthly repayment
Do I Qualify
25,000 Helped
No.1 Rated
FCA Regulated
No Setup FeesProtected Trust Deeds – How it works
Using formal legislation, we have helped people reduce their overall debt payments to one fixed affordable monthly repayment
Do I Qualify 25,000 Helped No.1 Rated FCA Regulated No Setup FeesProtected Trust Deed example
Protected Trust Deeds are a voluntary and legally binding agreement that can replace all your unsecured debt payments into an affordable single monthly payment paid typically over 4 years.
Personal Loan
£14,000
Credit Cards
£9,400
Store Cards
£800
Council Tax Arrears
£1,200
Total Debt £25,400
Old
£975
New
£293
Reduced by
70%
* Subject to creditor acceptance. Reduced by figure based on previous contractual payments. Payment subject to individual circumstances. Credit rating may be affected
All debt solutions follow the same steps
Just follow our 5 simple steps to become debt free
We understand that dealing with debt can be stressful, but it doesn’t have to be. Every year we help thousands of Scottish residents protect their home, car and lift the burden of debt to enjoy a debt free future. We recommend you look at what options are available to you so you can make an informed decision, you can do this by:-
We can work out your new affordable lower monthly payment and advise you through your options, some of which can even write off the debt you can’t afford.
If you want to proceed with a debt solution, whether it be a Protected Trust Deed, or an alternative method – We will start working on your proposal to make sure your creditors will accept it.
The next step is to get the Protected Trust Deed approved by your creditors.
Typically you make your first affordable payment once your plan is approved, during this time:-
When considering whether a Trust Deed is right for you, also remember that there are other solutions available to you, that you may find beneficial.
The Debt Arrangement Scheme (DAS) is another statutory debt solution that shares many of the same benefits as a Protected Trust Deed but has likewise it has its own risks and benefits.
If you are self-employed, it is possible to apply for both a Protected Trust Deed and DAS.
Find out more about your self-employed debt help options by calling our experienced team on 0141 221 0999.
We’re No.1 In Scotland
With more Protected Trust Deed reviews on Trustpilot than anyone else.