- Lower your monthly payments
- Stop creditor pressure
- Write off debts you can't afford
How we can help you
people in Scotland we've helped so far
Trust Deeds in the past year
Over 1 million
in funds distributed to creditors each month
reduction in monthly payments
Debt Solution Finder
What is a Trust Deed?
A Protected Trust Deed in Scotland is a formal, legally binding arrangement between an individual and their creditors which lasts for a period of 4 years although a longer period can be considered. It is a legal agreement which can only be carried out through a licensed Insolvency Practitioner (IP) who will act as the Trustee. It is only available to residents of Scotland and is designed to help individuals who are unable to repay their debts (more than £5,000). At the end of the period any remaining debt is written off by creditors, subject to some exceptions. Another option available to Scottish residents is a DAS (Debt Arrangement Scheme) which freezes interest on your debts and protects your home and car. If you are based in England or Wales an IVA may be suitable alternative.
A Scottish Trust Deed reduces unaffordable multiple payments to creditors to a single affordable monthly payment to the Trustee. It offers protection from creditors taking legal action against you, and protects your home and car from repossession.
Example of How We Can Help
See how a Trust Deed could help you with this simple example to consolidate all unsecured debts into one smaller monthly payment and write off unaffordable debt.
Example Unsecured Debt
Customer repayments before & after a TD
£350(TOTAL CONTRACTUAL REPAYMENTS)
£153(TOTAL CONTRACTUAL REPAYMENTS)
* monthly payments are based on individual financial circumstances