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0141 221 0999 0131 278 0790 01224 418 267

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What Is A Trust Deed? Do I Qualify? Alternatives FAQ Case Studies Customer Reviews

Thousands of People Every Year Trust us - Trust Deed Scotland

YOUR TOTAL DEBT

15000
Write off Unaffordable Debt
Pay back what you can afford in typically 36 months.
YOUR MONTHLY INCOME
Keep your home & car 900
Equity release may be required. Conditions may apply.

YOUR MONTHLY EXPENDITURE
No Trust Deed setup fees
Unlike others, we do not charge for our services. 500

Qualified debt advice YOUR EMPLOYMENT STATUS
Qualified advisors (DRF, CPI) Based in Scotland. --SELECT--

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Try our NEW Trust Deed Wizard and see if you can be debt free in typically 36 months »

Trust Deed Example Latest Customer Reviews

Great 'no nonsense' approach! Why use Trust Deed Scotland?
Personal Loan: £12,000
At last, a com pany I can trust !!
Credit Card: £6,000 ✓ Qualified debt advice
Fantastic, Professional Advice Service!!
Store Card: £1,600 ✓ We help thousands each year
Trust Deed Scotland - professional and friendly
Council Tax: £1,200 ✓ Owned and operated in Scotland
Total Debt: £20,800 The Trust Deed Wizard is a calculator created by Trust Deed ✓ DRF / CPI debt advisors
Monthly Payments: £600 Scotland to provide you with an instant indication of whether ✓ Full geographical coverage
you may qualify. Trust Deeds are administered by a licensed ✓ No setup fees
Insolvency practitioner (trustee); fees apply. ✓ We do not cold call
✓ We respect your privacy
Scottish Trust Deeds are based on what you can afford to
repay and could reduce your monthly outgoings and stop
creditors taking legal action against you and prevent them from
adding further interest and charges.

When a Protected Trust Deed is successfully completed, your
unsecured eligible debts will be written off. (If you're a
homeowner, you may have to free up some of the equity by
extending the term).
*This example is based on personal
circumstances and will v ary Warning, com panies claim ing to be Trust Deed Scotland

Top Common Questions


What is a Trust Deed?

A Trust Deed is a Government-approved scheme to allow individuals struggling with debt in Scotland to reduce the amount they owe. After the agreed repayment
period has been completed, any leftover unsecured debts are written off and creditors are legally bound by its terms.

Do we charge setup fees?

We do not charge you any upfront fees for our service. We provide ethical debt advice and do not charge 'assessment fees' for our service as it would be contrary to
our core values. Likewise debt advice from ourselves is free of obligation. Find out more about Trust Deed Scotland and how we can help you by calling us now on
0141 221 0999.

How long does it last?

The vast majority last just 36 months, although in some cases this can be extended to 48 months. You also have to take into account that it takes an average of 5
weeks to get protected once your proposal has been made formal. Your creditors will also need to update your credit rating accordingly and this can sometimes take
a number of weeks for them to process.

How many people use Trust Deeds to clear their debts?

Every year in Scotland, thousands of people use Trust Deeds to clear their debts and in the financial year of 2010-11, the actual number of Scottish people who used
Protected Trust Deeds to clear their debt was 7,980. Alternatives such as DAS are growing in popularity too.

Do Trust Deeds really write off up to 90% of my debt?

Yes. Trust Deeds can write off up to 90% of your unsecured debt (excluding IP Fees, which can range from £2,500 - £4,500 excluding outlays, see What is a Trust
Deed.) The actual amount of your unsecured debt that will be written off will depend on your personal circumstances and the offer of repayment that you agree to
make to your creditors.

Will it freeze interest and charges?

Yes. Once protected your creditors legally cannot pursue you for further interest and charges and provided that you complete the repayment of your agreement, you
will never need to deal with your creditors ever again, as your trustee (IP) will deal with this for you. Any correspondence that you receive from your lenders if at all, will
need to be forwarded onto your Trustee but that is all.

Will I lose my home?

In our experience nobody has lost their home entering into a Trust Deed. You would not be recommended if your home was in danger and there are alternative
solutions such as a Debt Arrangement Scheme which may be more suitable.

Is it similar to an IVA?

A Trust Deed is the equivalent of an Individual Voluntary Arrangement in Scotland. There are some differences such as the minimum debt level threshold and
duration. A Trust Deed will usually last for 36 months with minimum debt level of £10,000, whereas an IVA would last for 60 months with an unsecured debt level of
typically £15,000. If you have resided in Scotland for the last six months then generally you should be classified as a Scottish resident.

Can I arrange a home visit?

Yes, a home visit can give you a lot more insight into the whole process, have all your questions answered and we also encourage home visits for your own peace of
mind and to meet the person who will be administering your case. If a home visit is not your preference, you can arrange your application by telephone, or you can
visit their offices. We use organisations with a presence throughout the country with most have easily accessible offices throughout Scotland.

Can I setup a Trust Deed by myself?

Only an insolvency practitioner can administer a Trust Deed. They are regulated by the Accountant in Bankruptcy (AiB) and other regulatory bodies and in order to
ensure that consumers are protected and best advised. Some self-help resources can be found to allow people to manage their own debts and should the debts be
manageable then this is a good option.

Will it affect my credit history?

There is no credit checks involved in setting up, however we need to make you aware that you will not be allowed to take out further credit for the duration of your
agreement and your credit rating will be severely affected for a number of years afterwards. Credit rates will not be favourable and you will also need to begin a
process of rebuilding your credit rating.

How do I apply?

You can start the process of applying by completing our online enquiry form for an immediate call back or you can use our calculator for a quick indication on whether
you would be eligible. Alternatively, you can call us on 0141 221 0999 and speak to an advisor now. Remember too, if you are not eligible, there are usually other
options open to help you.

Can I get a quote online?

You can get an online indication by completing the enquiry form. All calls are confidential, free of charge and without obligation. Some people say that the most difficult
step to take is taking the plunge and asking for help. We aim to provide advice that is fair, transparent and non-judgemental. Very rarely do our advisers see a case
that they have done so already. Indeed thousands of people have spoken to us about their financial difficulties so do not feel embarrassed. We are here to help!

Are there alternatives to Trust Deeds in Scotland?


Yes, in Scotland there are a number of options open to you but your eligibility for each debt solution depends on your own individual circumstances. These
alternatives include Debt Arrangement Schemes, Sequestration (Certificate for Sequestration and LILA Sequestration) and we will provide comprehensive
information on the pros and cons of each solution and how it may impact your situation.

As a provider of ethical debt advice, we aim to highlight the key differences of each debt solution, and how it could affect you and you will not be pressurised into
making any decisions.

How does a Trust Deed work?

The process is actually quite simple. Your household outgoings are added together and subtracted from your gross income which leaves what is known as your
disposable income. This disposable income is then used together with your total unsecured debts to calculate a repayment proposal which is then submitted to your
creditors.

When your Trust Deed becomes protected, you will then be locked into a legally binding agreement to repay your debts over a typical period of 36 months. When
discharged, you will be then become completely free from unsecured debts. Find out more about What is a Trust Deed. We have experienced advisers ready to take
your call and help you realise the prospect of a life after debt!

I have just moved to Scotland, Do I qualify?

Trust Deeds are only available for Scottish residents, who have lived in Scotland for a minimum of 6 Months.

Trust Deed Scotland Scottish Trust Deeds Scottish IVA Trust Deed Calculator
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133 Finnieston Street, Glasgow , G3 8HB
Registered in Scotland: SC369406
Data Protection Registration: PZ2205958
Consum er Credit Licence : 637870

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