If you have financial problems then you have come to the right place! Trust Deed Scotland turn debt problems into debt solutions. We offer a free, confidential service that could help you to become debt free within 36 months.

Trust Deed Scotland will find a debt management company who will tailor a debt solution that will meet your requirements and implement a structured plan, enabling you to get out of debt. We understand that most people will have financial difficulties at some point in their life and we are happy to help you find the correct path to a life without money worries.

Trust Deed Scotland demands no fee from the individual and will recommend the best debt management company for you! We currently work with the best debt management companies in the business, ensuring that you receive not only the best deal but also the best help and advice throughout your Debt Management Plan or Trust Deed.

Please fill in our Trust Deed eligibility wizard and take the first step to being debt free! No more sleepless nights, no more threatening phones calls or letters, Trust Deed Scotland will find the best solution for you.

Depending on your financial situation there will be different paths open to you. The preferred option to most people is a Protected Trust Deed.

A Trust Deed is a way of repaying your debts over an agreed period of time – usually 36 months. To be eligible for a Trust Deed you must be at least £10,000 in debt. When you enter into a Trust Deed all interest and charges are frozen, plus no legal action can be taken against you. The appealing part of a Trust Deed is that a significant portion of your unsecured debts can be written off.

Another option that is open to you is a Debt Management Plan or Debt Arrangement Scheme. These arrangements are informal agreements between yourself and your creditors but usually allow you to make regular payments to your debts without any additional interest or charges. A calculation is made to see how much you can afford by prioritising your other debts – mortgage, car, council tax, utilities bills, and general living expenses. Your disposable income is then determined and you make one monthly payment that is divided among your creditors.

Another option is sequestration. This is the Scottish equivalent of bankruptcy and for Trust Deed Scotland this is the last option that we would recommend. Sequestration only occurs when debt action is not taken early enough. It involves transferring all your assets to the insolvency practitioner, who is then responsible for selling them off and paying your debts.

A Trust Deed is backed by government legislation and allows an individual the scope to put a proposal to their creditors for the part repayment of their debts. This can result in an substantial amount of your unsecured debts being written off. An individual Trust Deed proposal is tailor made to meet each individuals circumstances and generally lasts for three years.

As part of the Trust Deed process, the amount you can reasonably pay towards your creditors on a monthly basis will be assessed, and a Trustee will accept this payment on behalf of all your creditors. The trustee will also make arrangements with you regarding how to deal with any equity in your home or any other assets - giving you some stability for the future. Your creditors will receive a payment at the end of the Trust Deed from your Trustee, and thereafter your Trust Deed (and your debts) will end.

• Write off a substantial amount of your unsecured debts
• Stop any additional interest or charges
• Keep your car and home
• Stop threatening calls and letters from creditors
• Halt any legal action
• One reduced manageable payment

• Your credit score will be affected
• You may find difficulty obtaining credit for the next 6 years
• Some occupations require prior approval before entering into a Trust Deed

A Debt Management Plan is an arrangement between you and your creditors which is managed for you. You repay your debts at a rate you can afford and won't have the stress of dealing with your creditors.

A DMP will put you back into control without borrowing more money (this can just make things worse). With only one payment to make and a realistic chance of getting your interest and charges frozen and no fees taken out, your debts will be repaid as quickly as possible.

• You repay what you can afford
• One monthly payment to your creditors
• No hidden costs, your one payment includes everything
• Completely debt free by the end of the plan
• Stops calls from angry creditors

• Debt Management Plans are not legally binding. This can mean that the creditors do not agree to the payment schedules. Although, more often than not, the creditors agree to these and are happy to proceed.

Sequestration is the Scottish equivalent of bankruptcy. This tends to be the last option after all others have been exhausted.

• After sequestration has been administered no further action can be taken against you from your creditors.
• After 3 years you will be discharged from your sequestration and all remaining debts will be written off.

• Any assets or savings/investments will most likely sold by the trustee.
• If you have a regular income then you will need to make a contribution to the sequestration.
• You will have difficulty obtaining credit after the sequestration has finished.

Trust Deed Scotland will find a debt plan that is tailored for you! We are an independently ran company with ties to the most highly regarded debt management and insolvency practitioners in Scotland. We always strive to get the best deal for the individual!

• Citizens Advice