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A Trust Deed with Trust Deed Scotland can

Write off a significant portion of your unsecured debts and clear your debts within 36 months.

Write off a significant percentage of your unsecured debt
A Trust Deed allows you to write off a significant portion of your unsecured debt. You will make one reduced monthly payment to your creditors for 36 months and after that period you will be completely debt free.
Keep your car, home and other assets
Other debt solutions such as sequestration (Scottish equivalent of bankruptcy) would force you into selling your home or other assets. With a Trust Deed you may be able to prevent the sale of these.
Stop phone calls and letters from creditors
After arranging a Trust Deed your trustee will deal with all correspondence from your creditors. They have a legal commitment not to contact you and you can live your life in peace.
Stop interest and charges
All charges and interest for your unsecured debt would be frozen. This will allow you to make contributions to your Trust Deed without the debt spiralling further out of control.
One reduced monthly payment
If you are accepted for a Trust Deed you will make one reduced monthly payment to your trustee, who will distribute it among your creditors. We have a Trust Deed example that we set up for a client on this page which reduced their monthly payment by over £500. Complete our Trust Deed eligibility wizard if you are interested in getting back on financial track.

Take the first step to being debt free and complete our trust deed eligibility wizard.
It will only take a few minutes and could help change your financial future.

Enter your details to see if you meet the criteria for a Trust Deed.

First Name: Surname: Primary Telehone: Town / City: Monthly income after tax: Approx Monthly Outgoings
(Excluding debt repayments): Total unsecured debts:

Information

Please complete as much or as little of this form as you like. We will use this information to determine if you meet the required criteria for a trust deed.
Upon reciept of your information you will hear from one of our staff.

Key information about debt in Scotland

If you have unsecured debts in excess of £10,000 that you cannot afford to pay then a Trust Deed may be the right choice for you. A Trust Deed will allow you to write off a significant portion of your unsecured debt and reduce your existing payments to creditors in one manageable, monthly payment.

A Trust Deed enables you to pay off your debt over an agreed period of time – generally 36 months. It will protect you against legal action from your creditors, write off a significant amount of your unsecured debt and when the agreement finishes you will be completely debt free.

Write off a significant percentage of your unsecured debt
One reduced payment
Debt free at the end of the agreement
No more contact with your creditors
No additional costs
You may be able to keep your home
Stop legal action from creditors

Your credit rating may be adversely affected
You may need approval from certain occupations

Trust Deed Scotland will find the right plan to help you get out of debt. We find a solution from a variety of qualified debt management partners. If you are struggling to pay your debts then please contact us and we will find a debt solution that is tailored for you.

Trust Deed example

This is an example of a Trust Deed, showing how it can make your debts manageable.

Before a Trust Deed:

Personal Loan:	£11,000
Credit Card A:	£4,000
Credit Card B:	£2,000
Credit Card C:	£1,500
Overdraft:	£1,000
Catalogue:	£500
Total debt:	£20,000
Current monthly repayment:	£750

After a Trust Deed:

Total debt payable:	£7,920
Total debt written off:	£12,080
New monthly repayment: (for a period of 36 months)	£220

New monthly repayment is based on income and expenditure as well as level of debt.

What do Trust Deed Scotland offer

Trust Deed Scotland will help you find the right debt solution for your financial circumstances! Stop threatening calls and letters from angry creditors, as well as any interest or charges. If eligible for a Trust Deed you may be able to write off a significant portion of your debt without the need to sell your assets. Please complete our Trust Deed eligibility wizard and start your way to a brighter financial future!