Write Off Unaffordable Debts with a Scottish Trust Deed...
- Lower Monthly Repayments
- Write Off Unaffordable Unsecured Debts
- Legislated Debt Scheme
See if you qualify for a Scottish Trust Deed...
*Calculator is only an estimate. Details entered must be accurate to determine a correct solution.
* Subject to creditor acceptance
* Payment subject to individual circumstances
* Credit rating may be affected
* Fees apply, subject to individual's circumstances. For more information on our fees click here
- Do you owe £10,000 or more in debt?
- Are you in full or part time employment?
- Have you been resident in Scotland for the last 6 months?
- Can you afford at least £150 per month towards you debts?
- If you can answer YES to all these you may qualify for a Scottish Trust Deed...
What Is A Scottish Trust Deed?
A Trust Deed is a legally binding agreement between you and your creditors to repay what you can afford towards your debts. It is a popular tool in the battle against debt problems and is becoming a popular form of debt help in Scotland. Why struggle to repay numerous debts when you can consolidate them into one lower, affordable monthly repayment and reduce the hassle from creditors?
How Does A Trust Deed work?
Trust Deed Scotland will assess your situation and work with you to establish how much you can afford to repay on a monthly basis. Once this has been agreed we then send you out the relevant paperwork for you to review. On receipt of this we will take over all correspondence to your creditors meaning you will no longer have to deal with them anymore. Trust Deed Scotland's experienced Insolvency Practioners will draft together the Trust Deed proposal and submit it to your creditors for review. Upon acceptance we will inform you in writing that your Trust Deed has been passed and you begin making your agreed single monthly repayment.
Do I Have To Deal With My Creditors Again?
No. They are legally NOT ALLOWED to contact you whilst on the Trust Deed programme. Any correspondence regarding your debt will be dealt by our Insolvency Practioner on your behalf.
What If I Dont Qualify For A Trust Deed?
If you dont qualify for a Trust Deed then dont worry, there are other alternatives such as a Debt Arrangement Scheme (DAS). A DAS is a formal debt management plan and is backed by the Scottish Government. The other option would be filing for Sequestration but there may be implications on your credit score in doing this.
Trust Deed Example
Here is an example of how a Trust Deed could make your debts affordable:
Let say your unsecured debts looked like this...
Credit Card: £4000
Personal Loan: £19,000
Store Card A: £5,000
Total Owed: £28,000
After a Scottish Trust Deed...
New monthly repayment is based
on affordability and varies from plan
Visit our FAQ section for any in depth information on Sottish Trust Deeds...
Why Choose Us?
We are expert providers of Scottish Trust Deds. We offer free help and advice on debt solutions and can guide you in the right direction with regards to your debts.
We help hundreds of people each month sort out their debt problems. 78% of people who come to us resolve their debt problems quickly and efficiently.
See more testimonials here...