Debt Free Trust Deed

If you are a resident of Scotland, then a Trust Deed could be the debt solution you need to become debt free. A Trust Deed is a legally binding agreement with your creditors where you make a monthly payment for 36 months then any unaffordable debt is written off!

A Trust Deed Can Help You Become Debt Free

If you get accepted for a Trust Deed you can benefit from:

• All unaffordable debt will be written off.
• You make only one monthly payment, and the amount that you pay is dependant on how much you can afford.
• Interest and charges are automatically frozen.
• No calls or letters from creditors.

If you think that a Trust Deed is the right Debt Free solution for you, please contact our advisors on 0808 131 0039. Still considering your options? The Debt Free Test will show you what debt solutions are available. 

Entering into an IVA may adversely affect your credit rating for up to six years from the date of approval.

Your property will be protected within an IVA but you may be required to release all or part of any equity during the period of the arrangement.

Failure to complete the term of an IVA can result in bankruptcy.

(In Scotland, a PTD is the equivalent to an IVA.)