Scottish Trust Deeds - Free Help and Advice
See if you qualify...

How it Works

A Trust Deed is a form of government legislation and was introduced to help people who were struggling to repay debts to their creditors. The process is simple; you make one lower affordable monthly repayment towards your debts for a set period (usually 3 years) after that period any remaining debt is written off. It’s as simple as that!

Fill out our form to see if you qualify for a Trust Deed and based on the information you provide, we will recommend the right Company to help you. They will then contact you and go through a financial statement with you to calculate a repayment figure which you can comfortably afford. Once this has been agreed the relevant paperwork will be sent to you which you must sign and return.

Once the paperwork has been received the Trust Deed Company will begin to process you application, this usually takes 6-8 weeks. The Trust Deed Company will contact all your creditors with a draft of the application. The creditors must then vote on whether the Trust Deed should be processed. In order for the Trust Deed to be passed at least 75% of the creditors must vote in favour to go ahead. However, if only one creditor votes against the arrangement and they represent less than 25% of your total debt, the meeting will be suspended for a later date and other creditors who did not vote will be called upon for their vote.

Once the Trust Deed is passed you will be bound by the terms of the agreement. You must make the set repayments every month for the duration of the programme and you will not be allowed to obtain any further credit until this period has elapsed. Once this period is over any existing debts will be written off and you are free to obtain credit again.