What is a Trust Deed Scotland?

A Trust Deed is a formal agreement between you and your creditors to pay back what you can afford towards your debts.

Once Protected it is an extremely powerful legal tool to help you back on the road to financial stability. It is designed for people who have taken out too much debt and are struggling to meet their monthly repayments.

The minimum repayment period for a Trust Deed Scotland is 48 months* (4 years) unless an alternative arrangement is agreed. You will be required to pay a set amount per month for the 48 month (or longer) period. At the end of term, provided that you have met your obligations and the Trust Deed is not extended, you will be discharged from any obligations and outstanding unsecured debts.

* The minimum period for a Scottish Trust Deed is 48 months, although depending on your circumstances the payment period could be longer.


Is this a Legitmate Scheme?

Yes absolutely. The Trust Deed Solution was established by and is governed by Protected Trust Deed (Scotland) Regulations 2008 and constitutes a formal repayment proposal presented to a debtor's creditors via an insolvency practitioner.

See more information here

See If you Qualify

Question 1 of 5

Don’t feel alone in debt

Group of people 7,283 Trust deeds processed last year in Scotland (2018/19)
Figures taken from AiB
Pig coin bank £25 million Total repaid to creditors through Trust Deeds
(PTDs concluded, where a dividend was payable)
Figures taken from AiB
Signature letter 60% Average reduction in monthly repayments

To find out more about managing your money and getting free advice, visit Money Advice Service, an independent service set up to help people manage their money.

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Trust Deed Example

Here is an example of how a Scottish Trust Deed could make your debts affordable.

Example Unsecured Debts

1 Personal loan £8,000
2 Credit card 1 £6,812
3 Council Tax £4,092
4 HMRC Debts £5,399
4 Over payments £5,200
4 Overdraft £700
Total Owed £30,204

Your Monthly Repayments Would Be

a Scottish Trust Deed
(total contractual repayments)
a Scottish Trust Deed
(total contractual repayments)
Reduced by

* 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 I qualify?

To qualify you must meet the following criteria:

  • You currently live in or have lived in Scotland within the last 12 months, or have a place of business in Scotland
  • You have debts of £5,000 or more
  • You are able to pay a monthly contribution from income and/or have realisable assets that will enable a minimum return to creditors of 10p in the pound
  • You are insolvent (you are unable to pay your debts as they fall due and/or your liabilities are greater than your assets)
Qualify calculator
Advisors help

How Can I Apply?

We make it as easy as possible. Here’s how:

  • Simply fill out the form here or give us a call on 0800 193 1024 and one of our experienced advisors will call you back at a time requested by you.
  • If you decide to proceed then an adviser will arrange a face-to-face meeting at your home, another convenient place or at our office in Glasgow, should this be convenient. Alternatively, a further telephone meeting will be arranged should a face to face meeting not be possible, for whatever reason.
  • At the meeting an adviser will assess your financial position and advise you of the options available to you.
  • If you are suitable for a Trust Deed and choose to go ahead with it, you will be asked to sign the relevant documents after being given time to fully consider your decision. This will involve more than one meeting.

Pig coin bank How much does it cost to setup?

Our initial advice is free and there is no cost if you change your mind after having met with one of our advisers. Should you choose to enter into the debt solution then there will be a charge for our services. Your adviser will explain this fully and further information can be found by clicking here.

ScalesAm I dealing with a legitimate company?

We are authorised and regulated by the Financial Conduct Authority (FRN769794) so you can rest assured our advice is compliant. We can provide advice on Trust Deeds, Debt Arrangement Schemes Minimal Asset Process (MAP) and Sequestration.