Trust Deed

Repay What You Can Afford & Write Off the Rest

A Protected Trust Deed allows people who are struggling to maintain their debt repayments to consolidate them in to one monthly payment, based on their affordability, and write off any debt they cannot afford to repay at the end of the process.


A Trust Deed usually lasts for 4 years and will leave your credit file in the same time it takes a missed payment to leave.


If you have assets, such as a home or motor vehicle, a Trust Deed often allows you to retain these, whilst writing off unaffordable debt.


Your credit file will be updated to reflect that you have signed a Trust Deed and this information will remain on your credit file for six years. This means that you may find it difficult to get credit for a period after your Trust Deed is finalised. Should you come in to any assets during the four year period following the granting of your Trust Deed, these would first be conveyed to your Trustee and in order to complete your Trust Deed early, you would need to repay the full balance of your debts at the date of signing, plus statutory interest & your Trustee's fees.


Are You Eligible?

Could you write off up to 81% of your debt?

  • Step 1
  • Step 2
  • Step 3
  • Step 4
  • Step 5
  • Finish

Do you live in Scotland?

Yes
No

How much debt do you have?

£0 - £4k
£4k - £10k
£10k- £15k
£15k - £20k
£20k - £30k
Over £30k

What is your employment status?

Unemployed
Employed Full Time
Employed Part Time
Self Employed
Student
Retired

How much are you currently paying each month?

£0 - £99
£100 - £149
£150 - £199
£200 - £249
£250 - £299
Over £300

How much can you afford each month?

£0 - £99
£100 - £149
£150 - £199
£200 - £249
£250 - £299
Over £300

Sorry

Based on the answers you have just given we don't have a suitable solution for you.

However, we would like to point you in the direction of someone who can help, so give us a call!

Contact Us Call Now
Free money advice is available from the Money Advice Service

Great News!

Based on this information you qualify for one of our solutions!

Nearly There!

One of our professional advisors will review your information and contact you with the results.

By clicking send you agree to the Privacy Policy and being contacted.

What are the advantages of a Trust Deed?

  • Affordable payments
  • 4 year repayment term
  • Can often protect assets, such as your home
  • Write off debt you cannot afford to repay

What are the disadvantages of a Trust Deed?

  • Your credit rating will be affected
  • To complete it early, you will need to pay your Trustee’s fees, as well as your debts in full
  • Creditors can refuse to Protect a Trust Deed
  • Certain job roles can be affected

Are You Eligible?

Could you write off up to 81% of your debt?

  • Step 1
  • Step 2
  • Step 3
  • Step 4
  • Step 5
  • Finish

Do you live in Scotland?

Yes
No

How much debt do you have?

£0 - £4k
£4k - £10k
£10k- £15k
£15k - £20k
£20k - £30k
Over £30k

What is your employment status?

Unemployed
Employed Full Time
Employed Part Time
Self Employed
Student
Retired

How much are you currently paying each month?

£0 - £99
£100 - £149
£150 - £199
£200 - £249
£250 - £299
Over £300

How much can you afford each month?

£0 - £99
£100 - £149
£150 - £199
£200 - £249
£250 - £299
Over £300

Sorry

Based on the answers you have just given we don't have a suitable solution for you.

However, we would like to point you in the direction of someone who can help, so give us a call!

Contact Us Call Now
Free money advice is available from the Money Advice Service

Great News!

Based on this information you qualify for one of our solutions!

Nearly There!

One of our professional advisors will review your information and contact you with the results.

By clicking send you agree to the Privacy Policy and being contacted.