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Debt Helpline Scotland | Scottish Debt Advice & Help

Get Help With Any Type Of Unsecured Debt

Take control back of your finances and look forward to a brighter future.

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Trust Deed

A Trust Deed is available to people who’ve been living in Scotland for more than 6 months, who have unsecured debt of £5,000 or more. Typically a Trust Deed lasts 48 months and after that period, any outstanding unsecured debt is legally written off.

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Debt Arrangement Scheme

A Debt Arrangement Scheme allows you to repay your unsecured debts with affordable monthly payments. The interest on your debts can be frozen, and written off after you have completed an agreed payment plan.

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Minimal Asset Process

Minimal Asset Process (MAP) bankruptcy is a way to write off debts you can't afford. It's aimed at residents of Scotland with a low income and few assets, and is more straightforward than sequestration bankruptcy.

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How will Debt Helpline Scotland help me?

Debt Helpline Scotland is an ethical debt advice company. We give free and confidential advice and have helped thousands of people in Scotland break free from their personal debt. We understand that being in debt is stressful, and you are struggling with repayments.

  • Step 1: See if you qualify
  • Step 2: Find out what your options are
  • Step 3: Agree your repayment terms
  • Step 4: Take the first steps to becoming debt free

Expert Debt Advice. We're here to help you!

Each individual's situation differs from one person to the next.

Have a non-judgemental, confidential chat with one of our highly trained debt helpline advisors.

1. Do You Qualify?

Talk to one of our qualified and experienced team members about your current debt situation.

2. Your Options

Find out options available to you, and get the right advice, tailored to your individual needs.

3. Repayment Terms

You choose the dept repayment option that works best for you.

4. Start To Become Debt Free

Enjoy peace of mind with a tailored, personalised, affordable plan that can get you to your debt free goal.

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Frequently Asked Questions

The most asked questions we get about debt in Scotland

What’s the disadvantage to Trust Deeds?

The main impact for you will be that it has an effect on your credit rating. Credit reference agencies will assess the level of risk based your on financial history which may include a Scottish Trust Deed however, once your Scottish Trust Deed is completed, you can start to rebuild your credit rating.

If you fail to make a payment under your Scottish Trust Deed agreement without first contacting your Trustee for discussion and permission, you may find the Trust deed fails and your unsecured creditors are entitled to pursue you for sequestration.

Will I be contacted by creditors when I am in a Trust Deed?

No. Once the Trust Deed has gained protected status all creditors included in the Trust Deed can only deal with your Trustee. By law, they can no longer harass you to reclaim debt, and we will relay any relevant information to you ourselves.

Is my home and car protected?

While situations vary, it is highly unlikely you will have to give up your home or vehicle in the process of setting up a Trust Deed. If you choose to give up your home voluntarily, then that is an option available to you. If your car is brand new or of significant value then you may have to settle for a more affordable model.
Keep in mind that accepting help from us is the best way to protect your assets.

Will my creditors agree to a Trust Deed?

On average, over 90% of our trust deed proposals are accepted. Even if some creditors reject the proposal, they will still be legally bound by its terms, even if they object as long as creditors totalling more than 67% of the debt value accept.

In the unlikely event your trust deed did fail, your trustee would negotiate your case in an attempt to have it accepted or review other debt solutions such as Debt Arrangement Scheme and Minimal Asset Process/Sequestration.

What debts can I include in a Trust Deed?

Almost all types of unsecured debts such as:

Unsecured Bank Loans, Credit Cards, Store Cards, Payday Loans, Council Tax Arrears, Catalogues, Overdrafts, Credit Unions, Previous Mortgage Shortfalls,
Previous Car Hire Purchase & PCP Agreements and HMRC Bills (self employed).

Are there any upfront fees for Trust Deeds?

Any fees that apply for setting up and overseeing your Trust Deed are taken from your monthly contribution, or from the sale of assets in cases where this is necessary to fulfil the Trust Deed. There is no initial fee for entering into a Trust Deed.

But remember, getting in contact with our team for advice costs absolutely nothing.