Scottish Trust Deeds

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

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📉 Lower Monthly Repayments

Scottish Trust Deed payments are based on what you can afford to pay in your circumstances. Whilst there are fees involved in a Scottish Trust Deed, these are deducted from your monthly payments or, if appropriate, the sale of an asset. There are no up-front fees.

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🏡 Protect Your Assets

A Scottish Trust Deed protects your house and your car. You may need to release equity in your property, and it depends on the value of your car. We'll always endeavour to make sure you're aware of how Scottish Trust Deeds impact you and that you're well informed.

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❌ Write Off Debt You Can't Afford

Your liability for any remaining balances of debts included is written off at the end of a Scottish Trust Deed with government legislation. The typical period of repayment lasts for 4 years, so after the Scottish Trust Deed has ended, you shall be discharged and free to get on with the rest of your life.

Expert Scottish Trust Deed Advice. We're here to help you!

Use our free, confidential Scottish debt help service to get tailored advice based on your needs.

1. Do You qualify for help?

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

2. Your Options

Find out all alternatives available to you, and discuss the pros and cons of all solutions.

3. Repayment Terms

Together, we work out how much you can afford to repay on your Scottish Trust Deed or alternative solution.

4. 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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Scottish Trust Deeds - Frequently Asked Questions

The questions we get asked most about Scottish Trust Deeds.

Who can sign a Trust Deed?

A Scottish Trust Deed could be an option for you if you live in Scotland, owe £5,000 or more of unsecured debt and cannot repay it in full within 4 years.

You cannot apply for a Scottish Trust Deed if you have been sequestrated, and have not yet been discharged.

Residents living in England, Wales and Northern Ireland can consider the equivalent solution known as an IVA.

Get help with debt today, or try our debt repayment calculator

Trust Deed disadvantages?

Your credit file will be updated to reflect that you have signed a Scottish Trust Deed and this information will remain on your credit file for more than six years.

This means that you may find it difficult to get credit for a period after your Trust Deed is finalised.

There are other pros and cons to consider. Speak to a Debt Helpline Scotland advisor today on 0141 380 0643 to find out more.

Would I qualify?

Thousands of people in Scotland have taken advantage of a Trust Deed since they were first created in 1985.

People from all backgrounds, with different reasons for failing behind on their debts.

We recommend trying our debt repayment calculator to allow us to begin the quick process of working out which solution best fits your situation.

If you didn’t meet the criteria, you may also qualify for DAS Scotland.

Are there any Trust Deed fees?

There are no setup fees involved in setting up a Scottish Trust Deed.

Any fees that apply for 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.

Remember, getting in contact with our experts for advice costs absolutely nothing.

Why Use Debt Helpline Scotland?

Debt Helpline Scotland have a great customer satisfaction rating for debt advice not only in the UK.

Our experts are based in Scotland and understand Scottish debt solutions.

We are regulated by the Financial Conduct Authority (FCA) for your protection.

As we work with several leading insolvency practitioners and debt management firms – we are not tied to one partner. Essentially, giving YOU more options.

Our calls are recorded and reviewed for training purposes – allowing us to ensure our experts continue to improve and provide world-class advice.

Ultimately, as an ethical provider of confidential free debt advice – we only recommend solutions that we feel are of a benefit to you.

Are there Trust Deed alternatives?

As leading Scottish debt advisers, Debt Helpline Scotland We understand every situation is unique.

A Debt Arrangement Scheme is another popular government created tool that allows an individual to repay unaffordable debt.

Whether you are a homeowner or not, employed or not, we will be able to assess your affordability and provide alternative solutions.

We will give you the pros and cons associated with those solutions, including Sequestration, Debt Consolidation Loans, DAS Scotland and Minimal Asset Process.

Give us a call on 0131 263 0245 for a free, confidential chat about your debt situation.