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Struggling with Debts of £3,000 to £30,000... or more?

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Write off your unsecured debts with a Trust Deed

If you are struggling to repay your debts over £5000, and live in Scotland then a trust deed could be the ideal solution for you.

A trust deed is a legally binding agreement between you and your creditors that could reduce your monthly payments and stop creditor demands for payment.

In most circumstances a trust deed in Scotland can be registered as protected. This happens when at least two thirds of your creditors agree to the terms and conditions of your trust deed.

Manage your debts now!

The trust deed process can begin with one quick and confidential phone call. All we need are a few details about your situation and your unsecured debts. You will not be committed to anything after the initial phone call so you will still have time to evaluate your options.

Alternatively, get an immediate response by filling in your details on the 'Debt Solution Finder'.

Advantages of a Trust Deed

  • A monthly repayment is set based on what you can afford to pay each month.
  • A trust deed prevents creditors from adding further interest, charges, and from taking any further action against you.
  • Creditors are not allowed to demand payments from you either by telephone or post.
  • A trust deed generally lasts for 4 or 5 years period after which any remaining debt will be written off. This could be up to 90% of your unsecured debts.

Conditions of a Scotland Trust Deed

Commiting to a Scotland trust deed is not a quick fix.

The arrangement is binding and if you were to default on the arrangment then the insolvency practitioner could petition for your sequestration (bankruptcy).

Details of all secured and unsecured debts should be provided, including credit cards, store cards, bank loans and council tax, together with latest statements and particulars of account numbers.

The trust deed will be noted on your records for 6 years.

Once you are committed, unsecured borrowing, such as store cards and credit cards, can result in breakdown of the deed and may involve the release of any remaining equity in proprerty you own.

All aspects of the agreement are discussed with your trustee at the initial meeting, giving you enough time to evaluate the situation and determine whether pledging to the conditions of a trust deed is appropriate for your financial position.

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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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