Trust Deeds may seem daunting and complicated, however National Debt Advice can arrange the whole procedure and allow you to rest assured that you have minimal stress throughout.
A trust deed is a formal debt solution and can be voluntary or protected. They are only available to those living in Scotland. The standard contribution period in a Protected Trust Deed is 48 months, with a minimum level for debt to qualify for a Protected Trust Deed being £5000.
Trust deeds are administered by an insolvency practitioner; with whom we will put you in touch with once you have completed the above enquiry form. They are an effective way to prevent future debt problems and avoid more extreme measures such as bankruptcy.
There are 2 types of trust deeds – Voluntary and Protected – Protected Trust Deeds are legally binding and offer peace of mind, with measures in place to ensure that you no longer have any contact with your creditors. Only unsecured debts (e.g. credit cards, store cards, personal loans) can be covered by a trust deed.
You can obtain free, impartial advice on the options available to you from Citizens Advice Scotland, Money Advice Scotland or if you would like to speak to one of our chosen partners, simply fill in the contact form and a trained licensed debt adviser will contact you to advise on your options.