Make a fresh start with…
- A range of debt solutions to suit your circumstances.
- Tailored advice to help you decide how to manage your debts.
- A friendly and professional service from trained advisers.
- A commitment to ‘keeping it simple’ where we can.
- A great track record of helping people overcome their debts.
Scottish Trust Deeds
Trust Deeds.co.uk provides professional advice and solutions to people living in Scotland with debt problems and already we have successfully helped thousands of families. The services provided effectively help clients regain control of their finances and their lives.
A Scottish Trust Deed is a legal process available only to residents in Scotland who have debts over £5,000. It provides people in debt with an alternative to bankruptcy. If you find it difficult to repay your debts, a monthly payment is established based on what you can realistically afford to pay. Your Trust Deed will generally last for a period of four years, after which any remaining unsecured debts are written off!
By choosing a Scottish Trust Deed, we can look at reducing your debts into one lower monthly repayment and leaving you writing off the unsecured debts that you cannot afford usually in just 48 months.
Learn more about a Scottish Trust Deed ⇨Debt Arrangement Scheme
A Debt Arrangement Scheme (DAS) is a government debt repayment scheme for Scottish residents only. A DAS will freeze all interest and charges with your creditors meaning that you will be safeguarded from your debts increasing once you enter a DAS.
One of the main benefits to entering a DAS is that any valuable assets such as your car or home will not be affected in any way. The scheme will allow you to pay back an affordable monthly payment which will be determined once a money advisor goes through your financial circumstances and assess how much money you have available to service your debts. You will then pay back the full amount owed minus any interest and fees
Sequestration
If you are facing bankruptcy then it is important to speak to a professional debt advisor before proceeding with bankruptcy.
If you cannot pay your credit commitments then Sequestration may well be the correct option for you. Alternatively, other solutions such as a Protected Trust Deed or Debt Arrangement Plan, offer different routes to help pay back your creditors without having to declare Sequestration and will not have the same damaging effect on your credit history.
Learn more about Sequestration ⇨