Trust Deeds

 

A Trust Deed is a legally governed procedure for those with serious debt problems who struggle to repay their borrowings. It is only offered to Scottish residents, and the rest of the UK is serviced by an IVA (Individual Voluntary Arrangement).

Just like an IVA Agreement, you pay back a proportion if your debt over a set period of time, at a monthly repayment you can realistically afford. All remaining debt at the end of the repayment period is written off.

To find out whether a Trust Deed is the best solution to your debt free future, please call our expert advisors on 0808 131 9112.

Entering into an IVA may adversely affect your credit rating for up to six years from the date of approval.

Your property will be protected within an IVA but you may be required to release all or part of any equity during the period of the arrangement.

Failure to complete the term of an IVA can result in bankruptcy.

(In Scotland, a PTD is the equivalent to an IVA.)