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 0800 0481 777.

Terms & Conditions Apply. A Protected Trust Deed (PTD) is for unsecured debts and residents of Scotland only. It should only be considered in extreme circumstances as failure to adhere could result in Sequestration (The Scottish legal term for Bankruptcy). Debt write off applies only to where the PTD is agreed by your creditors and you have completed the, typically, 36 month term. Once your PTD commences, your monthly contribution is fixed and there are no additional fees on top. The fees, paid by your creditors, are taken out of your monthly contributions to your PTD and will be notified to you in advance. Some homeowners may be required to remortgage.