What is Trust Deed Scotland?

If you are living in Scotland, and struggling from paying off debts, then Trust deed Scotland is the right choice. It is a debt management solution, that helps borrowers overcome their financial issues in a manageable way. With a Trust Deed, a licensed Insolvency Practitioner, referred to as the ‘Trustee’ will sort out your debt issues with your creditors and will work to convince them to write off your unaffordable debts, and the amount that will be paid by you to the Trust Deed will be in turn allocated appropriately amongst your creditors. Once the period is over, all the debts are written off leaving you with no more stress.

With a Protected Trust Deed, you will not have to directly deal with the creditors and your IP will handle all the settlements, as per the terms and conditions of the agreement, no creditor can chase you or keep calling you to make the repayments. As a debtor who has availed the debt help solution, you will be protected from any further legal action and your creditors will have to deal with the trustee for any matter or concern. To be eligible to sign up for debt advice, you should have a minimum unaffordable debt of £5,000, and after 4 years of completion, the remaining debts will be written off by the creditors.

Illustrative Example For A Trust Deed

It might not be very clear as to how getting a Trust Deed could help you write off your debts and bring your finances back on track. So, we have put across a representative example that will assist you in understanding better about how a Protected Trust Deed works to reduce your debts.

Your Monthly Repayments

Debt Write Off


Old Repayments
For 48 Months


New Repayments
For 48 Months


Total Unsecured Debts

1 Personal Loan £9,000
2 Credit Card £6,500
3 Council Tax £4,500
4 Overpayments £5,300
5 Overdraft £700
Total Debt £26,000


We offer unique and personalized services which are related to your situation and that will benefit you on a different level. We mainly focus on the individuals and solve the financial crises regardless of the circumstances.

Eligibility Criteria

Before applying for the debt management solution, make sure you satisfy all the eligibility criteria. The UK government has put forward a few qualifying benchmarks that have to be satisfied and qualified in order to avail of the service.



The individual applying should be at least 21 years of age to get qualified.



The applicant has to be a legal UK resident, only then he is eligible for the service.



An individual has to have a permanent UK address as proof of staying in UK.



In order to get qualified for the service, the applicant has to have a regular income.

Bank Account

Bank Account

An active bank account will get the individual qualified for the service easily.



The applicant applying for the service should not have been bankrupt in the past year.

Things to Remember

Credit History Measured

It will be difficult to obtain credit in the future as firms will measure the risk based on credit history.

Debts Are Written Off

At the end of the time period. all the debts or liabilities that are included will be written off.

Sale of Assets

In this process, you might have to sell some of the things that you own like a house or a car.

Register of Insolvencies

Anyone can access and search for individuals under insolvencies as it is entered in a public register.

Things to Remember

How to Apply

We know that it is difficult to be stressed under debts, so we provide the most convenient way to clear your debts. Your situation will be thoroughly analyzed by the Insolvency Practitioner from our connections before giving you a plan of action.

Online Form

Online Form

Submit all your required details through the online form.

IVA Advisor

Insolvency Practitioner (IP)

Get connected with the legal Insolvency Practitioner regarding debt advice.

Debt Free

Debt Free

Start paying off the debts according to the plan to become debt-free.

Frequently Asked Questions

An individual who has unaffordable debts of more than £5,000 is a resident of Scotland, or has lived in Scotland for a minimum of 6 months before applying for a Trust Deed is eligible to apply for a Protected Trust Deed. The IP will consider many other criteria depending on the circumstances and will decide if the Scottish debt help services are the right debt reduction plan for you.
Typically, a Scottish Trust Deed will last for 4 years (48 months) during which you will have to abide by the regulations as mentioned in the legal agreement. Once all these obligations are completed as per the scheduled agreement, you shall be discharged from all your debts and any impending amount that you have to repay the lenders will be written off. Depending on the circumstances, if you repay earlier your term will be finished earlier, or if there are any genuine reasons, a longer period may be arranged.
One of the best things about availing the Trust Deed Scotland services is that you can protect your assets, and unless you agree to have them sold off in return to paying the creditors, it will not be taken from you. Even if your assets are not excluded under the legislation, you can make alternative arrangements like getting a remortgage, etc., and not sell your property. So, be it your home, your car, or your household items, you can have them protected accordingly.
Yes. Most debt help solutions, including the Scottish Trust Deed, will leave a temporary impact on your credit rating. With the Trust Deed, your credit rating will be affected until the end of the complete program. In the meantime, you cannot borrow any new credit, and you will have to make timely repayments according to the agreed upon schedule. By making your repayments on time, you can bring your credit ratings back on track.
Most Trust Deeds are arranged for a period of 48 months (4 years), and you will have to repay the scheduled amounts during this period. Any debts that are pending after this period will be written off, and you will be legally declared to be debt free. You will also be rewarded with a certificate of completion discharge, and your financial record will show that all your debts have been settled. With this declaration, your credit rating might start to improve with time.

Get Out of Debt in A Legal and Protected Way

Apply for Trust Deed Scotland