Trust Deeds are only offered to Scottish resident and is similar to an IVA (Individual Voluntary Arrangement).
With a Trust Deed, you will pay back a proportion of your debt over a set period of time. Any debt outstanding at the end of this terms is written off as part of the agreement.
The monthly payment is tailored around your individual circumstances, so you make a monthly contribution to your creditors that you can afford. They are not be able to add any interest or charges on existing debt, or take any legal action against you once your Trust Deed has commenced.
The Debt Helpline can help to answer any questions or queries you may have about how Trust Deeds work and whether this is a suitable debt solution for you. Call our professional Trust Deed Debt Helpline advisors on 0800 0481 778.