Trust Deed | Scottish IVA | Scotland Debts

If you live in Scotland and you are having trouble managing your debt then Debt Solutions can offer you help. If you have debts of more than £12,000 then a Trust Deed may be the debt solution you need. Every day Debt Solutions help people all over Scotland set up Trust Deeds and help them take back control of their finances.

A Trust Deed is very much the same as an IVA, and is essentially the Scottish version of an IVA, but it is only available to residents of Scotland. Like an IVA it is a legal agreement between you and the creditors that you owe money too.

To qualify for a Trust Deed you must have debts over £12k and there must be 2 or more creditors. You must have a disposable income of around £200+ per month and the Trust Deed payments are made monthly the same as in an IVA. A Trust Deed also means residents of Scotland can avoid Sequestration, which is the Scottish version of Bankruptcy.

To find out more about Trust Deeds click on the links to the left to browse through our Trust Deeds section of the site or phone us direct now on 0800 043 0200 and our Trust Deed Advisors can answer all your questions about Trust Deeds and Debts in Scotland.

Benefits of a Trust Deed

  • All interest and charges is frozen
  • There is no set up charges for a Trust Deed
  • You will be free of all debt within approximately 36 months / 3 years
  • You will have only one affordable monthly payment to your creditors
  • All creditors are bound by the Trust Deed and are therefore prevented from taking legal action and all pressure from them is stopped

Trust Deed Frequently Asked Questions

See our Frequently Asked Questions (FAQ) about Trust Deeds.

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Trust Deed Links

What is a Trust Deed?

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Trust Deed Fee's

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