Getting help with debt in Scotland – FAQs

This is a common question that homeowners ask when they approach us for Debt Advice, and the answer in most cases is yes.

In a Trust Deed, your mortgage and car are protected so that you would continue paying them as normal – subject to approval, and completion.

If your house or car were at risk as a result of entering into a Trust Deed, we would look at the Debt Arrangement Scheme.

There are no upfront initial setup fees are involved in setting up a Trust Deed. All administration Trust Deed fees are included in your monthly payments:

1. 1) A fixed administration fee
2. 2) A fee based on how much debt you pay during your Trust Deed term

These are charged against the money you owe creditors and will be agreed between you and your Trust Deed company at the start of the proposal.

Yes, we offer advice on all Scottish debt solutions and if a Trust Deed isn’t the right for you, there are other Debt Consolidation options in Scotland such as:

• Debt Arrangement Scheme (DAS)
• Sequestration (Scotland’s equivalent to bankruptcy)
• Minimal Asset Process (MAP route to Sequestration for those with no, or low income and assets)

Trust Deed Scotland^® will undertake an assessment of your financial difficulties and provide you with tailored debt advice so that you can understand the options that are available to you.

In order for you to make an informed decision, it’s important that you receive balanced Scottish debt advice that gives you the key facts and how they may directly impact you.

There are pros and cons for all available solutions and while most formal debt solutions share common advantages and disadvantages, you should always seek advice from a suitably experienced debt adviser. Call us on 0141 221 0999.

A Trust Deed is an effective statutory debt solution for residents of Scotland who have unaffordable debts.

If you qualify for a Trust Deed, you will pay a regular, affordable amount towards your debts and any debt left after the fixed term has ended will be written off.

The standard length for a Trust Deed term is 4 years, however, Trust Deeds may not be the best solution for everyone. There are other alternative ways of resolving personal debt issues in Scotland including the Debt Arrangement Scheme (DAS).

If you want to learn more about whether a Trust Deed is a good idea, call Trust Deed Scotland on 0141 221 0999 for tailored debt advice today.

When you enter into a Protected Trust Deed (or DAS) your future interest and charges will be frozen.

When you successfully complete the Trust Deed term, any remaining unsecured debt will be written off.

After entering into a Trust Deed, you’ll be paying back what you can afford to repay each month for a fixed period.

When you enter into a Debt Payment Programme under the Debt Arrangement Scheme (Scotland), you will legally freeze the interest and charges from the debts included in your DPP.

Like Trust Deeds, you will be paying back an agreed, affordable amount each month for a fixed period, and should you successfully complete the agreed DPP term, you will not need to repay interest and charges.

You can get help with your debts in Scotland from a number of places. Most of which will give you free advice at the very least. If you owe money to a number of creditors, you can make arrangements to repay your debts using formal government legislation.

One of the main purposes of any debt solution is to help you to regain control of your finances and reduce your outgoings to an affordable level. If it is an option for you, it may be possible to write to your creditors yourself and agree on a repayment plan.

However, if your debts have become unmanageable then a more formal debt solution may be required.

In Scotland, these solutions that use government-created legislation are known as a Scottish Trust Deed, Debt Arrangement Scheme and Sequestration. All of which stops creditors chasing you for payment, freezes interest and charges and reduce the amount that you repay to a realistic, yet affordable level.

Scottish Trust Deed – More correctly referred to as a Protected Trust Deed, this is set up by an insolvency practitioner and allows an individual to make a fresh start in a typical period of 48 months, and write off unaffordable debts. Find out more about the risks of Trust Deeds and benefits of Trust Deeds.

Debt Arrangement Scheme – In Scotland only, you can arrange a Debt Payment Programme under the Debt Arrangement Scheme. Find out more about the advantages of a DAS Scotland and the disadvantages of a DAS Scotland.

Sequestration – The term used to describe bankruptcy in Scotland. There are two types of personal bankruptcy in Scotland. Minimal Asset Process and Full Administration Process Sequestration. In this case, this will largely depend on your total debt level and your ability to repay those debts in a reasonable time and the assets that you may, or may not own.

When evaluating where to get help with your debts, you should ensure that you’re speaking to someone who is authorised by a UK regulatory body. There are many companies out there offering debt advice, but not all of them are suitably qualified and may be quick to sell you a solution that is not in your best interest.

Another consideration in your decision is to look for the reviews of that company online. Trust Deed Scotland^® have thousands of five star reviews on Trustpilot.

 You would struggle to be accepted for a mortgage whilst you are in a Scottish Trust Deed. Any property that you buy in the duration of your Trust Deed vests with the Trustee.

However, it would depend on your personal circumstances such as your income, and whether you can convince a Mortgage Advisor that you can reliably make your mortgage payments.

When choosing a Scottish debt solutions provider, firstly consider that Trust Deeds, Debt Arrangement Scheme and Sequestration are formal and legally-binding agreements between you and your creditors to pay back your debts over a period of time.

Depending on the solution that you elected to chose to clear your debts, these can only be set up by an Insolvency Practitioner, or a qualified Money Adviser (DAS).

There are many companies offering Debt Help in Scotland but many will act as intermediaries or lead generators who may typically pass your details onto someone else.

At Trust Deed Scotland® our team are based entirely in-house and we can guarantee that your details will not be passed onto anyone else. Your confidential information will remain safe and secure at all times.

Yes. Entering into a Trust Deed will affect your credit rating for 6 years from the date the Trust Deed begins.

Consider that if you are at your credit limit, or have already missed payments and defaulted on your agreements due to having unaffordable debts, then your credit may already have been adversely affected.

If you continue to struggle with your debts and make minimum payments, you will have an increased risk of being unable to repay your debts within a realistic time period, meaning the chances of defaulting on your original agreements will increase as a knock-on effect.

Yes, Sequestration does affect your credit file.

Usually, credit reference agencies will hold information about Sequestration for 6 years from when it was first granted. Your details will be also added to the Register of Insolvencies for 5 years.

Your credit score can be repaired thereafter, however, caution should be applied as it is often a legal requirement for you to disclose your Sequestration when you apply for a mortgage and therefore you may find your application rejected if you don’t.

If your credit file is important to you – You may consider looking into alternative Scottish debt solutions such as Trust Deeds and the Debt Arrangement Scheme.

When you’re looking into finding a Trust Deed company, with over 30,000 people helped in Scotland since 2009, we are in an excellent position to be able to help you apply for a Trust Deed and look forward to enjoying a brighter future.

Although we’re known as Trust Deed Scotland^® we’ve also helped thousands of people with alternative solutions such as the Debt Arrangement Scheme.

Ultimately, only a licenced insolvency practitioner can set up and maintain Trust Deeds on your behalf and that’s why having a Trust Deed company with an in-house team is beneficial for you as they will work together in order to make sure that you’re aware of the benefits and risks of the Trust Deed, but also that if it’s proposed, it’s in your best interest and likely to be successful.

We’re confident in our industry-leading positive outcomes and that if we apply for a Trust Deed on your behalf; it’s likely to be approved by your creditors. With 98.6% Trust Deed protection rate and 98% customer satisfaction, these are indicators of our commitment to you. Our empathetic, non-judgemental debt advisers will always put you at the forefront of the decision-making process.

We do not operate call centres. Some Trust Deed companies use call centres based in England or Overseas. However, we’re proud to be owned and operated in Scotland and specialists in Scottish Debt Advice.

You can contact Trust Deed Scotland today on 01412210999 or find out more about Trust Deed Scotland.

Your Trust Deed monthly payments are calculated using your disposable income. Your disposable income is a figure based on a deduction of your essential living costs that are offsettagainst your income. The amount left over is the amount of money that you have left to pay the people you owe money to (your creditors).

When you apply for a formal debt solution ibn Scotland, your essential living costs include your priority debts such as your mortgage, or rent commitments and other priorities such as utility bills and council tax.

Allowances are given for childcare, travel expenses, car finance and other essential expenditures are included such as food and even lifestyle costs such as haircuts and hobbies.

Entering into Trust Deeds or any other formal debt solution means that your monthly outgoings caused by unaffordable debt are significantly reduced, your new Trust Deed monthly payments are calculated fairly, alleviating the stress caused by debt.

When your Debt Payment Programme is approved, you are placed on the DAS register. This is coordinated and managed by the DAS administrator and is available to potential lenders who you may be looking to borrow from.

Credit rating agencies use the DAS Scotland register, besides other insolvency registers to add information on to your credit history, which then reports your credit score.

Therefore, your DAS is likely to negatively impact your ability to take out further credit. Like all other formal insolvency solutions in Scotland, the presence of the Debt Arrangement Scheme on your credit report will last for a minimum of 6 years.

However, it is also worth noting that while the Debt Arrangement Scheme can last a longer period of time as repayments can continue to up to approximately 10 years, some alternative solutions, such as Trust Deeds, will end typically after only 48 months.

While your credit score may be important for you later in life, if you’ve been missing payments and been served a default notice on those debts, your credit score is highly likely to have already been severely impacted.

How long does a DAS take to setup? The Debt Arrangement Scheme can take 5–6 weeks to set up. DAS is not insolvency, it is the only statutory debt management plan in the UK, however there are some procedures required. These include requesting up to date balances from creditors, preparing a proposal which is sent to creditors, and dealing with potential objections.

Using our Trust Deed Wizard® tool helps to speed up those administration processes and having an in-house team that handles the Debt Arrangement Scheme from initial enquiry, to DAS application and implementation helps to secure a Debt Arrangement Scheme quicker than most other approved DAS Money Advisers.

For an individual, the Debt Arrangement Scheme in Scotland can last for a ‘reasonable’ length of time with no official minimum or maximum length.

It is unusual for the Debt Payment Programme (DPP) to last longer than 10 years, and there may be more suitable solutions for you such as Trust Deeds.

For businesses, a business Debt Arrangement Scheme may last for a maximum of 5 years.

48 months typically. Trust Deeds in Scotland last for a minimum of 4 years.

You will make one reduced, affordable monthly payment to your Trustee, who distributes the money to your creditors, minus their fee for arranging and managing the Trust Deed.

However, in some circumstances, it may take you longer to complete the Trust Deed. e.g the duration of the Trust Deed term may be extended for 12 months, meaning that the Trust Deed duration would then be 5 years.

This will be discussed with you in more detail when you speak to our experienced debt advice team.

Call Trust Deed Scotland today and not only can we confirm how long a Trust Deed lasts in Scotland for you depending on your circumstances, but we can also find out how we can help you with your unaffordable debts and provide you with tailored debt advice.

How long does it take to set up DAS? If you choose to enter into a Debt Payment Programme under the Debt Arrangement Scheme Scotland, the first steps involve your Money Adviser proposing the DPP to your creditors. A DPP under DAS is proposed to creditors.

• Proposals are sent to all known creditors giving them 21 days to accept or reject the proposal
• If no creditors reject the proposal, then the DPP is approved automatically
• If creditors reject the proposal and they are owed up to 10% of the total debt, then the DPP application will be automatically approved
• If one or more creditors reject the proposal and they are owed more than 10% of the total debt, then the DPP can still be approved if the proposal is judged to be ‘fair and reasonable’ by the DAS Administrator (the Government agency responsible for DAS)
• If the DPP proposal is not approved, then you have a right of appeal, however, you may need to consider other solutions such as a Protected Trust Deed or Sequestration.

Trust Deed Scotland^® have an experienced in-house team that work with our clients from initial enquiry for help with debt, through to implementation and maintenance of the solutions that we offer. This is important as it allows greater continuity between the advisor that you speak to and your dedicated money adviser thereafter. If you work with one organisation, who in turn works with other organisations within that chain, it will often take longer to set up a DAS as a result.

The Trust Deed Wizard^® tool allows us to speed up the process of setting up as DAS, as it allows us search for your creditors, work out your disposable income, request up to date balances from the people that you owe money to, prepare your proposal which is then sent to creditors and dealing with potential objections.

According to official AiB data, there were 5,622 Trust Deeds granted in Scotland in 2023. This compares to 5,547 people being granted a Trust Deed in the previous year of 2022.

As a formal Scottish debt solution, the Protected Trust Deed remains the most commonly used formal method of repaying debt in Scotland. For comparison, AiB data shows that in the Financial Year of 2023-24, there were 5,278 approved Debt Payment Programmes (DPPs) under the Debt Arrangement Scheme (DAS).

Trust Deed Scotland^® is the No.1 Rated Debt Solutions company in Scotland based on our Trustpilot reviews and we’ve helped over 30,000 people use Trust Deeds to achieve a brighter future.

For the whole of 2023, 98.6% of our Trust Deeds gained protection status. An industry-leading statistic.

The minimum debt level required to enter into a Trust Deed is £5,000 and this total debt amount is based on your unsecured debts only.

Examples of unsecured debts include personal loans, credit and store cards, payday loans, council tax arrears, catalogue debts, credit union debts and bank overdrafts.

It may be possible to include a mortgage shortfall from a previous address which has since been repossessed or car finance where the car has been handed back already. Some HMRC debts can be included in certain conditions and if you have a mobile phone bill, for example, you can include these debts also, should you no longer wish to use the contract. You can include utility bills from previous addresses. Some debts cannot be included in Trust Deeds, for example, student loans and court fines.

When you look to take out a Scottish Trust Deed and have less than £5,000 debts, you may also consider the Debt Arrangement Scheme as an alternative.

You may also qualify for more than one debt solution, and in order to understand the advantages and disadvantages of each and how they may directly affect you.

You don’t need to pay any setup fees upfront for your Trust Deed but there are costs involved in running a Trust Deed, such as:

1. A fixed administration fee.

2. A percentage fee based on the amount you’re paying back.

At the moment all Insolvency Practitioners charge fees and there’s no free service, however, Insolvency Practitioner fees are included in the monthly amount that you agree to pay back.

These Scottish Trust Deed fees are agreed by your creditors and put simply, they are absorbed by the creditors as they are writing off a proportion of your debt. The purpose of the Trust Deed is to allow you an opportunity to get out of debt, and reduce the amount you pay each month towards debt payments. You can also find out more about how your monthly Trust Deed payment is calculated.

Your DPP payments will be calculated based on what you can afford to pay after all of your essential expenditures have been paid.

You will not be charged setup fees by Trust Deed Scotland® for your Debt Arrangement Scheme.

The monthly costs of administering the scheme are borne by the creditors i.e. from every £ received into the scheme, 22p is used to pay these costs; this 22p is split between the DAS Administrator (2p) and the Money Adviser (20p).

There may also be a payment made to the Payment Distributor (PD) and, if so, this would result in the Money Adviser’s fee being reduced by the same amount as paid to the PD. The remaining amounts are distributed amongst all creditors on a pro-rata basis and a successfully completed DPP deems all debts to be repaid in full.

This is the same for all individuals whether they use an insolvency practitioner/private sector firm (e.g. Harper McDermott Ltd) or a public sector organisation (e.g. CAB or local authority Money Adviser)

There is a charge of £150 to go through the Full Administration Sequestration process in Scotland. You might be able to pay this in instalments and if you are in receipt of certain prescribed social security benefits (e.g. Universal Credits, Child or Working Tax Credits) or you are assessed as having no surplus income then there is no application fee payable.

The Minimal Asset Process route to Sequestration has no fees at all.

A Trustee’s fees and costs are met from the funds received into the bankruptcy through the realisation of assets and your monthly income contribution; there are no payments due by you over and above the agreed contributions from your income and/or assets.

For further information on all formal debt solutions fees in Scotland, you can call us on 0141 221 0999.

Trust Deeds are a form of personal insolvency in Scotland. They were introduced as a formal debt management solution for Scottish residents and have been revised a number of times since they were first introduced in Scotland.

Every year, thousands of people use Trust Deeds to get themselves out of debt alongside other formal debt solutions known as the Debt Arrangement Scheme and our equivalent of bankruptcy, known as Sequestration.

In order to qualify, your unsecured debts need to outweigh the value of your assets, such as a house or vehicle(s) and you would typically owe a minimum of £5,000. While this is the minimum, there is no recognised maximum amount with some Trust Deeds becoming put in place with over £40,000 of unsecured debts.

Unsecured debts typically include companies that you owe money to such as credit card debts, personal loans and store cards.

Benefits of Trust Deeds

• Debt payments are rearranged over a period of 4 years so that they are affordable for you. After this time any remaining debt is written off.
• Once your Trust Deed is protected, your creditors won’t chase you for payment or add more interest and charges to your debts, and they can’t take any court action.
• You get to protect your home and car.

Risks of Trust Deeds

• Your credit rating will be affected for six years, starting from the date the arrangement is agreed.
• There’s a risk of sequestration if your Trust Deed fails.
• Trust Deeds may affect the terms of your employment for certain occupations. If you’re concerned about this you should check your contract or speak to your human resources department.

When people think of insolvency, bankruptcy or sequestration there is sometimes a stigma attached to these words which can deter an individual from seeking help with debt in Scotland. However, the reality is that many more people every year are using Trust Deeds and the alternative Scottish debt solutions to get their finances back to a manageable level

We have 3,000 debt advice reviews, and this can be a good starting point to find out how other Trust Deed Scotland clients found the process in their own words, which helps to shows that Trust Deeds are an insolvency product which not only helps people with their debt but furthermore allows them to successfully get their lives back on track.

In Scotland, Trust Deeds are a valuable formal Scottish debt solution that offers a way to manage your unaffordable debt.

You can reduce your monthly debt payments down to an affordable level and make a fresh start in as little as 48 months. You must have a minimum of £5,000 of unsecured debt to qualify, but you can apply for a Trust Deed if you have over £50,000 of unsecured debt also.

If you qualify, a Trust Deed is right for you depending on your personal circumstances and ultimately you should be given qualified debt advice to explain to you the advantages of Trust Deeds and the disadvantages of Trust Deeds and there are alternative debt solutions in Scotland that may be more suitable for you such as the Debt Arrangement Scheme.

You should never feel pushed into taking a Trust Deed, or indeed any other type of debt management product including debt consolidation loans.

When asking yourself the question Is a Trust Deed right for me, only you can make that decision after receiving balanced and transparent debt advice.

If you need more information on how Trust Deeds work, call us on 0141 221 0999 for confidential debt advice, or try our Trust Deed Wizard^® tool now.

IVAs, also known as Individual Voluntary Arrangements are the English, Welsh and Northern Irish equivalent of Trust Deeds in Scotland but an IVA is not exactly the same as a Trust Deed.

The length of the process is the main difference, with a Trust Deed typically lasting 4 years and an IVA lasting 5 years. Sometimes you may read about a Scottish IVA, but this is a term generally used to describe a Trust Deed.

Another difference is the amount of debt that can be included with a Trust Deed, you would typically have £5,000 of unsecured debt, and with an IVA, you can apply for an IVA with £6,000 of unsecured debt.

While an IVA may not technically be the same as a Trust Deed, there are other similarities and differences between IVAs and Trust Deeds. There are other solutions in Scotland that vary from the rest of the UK solutions including:

the Debt Arrangement Scheme (Scotland) – DMP: Debt Management Programme (England, Wales & Northern Ireland)

Minimal Asset Process (Scotland) – DRO: Debt Relief Order (England, Wales & Northern Ireland)

Sequestration (Scotland) – Bankruptcy (England, Wales & Northern Ireland)

A key difference between the Debt Arrangement Scheme and a Debt Management Programme is that DAS allows interest and charges to be legally frozen and the DMP is a voluntary agreement between an individual and their creditors. It’s another formal Scottish debt solution only available to residents in Scotland, and there are plans to create a similar agreement for English, Welsh and Northern Irish residents in due course.

There is no formal age restriction for entering into Protected Trust Deeds or Debt Payment Programme under the Debt Arrangement Scheme.

You need to be at least 18 to enter into a Trust Deed. This is because if you’re below the age of 18 you typically wouldn’t be able to borrow money legally anyway, as you cannot sign credit agreements if you are under the age of 18 in Scotland.

There’s no maximum age for a Trust Deed, but you may need to consider that Trust Deeds lasts a typical period of 4 years and your ability to repay your monthly contribution may be impacted by how close you are to retirement if your income were to drop significantly before your Trust Deed has ended. Likewise, there may be similar considerations for DAS.

Each proposed case will be considered on its own basis and risks, you can get confidential advice on this subject by calling us on 0141 221 0999.

When you need debt help in Scotland, you should feel confident that the organisation that you’re speaking to is genuine.

Trust Deed Scotland^® are aware of some ‘clone firms’ who are using altered versions of our name such as ‘Scottish Trust Deeds’ and other variations of our trademarked name, and campaign awareness slogans to convince people that they’re the official Trust Deed Scotland^®

They’re not genuine. They’re sometimes not authorised to give debt advice.

Once a clone firm or scam website has your data, they could:

We have helped over 30,000 people.

2. How many years have they been trading?

We were established in 2009.

3. Do they sell details on to other companies?

We never sell or mishandle your details, our team are based exclusively in-house.

4. Did they cold call or send unsolicited text messages?

We’re here for our clients, only when they need us.

5. Are they based in Scotland?

We are 100% owned and operated in Scotland.

6. Are they based in a call centre?

We don’t operate call centres, either here in Scotland, or overseas like some.

7. Are they trying to force people into a solution?

We explain the benefits & risks of all available solutions and let our customers make an informed decision in their own time.

8. What’s their creditor approval % rate?

98.6% of Trust Deed Scotland^® customers’ Trust Deed proposals are approved by creditors. 99.8% of our Debt Arrangement Scheme proposals are approved. See adterms for more info on our latest statistics.

9. Do they charge setup fees?

We never have and never will, charge upfront setup fees or ask people to pay for debt advice.

10. Do they offer alternative sources of debt advice?

Yes. As well as providing information on MoneyHelper, who offers free debt counselling, debt adjusting and providing of credit information services to customers, we also provide links to other impartial, debt charities.

There are a few differences between the Debt Arrangement Scheme (DAS) and a Scottish Trust Deed but the main differences are as follows.

Length – Trust Deeds last for 4 years. After this time, any remaining unaffordable debt is paid off. With the Debt Arrangement Scheme, they last until all your debt is repaid, this can be up to 12 years.

Amount of debt – to qualify for Scottish Trust Deeds, you must owe at least £5,000 of unsecured debt. For the Debt Arrangement Scheme in Scotland, there is no minimum debt level.

Assets – A Debt Arrangement Scheme does not involve any assets.

There are other alternative Scottish debt solutions too. You should always get debt advice tailored to your own circumstances, as all cases are unique depending on your situation and affordability.

For a business Debt Arrangement Scheme, you can include debts arrears from:

✓ Business rates, The following HMRC debts: ✓ PAYE ✓ VAT ✓ National Insurance ✓ Self Assessment Income Tax ✓ Rent ✓ Utilities ✓ Trade Suppliers

As well as a Business DAS, you may qualify for other forms of self-employed debt help.

The Debt Arrangement Scheme can include most unsecured debts, including:

✓ Credit Cards ✓  Store Cards ✓  Personal Loans ✓ Overdrafts ✓ Payday Loans ✓ Council Tax Arrears ✓ Utility Bill Arrears ✓  Shopping Catalogues ✓  Credit Unions ✓ HMRC

The following secured debts but only the arrears – this is optional:

✓  Mortgage Arrears, which are missed mortgage payments ✓  Rent Arrears, which are missed rent payments ✓  Car Finance Arrears, which are missed payments on your car, such as with an HP agreement

The following cannot be included in a DAS: Student Loans. Court Fines. CSA / Child Maintenance Arrears

Find out more about Trust Deeds too as there are variations in the types of debt that can be included in a DAS but more so, it allows you to make an informed decision on whether a formal debt solution is likely to be a type of Debt Consolidation that fits your needs.

Almost all unsecured debts can be included in Trust Deeds such as:

• Personal Loans
• Payday Loans
• Credit Cards
• Council Tax Arrears
• Store Cards
• Catalogues
• Overdrafts
• Credit Unions
• Mortgage Shortfalls (Repossessed property)
• Car HP, PCP Finances (Vehicle already handed back)
• HMRC Bills (Self-employed)

The main debts that can’t be included are student loans, court fines, and secured loans. Contact us today for advice on what types of debt can’t and can be included in a Trust Deed or any alternative solutions.

Find out more information on Protected Trust Deeds.

A Scottish Trust Deed can include most unsecured debts, including:

• Unsecured Loans
• Credit Cards
• Store Cards
• Council Tax Arrears
• Payday Loans
• Catalogues
• Overdrafts
• Credit Unions
• Mortgage shortfalls for previous address
• Car finance shortfalls for a previous vehicle
• HMRC Bills (self-employed)

Unfortunately, Student loans, local authority parking fines and court fines can’t be included in a Protected Trust Deed. If you have a guarantor loan, you can include this personal loan type in the Scottish Trust Deed, but it will impact the guarantor whoo would then become liable for the payment of that debt.

If you are discharged from your debt you legally no longer owe this debt and can’t be pursued for it.

What can life after debt look like? When we talk about our customers being able to enjoy life after debt, we’re referring to the fact that upon completion of a formal debt solution, any debt included in the original plan will be successfully written off. In some cases, through no fault of their own, customers may again find themselves with unaffordable debt in the future. In such rare occasions, a customer may need to review their options at that point and make an informed decision on the best way forward.

You can find out more about what is life after debt which describes in greater detail what life after debt looks like for some of our customers and find other information such as what happens when a Trust Deed arrangement is complete. Many other customers ask associated questions including how to rebuild your credit.

A Protected Trust Deed is the status your Trust Deed gains when the majority of your creditors agree to its terms and the AIB or ‘Accountant in Bankruptcy’  to protect it.

After your Trust Deed is registered, all creditors have the opportunity to object. However, if either a majority in the number of creditors or a creditor with over 33% in debt value object within five weeks, then it can fail to become protected. If they don’t object your Trust Deed will be presented to the AiB for protection.

Getting your Trust Deed protected means that your creditors can no longer pursue you or take any action to recover the debt. If your biggest creditors don’t agree to your Trust Deed, it’s not ‘Protected’ and therefore not legally binding.

At Trust Deed Scotland^® we have a 99% creditor acceptance success rate for protection and we make the entire process as transparent and stress-free as possible.

If we can see a risk that a Trust Deed may not gain protection, we will always try to manage your expectations and let you know beforehand. In some scenarios, a Debt Payment Programme under the Debt Arrangement Scheme (Scotland) may be more appropriate for your needs.

When your agreed Trust Deed term has been completed, your Trustee will issue you with a letter of discharge and you will then be formally discharged from your Trust Deed.

Trust Deeds typically lasts for 48 months but it may be extended by a year if you want to protect your assets such as your home and car.

When you are discharged from a Protected Trust Deed, you will also be discharged from any outstanding debts which were due at the date you signed your Trust Deed. This means that your creditors are no longer allowed to pursue money that was owed to them when you signed the Trust Deed. Any unsecured debt will be formally written off.

As well as receiving the letter of discharge after the Trust Deed term has been completed, a copy of the letter will go to the Accountant in Bankruptcy and the Register of Insolvencies will record your Trust Deed discharge. Towards the end of your journey with us – we will dedicate time to inform you of what happens next when our customers want to know what happens when a Trust Deed finishes.

Now that the formalities are taken care of, you are officially able to start realising your dream of enjoying a brighter future.

Should you wish to do so, now that the term has ended; you can begin to apply for new credit facilities and work towards improving your credit score after a Trust Deed.

If you’re a homeowner and your property is worth more than the amount owed on your mortgage, you may have to release some of its equity in order to proceed with a Trust Deed.

Mortgage equity is the difference in monetary value between what you owe on your mortgage and the current value of your property.  The equity value is fixed at the start of your Trust Deed, so if the value of the property should go up, it doesn’t affect the conditions of your Trust Deed.

Where you have negative equity or a low level of equity, a threshold is set where the equity figure can be ignored.

If there is significant equity in your home, you’ll agree with the Trustee how to deal with this in advance. You may, for example, extend the Trust Deed term from 48 months to 60 months.

Where you have a large amount of equity in your home and a Trust Deed is not your best option – the Debt Arrangement Scheme may be more suitable for you, as equity in your home is irrelevant.

Your advisor will discuss this with you, and if necessary, any equity arrangements will be organised before entering into a Trust Deed.

You shouldn’t take out any credit while in the Trust Deed. If you do apply for a loan while in a Trust Deed, you will still be liable for the new debt and can’t add it into the Trust Deed at a later date.

If there’s a change in your finances whilst in your Trust Deed, let your Trustee know and they will help you complete your Trust Deed.

If you don’t speak to your Trustee and fail to make the agreed monthly payments you will be in breach of the terms of your Trust Deed and further action could be taken against you.

For example, your IP can take further action such as instructing an earnings deduction. They can also petition for your Sequestration or may decide to resign from the Trust Deed which may result in your Trust Deed failing and creditors pursuing you once again.

If your circumstances change when you’re in a Trust Deed, the most important thing to remember is that you tell your Trustee of any financial changes that will prevent you from making the agreed Trust Deed payment amounts immediately.

The amount that you repay has been agreed with your creditors but ultimately, your Trustee is there for you and to help make sure that the Trust Deed doesn’t fail.

Your Trustee will work with you in order to help you complete the Trust Deed term and if your circumstances have changed while in a Trust Deed then a variation in the Trust Deed is likely to be the first step if you were to lose your job for example.

Trust Deeds, the Debt Arrangement Scheme and Sequestration / Minimal Asset Process are all formal debt relief tools in Scotland designed to help get you out of debt depending on your circumstances, but there is flexibility built within them, to deal with situations that may arise from time-to-time.

What is a Trust Deed?

A Trust Deed in Scotland is a legally binding, voluntary agreement between you and your creditors to repay your debts at an affordable level, for a minimum period of 48 months.

Managed and administered only by a Trustee, at the end of the term, any unsecured debts left will be written off – allowing you to regain control of your finances.

In order to qualify for a Trust Deed in Scotland, you will have at least £5,000 of unsecured debt outstanding to the people you owe money to. This is debts such as credit cards, personal loans and a whole load of other types of unaffordable debts.

To find out if a Trust Deed is right for you, call Trust Deed Scotland today and one of our experienced debt advisers will be able to give you tailored advice that allows you to make an informed decision on whether applying for any formal debt solution is right for you.

We’ll be able to tell you what Trust Deeds are and the pros, cons of entering into one. We will also be able run through all alternative Scottish debt solutions such as the Debt Arrangement Scheme.

A Trustee is a person who takes responsibility for managing money or assets in an official capacity. In the context of Trust Deeds, a licensed Insolvency Practitioner will take on the role of Trustee, and they will administer the Scottish Trust Deed on your behalf.

The Trustee will become the liaison between you and your creditors. As long as you make the agreed reduced monthly payments, the people you owe money to (your creditors) can no longer call you up, email you or contact you directly to chase the repayment of the money you owe to them.

In a Debt Arrangement Scheme, the equivalent role is performed by a fully trained and approved Money Adviser.

Persistent Debt in a term used by credit card lenders when you pay more in interest and charges on your credit card than you’ve repaid of the amount borrowed. If you’ve received a letter from your bank telling you that have a ‘persistent debt’, you may feel upset, even if you don’t think you’re ‘in debt’ at that moment.

This persistent debt calculation is based on your activity for the last 18 months. Having a ‘persistent debt’ could make it more likely that you get into difficulty with debt in the future.

Minimum payments tend to only cover the interest and charges on the debt, or at most a very small amount of the balance. By paying more each month, you could reduce your credit card balance quicker and move your account out of its persistent debt status. By doing so, you could also save yourself money because you’ll pay less in interest.

If you are worried about persistent debt, or credit card debts, get in touch with Trust Deed Scotland today on 0141 221 0999.

The basic criteria for a Protected Trust Deed include:

Scottish Residence – If you live in Scotland or you have lived here in the past year.

Affordability – Demonstrate that you cannot afford to pay your debts in a reasonable period of time and that you can afford a regular contribution over the term of your Trust Deed, typically 48 months.

Total Unsecured Debt – You would typically have unsecured debts of at least £5,000 to qualify for a Trust Deed.

Property – How much equity you have in the property.

If the lenders that you owe monies to agree your proposals for a Trust Deed it becomes protected. Trust Deeds can only be administered by a licensed Insolvency Practitioner.

If for whatever reason your Trust Deed fails, you could face Sequestration and interest that was previously frozen could be re-applied to your debts. However, this would be fully examined prior to applying for the Protected Trust Deed and you could also pursue other alternatives such as the Debt Arrangement Scheme. The reality for some people is that Sequestration itself, or Minimal Asset Process is a suitable way of dealing with their debts, despite the attached stigma of ‘bankruptcy‘.

Which Scottish debt solution is right for you may depend on a number of factors. As always, these depend on your unique situation.

• Your personal circumstances.
• What debts you have – Unsecured & Secured. Priority and Non-Priority.
• Your available income.
• The assets that you own.
• The impact on your credit rating.

A secured debt is any debt that is secured against an item. The company lending you the money will use your asset as security if you can’t repay your loan, which means your lender has the right to repossess your home or car (whatever asset was used to secure the loan.)

Unsecured debt is when you borrow money from a lender and agree to make regular payments until it’s paid. This type of debt, usually borrowed as a loan, isn’t secured on any assets and so the interest rates tend to be higher.

When it comes to repaying debts, many unsecured loan debts can be included in either a Trust Deed or DAS, however, there are some considerations.

Student loan – Unsecured debt but can’t be included in a Trust Deed or the Debt Arrangement Scheme.

Guarantor loan – Unsecured debt, can be included in a Trust Deed or DAS but will mean that the lender will almost certainly pursue the person who acted as a guarantor on your behalf for repayment of the debt.

The difference between a Trust Deed and a Deed of Trust is very different.

A Trust Deed is a type of formal debt solution in Scotland, an alternative to bankruptcy for Scottish residents and involves a professional overseeing your repayment of debt over a certain amount of time to the people you owe money to (your creditors).

A Deed of Trust meanwhile, is a legal document most commonly related to the ownership of property across the whole of the UK. It also involves a Trustee who manages how property is really owned, enabling your percentage of ownership to be protected, even when you are not listed in the land registry as the owner.

For more information, we have a specific info hub article on the differences between Trust Deeds and a Deed of Trust.

As with all formal debt solutions in Scotland, the main downside for you will be how it affects your credit rating.

Having a Trust Deed will affect your credit rating for six years from the date the Trust Deed begins.

When borrowing money, credit reference agencies will assess the level of risk and base their decision on your financial history. This will include any defaults, whether you’re in a Trust Deed or used any other form of debt relief tool.

However, once your Trust Deed term has been complete and you have been discharged, you can then start to rebuild your credit rating and apply for a mortgage, credit cards etc.

While in a Trust Deed, you will make reduced monthly payments to your creditors, during which time you can get on with your life.

Before you commit to any Scottish debt solution, you would have a detailed call with an experienced debt advisor and the benefits and risks would be fully explained in the context of your own personal circumstances.

Every case is different to the next and with Trust Deed Scotland, you would receive tailored debt advice on what your debt repayment options may look like.

£5,000 of unsecured debt is the minimum debt level required to qualify for a Trust Deed.

You must also be able to pay a monthly contribution based on having enough expendable income. Typically this is calculated by subtracting your expenditure from your total income leaving an amount often referred to as disposable income.

While a Trust Deed will allow you to write off an element of your unaffordable debt, you may also be eligible for the Debt Arrangement Scheme (DAS) or other Scottish Debt Solutions. Depending on how much you owe, and how much you can afford to repay, one of these alternatives may be just as effective as a Protected Trust Deed.

You can also find out more about how does a Trust Deed work and get Scottish Debt Advice today by calling us on 0141 221 0999.

A Protected Trust Deed remains on your credit file for six years from its start date, alongside previous default notices, and before you’re discharged you won’t be able to obtain credit.

When the Protected Trust Deed term is complete, you’ll find that lenders are reluctant to lend money to you until you build up a better credit score, and demonstrate that you can handle your finances again.

Inform the Credit Reference Agencies

Once you’ve been discharged from the Trust Deed, you should let the credit reference agencies know as soon as possible.

Your trustee will issue a Discharge Certificate which should be copied and sent to the three main agencies so they can log it on your file.

Check that the information held about you is correct

Credit reference agencies are used by lenders as part of their due diligence procedures, and the information held about you will be a major factor in their willingness to lend.

This is why it is advantageous to check at regular intervals that the information on your credit file is correct once the Trust Deed has ended.

If creditors have failed to inform the agencies that you’ve repaid certain debts, this will continue to harm your credit rating.

So if you find an error, you should contact the creditor concerned and request that they inform the credit reference agency. The debt should then be marked as ‘satisfied’ on your credit file.

Use credit to your advantage

Credit can be used to boost your credit score once the Trust Deed term is complete. If you don’t have any lines of credit in the long-term, it can have a detrimental effect on your credit rating.

Lenders like to see that you’re responsible with money, and a great way to illustrate that you a responsible borrower is by using ‘credit builder’ credit cards.

A number of specialist lenders offer these credit cards for people who are trying to rebuild their credit file following a period of debt. As long as you meet all the required repayments in full and on time, your credit rating will be boosted over time.

If you fail to make a single repayment, however, your credit file will be further damaged and you’ll find it significantly more difficult to borrow in the future. Additionally, it’s better to use this type of card for small purchases which can be repaid easily in full, rather than large items, as the interest rates are extremely high if you default.

Lenders typically look at the recent credit activity when they check a credit file, and over a period of time time, repaying the balance on your card each month will work in your favour, as it shows that you can be trusted again as a borrower.

Additionally, your lender may be inclined to reduce the rate of interest attached to your card, if you repay in full over the long-term.

Make sure you’re on the electoral register

Being on the register to vote in Scotland confirms to lenders that you have a permanent address, which will generally boost your chances of being offered credit when you look to rebuild your credit score.

You are discharged from Sequestration typically 12 months after you formally entered the process. For Minimal Asset Process, you are discharged after a period of 6 months.

However, this may not be the end of the process because the terms of your Sequestration may include that you have to make a contribution to your estate for a period of 48 months.

If you’re in employment, you may be obliged to make a contribution to paying back your creditors for a period of 4 years, which will continue for a period after being discharged from Sequestration.

Therefore, while Sequestration gives you a strong chance to write off unaffordable debt and get your life back on track, you should seek expert Debt Advice as Trust Deeds and the Debt Arrangement Scheme might be a better solution for you depending on your circumstances.

You can get free and impartial debt advice from Moneyhelper also.

Trust Deeds are registered on the Register of Insolvencies.

We’re a professional Trust Deed company giving tailored debt advice and information on the advantages and disadvantages of  Trust Deeds and other alternatives including the Debt Arrangement Scheme.

Not only do we give advice on Scottish debt solutions in Scotland but we also implement the solutions on your behalf. This means that you will remain with us from the initial enquiry, during the process and thereafter. This continuity in service means that you’re not passed onto numerous companies during the process.

We’ve helped over 30,000 people in Scotland get their finances in shape, and have a 5/5 rating on TrustPilot based on thousands of trust deed reviews. We’re proud to say that since we first started out, we’ve become Scotland’s No.1 Trust Deed Specialists.

The Trust Deed Scotland^® service is non-judgemental and confidential and there’s no obligation to agree to anything after talking to us. We aim to ensure that you feel empowered to make an informed decision on whether a formal Scottish debt solution is right for you.

A Trust Deed is available to people who have been living in Scotland for more than six months and who have total unsecured debts of £5,000 or more.

There are many factors that can influence your eligibility for a Protected Trust Deed, including:

• Homeowner equity

• How much you can afford to pay

• Your debt level

• Who your debts are with

You can qualify as a homeowner (depending on your equity, don’t worry we will check this as part of the process), a private tenant, a council tenant, or someone who lives with their parents. If you own your home, your Trust Deed Scotland® advisor will explain to you how you can protect it.

Find out if you’re eligible for a Trust Deed with our Trust Deed Debt Calculator. Alternatively, learn more about the Debt Arrangement Scheme and browse our Scottish Debt Solutions guide. 

You are eligible for a DAS ( Debt Arrangement Scheme ) if you are a resident of Scotland and also have money left over at the end of each month (after you’ve paid your household costs, like rent/mortgage/accommodation, food shopping, and utility bills) and you can clear your debts in a reasonable amount of time.

The quickest way to find out if you are eligible for a DAS is to use our online form, or contact us for tailored Scottish debt advice from an experienced debt adviser.

We will work with you to find out if DAS is the best debt solution for you, based on your situation.

The governing body for Trust Deeds is known as the Accountant in Bankruptcy (AiB). The AiB supervises all Trust Deeds however each Insolvency Practitioner is licensed by their own regulatory body.

Our Insolvency Practitioners are regulated by the Insolvency Practitioners Association.

Your credit rating will be affected, but in our experience, if you have overextended yourself – even if you haven’t missed payments, it may have already been damaged.

Once your Trust Deed agreement has ended, you can start rebuilding your credit rating. A default notice will remain on your credit record for six years after it’s registered. The average Trust Deed lasts four years, so it’ll be on your credit record for two years after it’s complete.

In our experience, most people don’t want to live under the burden of debt after completing a Trust Deed.

Certain employers may not allow any form of insolvency, particularly if you work in the finance industry. We can give you advice on this during a phone call.

Entering into Trust Deeds will not affect your partner or spouse unless you have joint debt together.

When you sign a credit agreement, because you have done so in your own name; your spouse or partner is not responsible to pay your debts. If you start a Trust Deed, your partner or spouse will not be directly involved with the agreement.

They will not be forced to help you repay your debt and your creditors are forbidden from revealing details of the debt to your partner/spouse unless given clear permission to do so by you.

Getting a mortgage after completing a Trust Deed is possible but other factors will decide this.

For example, LTV. Loan to value is the ratio of the value of the home you want to buy and the loan you’ll need to buy it, shown as a percentage. Having a good LTV can lower the interest rates offered to you and mean you have more equity in your home.

A higher LTV is a greater risk to lenders if the property market drops and this depends on what level of LTV% the providers are willing to offer. This will also depend on your income and whether you can convince a mortgage lender that you’re a responsible borrower. We recommend that you talk to a financial advisor for more information about this.

You can read the following TrustPilot review from a customer who was previously in a Trust Deed and went on to get a mortgage.

People sometimes worry that they will be chased for payments after their Trust Deed has been protected, However, once you enter into a Trust Deed, your creditors will be required to direct any contact to your Trustee, rather than to you personally.

A Protected Trust Deed uses formal legislation, meaning your creditors are legally bound not to contact you for any payments, as the payments for your debt will now come from your Trust Deed contributions.

If in the rare instance that you are in a Trust Deed and a creditor who is included in this agreement makes contact with you, you would refuse to engage in any conversation with them and simply refer them to your Trustee. Don’t worry about this, your Trustee will reiterate the terms of the trust deed to the people you owe money to at any given time.

It’s not uncommon for debts to be sold onto other companies, and the new lender may write to you to inform you of this process. On any such occasion, it is merely for informational purposes only and your Trustee will deal with this transfer on your behalf. All you need to focus on is repaying your agreed contribution as normal.

Your assets will be safe if you stick to the Trust Deed terms. Speak to an adviser today to find out what your options look like should you have a considerable asset.

With industry-leading approval rates for Trust Deeds and the Debt Arrangement Scheme – we have the experience to guide you through the process with a reasonable forecast of what solutions are open to you and their likely chance of approval.

With our insolvency industry experience, a fantastic rate of almost 99% of our Trust Deed proposals are accepted.

If a creditor wanted to object, it would do so in writing within five weeks of your Trust Deed being proposed. Even then, it would only fail if that creditor represented over 33% in the total debt value or over one half in number. If 67% agree with the proposal, then the other creditors will still be legally bound by its terms, even if they object.

In the unlikely event that your Trust Deed did fail, your Trustee would negotiate your case in an attempt to have it accepted.

Remember other Scottish debt solutions such as the Debt Arrangement Scheme (DAS) and Sequestration can also be available.

It is possible that being sequestrated could affect your existing employment and prospects for future employment.

If you are in any doubt then you should review your employment contract and/or speak confidentially to your HR department.

If you are working in the financial services industry, police, armed forces, prison service, licensed HGV driver, Chartered Accountant or are a member of any recognised professional body then you should take further advice, this will be discussed by your adviser prior to you making an application for bankruptcy. This list of affected jobs/careers is not exhaustive.

If you’re worried about whether Sequestration would affect your job call us on 0141 221 0999, find out more about all debt solutions available in Scotland.

*The expected debt write-off figure of up to 70% is based on 1,671 Protected Trust Deeds currently administered by Trust Deed Scotland® and protected between 1 January 2023 and December 31 2023.

The expected write-off percentage includes the costs of administering each Protected Trust Deed (PTD). More information relating to the costs of administration can be found by clicking here on our Fees Information page.

In this sample of PTDs, the expected write-off figure reaches as high as 84%. 226 PTDs or 13.5% of the cases have an expected debt write-off percentage between 70% and 84%. The average (mean) expected write-off is 51%.

Your decision to apply for a Protected Trust Deed should not be taken purely on a proposed debt write off amount alone. It is very rare for a Trust Deed not to be protected with Trust Deed Scotland® and we have one of the best protection rates in our industry, for example, in 2023, we achieved a protection rate of 98.6%, this made us the best performing volume provider of Protected Trust Deeds in Scotland.

Trust Deed Scotland® provide tailored debt advice on all available debt solutions in Scotland.

We make sure that our customers get personalised debt advice based on their affordability, lifestyle and needs. May not be suitable for all. Will affect credit rating.

To find out what your options are, simply complete our online form or just call us on 0141 221 0999.

Trust Deed Scotland^® Official Site. ✓ No.1 Rated in Scotland For Trust Deeds On TrustPilot  ✓ Find Out Now If You Qualify ✓ 30,000 Helped ✓ Call 0141 221 0999.

A charge to pay and a charge for payment gives you 14 days to pay the debt in full.

You may have received a ‘Debt Advice and Information package’ with the charge to pay or charge for payment from your creditor, which gives you information on your rights and where and how to get advice.

Some creditors may be willing to negotiate an informal payment arrangement with you. If you have received one of these get debt advice from an organisation such as Trust Deed Scotland as soon as possible as we can give you tailored debt advice based on your affordability and our experienced debt advisers can explain any options open to you.

A charge to pay and a charge for payment are the final notice to you to pay and if payment is not received by the date stated on the form the creditor will start diligence.

A Statutory Moratorium in Scotland is designed to give you short term protection from your creditors (the people you owe money to).

If you are finding it difficult to repay one or more of your creditors and feel like you need breathing space to consider your options without the threat of creditor action, you can apply for a Statutory Moratorium. This effectively stops creditor action against you for 6 weeks, offering you valuable time to seek advice and think about your longer term options.

The Statutory Moratorium is not a debt solution, it doesn’t write off debt and does not stop interest and charges from building up, but it does give you time to think and will stop imminent creditor action, such as an earnings arrestment or a bankruptcy petition. Any debt recovery actions already in existence, e.g. an earnings arrestment, will remain in place.

There are no fees to pay for applying for a Statutory Moratorium and the application process is very simple.

If the Statutory Moratorium application is successful, your creditor(s) will not be able to serve a charge for payment during the six-week period or enforce any court orders. You are allowed to apply for a moratorium once in any 12-month period so if you’ve already applied during the last year, you won’t be eligible.

Trust Deed Scotland^® have more five star reviews on TrustPilot than all other Trust Deed providers combined but there are other reasons why you can trust us to give you the best possible advice for you, based on your lifestyle, needs and affordability.

As an employee-owned company, we feel that this allows us to provide outstanding service throughout our customers’ journies with us as we all care about the outcome of our customers which is of upmost importance to our staff.

Other reasons include:

☑️ 98.6% of our proposed Trust Deeds gain protection status making us No.1 in Scotland¹

☑️ 98.1% of our customers rated our service as Excellent on TrustPilot²

☑️ 99.8% of our proposed Debt Payment Programmes (DPPs) under the Debt Arrangement Scheme are approved by creditors³

To find out more about how we can help write off up to 70% of your unaffordable debt⁴, try our Wizard tool, or give us a call on 0141 221 0999.

May not be suitable in all circumstances. Fees apply. Your credit rating may be affected.Free debt counselling, debt adjusting and providing of credit information services is available to customers by contacting MoneyHelper.

¹In 2023, we achieved a protection rate of 98.6%, this made us the best performing volume provider of Protected Trust Deeds in Scotland. Trust Deeds advertised between 01/01/23 and 31/12/23.

²Reviews collected between October 2012 and March 2024, a total number of 9,318 reviews were received, 9,138 people rated us as ‘excellent’. A further 162 people rated our service as ‘great’.

³In this sample of 2,839 Debt Payment Programmes (DPPs) under the Debt Arrangement Scheme (DAS), approved between January 2021 and December 2023, only 7 proposed DPP were rejected and unable to proceed.

⁴The expected debt write-off figure of up to 70% is based on 1,671 Protected Trust Deeds currently administered by Trust Deed Scotland® and protected between 1 January 2023 and 31 December 2023. The expected write-off percentage includes the costs of administering each Protected Trust Deed (PTD). More information relating to the costs of administration can be found by clicking here. In this sample of PTDs, the expected write-off figure reaches as high as 84%. 226 PTDs or 13.5% of the cases have an expected debt write-off percentage between 70% and 84%. The average (mean) expected write-off is 51%.

The telephone number 0141 456 0430 belongs to Trust Deed Scotland^® and it is regarding an enquiry you made on the ScottishTrustDeed.co.uk website. You can also send a WhatsApp message to ScottishTrustDeed.co.uk

If you wish to request a call back at a time that suits you better, you can contact Trust Deed Scotland^® to book your call back whenever you would prefer a call. We’re open between 9am and 8pm Monday to Thursday and 9am to 5pm on Fridays. Alternatively, you can book a call back by sending a text message to 07418342619.

You can find out more about the services we offer by downloading our free Scottish debt help guide. You can also check out our latest Scottish debt advice reviews written by over 10,000 customers.

If you have changed your mind and no longer require our help, we’re happy to remove you from our system. You can do this by email or by text message to 07418342619.

Registered address: First Floor, The Reel House, 7 West Regent Street, Glasgow, G2 1RW

Company Registered in Scotland: SC538101. DPA registration No: ZA212015. Trust Deed Scotland® is a registered trademark and is a trading name of Harper McDermott Ltd, Thomas Fox is authorised to act as an Insolvency Practitioner by the Insolvency Practitioners Association. (IP No. 16030)

Terms & Conditions and Privacy Policy. Also see: 0141 456 6825 | 0141 456 8588 | 0141 456 6094

The telephone number 0141 456 6094 belongs to Trust Deed Scotland^® and it is regarding an enquiry you made on the website.

If you wish to request a call back at a time that suits you better, you can contact Trust Deed Scotland^® to book your call back whenever you would prefer a call. We’re open between 9am and 8pm Monday to Thursday and 9am to 5pm on Fridays. Alternatively, you can book a call back by sending a text message to 07418342619.

If you prefer, you can speak to us using either our WhatsApp Debt Advice or LiveChat Debt Advice services.

You can find out more about the services we offer by downloading our free Scottish debt help guide. You can also check out our latest Scottish debt advice reviews written by over 10,000 customers.

If you have changed your mind and no longer require our help, we’re happy to remove you from our system. You can do this by email or by text message to 07418342619.

Registered address: First Floor, The Reel House, 7 West Regent Street, Glasgow, G2 1RW

Company Registered in Scotland: SC538101. DPA registration No: ZA212015. Trust Deed Scotland® is a registered trademark and is a trading name of Harper McDermott Ltd, Thomas Fox is authorised to act as an Insolvency Practitioner by the Insolvency Practitioners Association. (IP No. 16030)

Terms & Conditions and Privacy Policy. Also see: 0141 456 6825 | 0141 456 8588 | 0141 456 0430

The telephone number 0141 456 6825 belongs to Trust Deed Scotland^® and it is regarding an enquiry you made on the website.

If you wish to request a call back at a time that suits you better, you can contact Trust Deed Scotland^® to book your call back whenever you would prefer a call. We’re open between 9am and 8pm Monday to Thursday and 9am to 5pm on Fridays. Alternatively, you can book a call back by sending a text message to 07418342619.

If you prefer, you can speak to us using either our WhatsApp Debt Advice or LiveChat Debt Advice services.

You can find out more about the services we offer by downloading our free Scottish debt help guide. You can also check out our latest Scottish debt advice reviews written by over 10,000 customers.

If you have changed your mind and no longer require our help, we’re happy to remove you from our system. You can do this by email or by text message to 07418342619.

Registered address: First Floor, The Reel House, 7 West Regent Street, Glasgow, G2 1RW

Company Registered in Scotland: SC538101. DPA registration No: ZA212015. Trust Deed Scotland® is a registered trademark and is a trading name of Harper McDermott Ltd, Thomas Fox is authorised to act as an Insolvency Practitioner by the Insolvency Practitioners Association. (IP No. 16030)

Terms & Conditions and Privacy Policy. Also see: 0141 456 6094 | 0141 456 8588 | 0141 456 0430

The telephone number 0141 456 8588 belongs to Trust Deed Scotland^® and it is regarding an enquiry you made on the website.

If you wish to request a call back at a time that suits you better, you can contact Trust Deed Scotland^® to book your call back whenever you would prefer a call. We’re open between 9am and 8pm Monday to Thursday and 9am to 5pm on Fridays. Alternatively, you can book a call back by sending a text message to 07418342619.

If you prefer, you can speak to us using either our WhatsApp Debt Advice or LiveChat Debt Advice services.

You can find out more about the services we offer by downloading our free Scottish debt help guide. You can also check out our latest Scottish debt advice reviews written by over 10,000 customers.

If you have changed your mind and no longer require our help, we’re happy to remove you from our system. You can do this by email or by text message to 07418342619.

Registered address: First Floor, The Reel House, 7 West Regent Street, Glasgow, G2 1RW

Company Registered in Scotland: SC538101. DPA registration No: ZA212015. Trust Deed Scotland® is a registered trademark and is a trading name of Harper McDermott Ltd, Thomas Fox is authorised to act as an Insolvency Practitioner by the Insolvency Practitioners Association. (IP No. 16030)

Terms & Conditions and Privacy Policy. Also see: 0141 456 6825 | 0141 456 6094 | 0141 456 0430

Our in-house debt advice team specialise in giving tailored advice to Scottish residents. Our advisers can find out more about your situation and help you find a solution to resolve your debt problem and lift a wage arrestment, where possible.

If you’re worried about debts, have received a decision or decree, or had court action taken against you we’d recommend getting advice from us. The types of solutions we can advise you on vary, depending on your situation. We can offer regulated, formal debt solutions such as Protected Trust Deeds, or the Debt Arrangement Scheme (DAS) for example, or if you think you just need more time to think, a Statutory Moratorium can give you breathing space while you consider your options.

For Earnings Arrestment help and advice, you can also get free and impartial help with money, set up by the government: MoneyHelper, an independent service set up to help people manage their money.

The Debt Respite Scheme, also referred to as Breathing Space, is a government scheme that helps to relieve some of the pressure and stress caused by being in debt for residents of England and Wales. In Scotland, we have an alternative, similar short term debt relief equivalent known as a Statutory Moratorium.

It is important to note that neither the Debt Respite Scheme nor a Statutory Moratorium is intended as a long term, formal debt solution. Similarly, neither can be considered to be a payment holiday.

There is also an additional Mental Health Crisis Breathing Space (MHCBS) debt respite scheme. The MHCBS is available to residents of England and Wales with at least one qualifying debt to a creditor and if they’re receiving mental health crisis treatment. This means that the individual is either:

• Detained under the Mental Health Act (this is also known as being sectioned)
• Removed to a place of safety under the Mental Health Act
• Receiving crisis care in hospital or the community from a specialist mental health team such as the crisis team or the home treatment team

Mental Health Breathing Space lasts as long as the individuals’ mental health crisis, plus 30 days and currently, there is no equivalent contingency included with Scotland’s Statutory Moratorium equivalent.

98.6% of our proposed Trust Deeds became Protected in 2023.

Trust Deed Scotland^® is the best performing volume of Protected Deeds in Scotland¹. The protection rate varies from company to company and when trying to find a Trust Deed company there are other factors you should consider including the number of independent reviews they have.

Also worth noting that 99.8% of our proposed Debt Payment Programmes (DPPs) under the Debt Arrangement Scheme are approved by creditors².

¹In 2023, we achieved a protection rate of 98.6%, this made us the best performing volume provider of Protected Trust Deeds in Scotland. Trust Deeds advertised between 01/01/23 and 31/12/23.²In this sample of 2,839 Debt Payment Programmes (DPPs) under the Debt Arrangement Scheme (DAS), approved between January 2021 and December 2023, only 7 proposed DPP were rejected and unable to proceed.