A Scottish Trust Deed is a statutory debt solution in Scotland that reduces unsecured debt repayments down to one single monthly payment and writes off a significant part of your unaffordable debts.
The length of a Scottish Trust Deed can vary based on the debt level involved, the affordability of the individual, and other factors including assets, however, the typical length of Trust Deeds in Scotland is 48 months.
A Protected Trust Deed acts as a formal, legally binding agreement between an individual and their creditors.
If you’d like to learn more about whether a Scottish Trust Deed is right for you, or if the Debt Arrangement Scheme suits your lifestyle, needs and affordability better, we recommend that you call us on 0141 221 0999 or complete our online Trust Deed Wizard form to receive tailored debt advice.