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.
Trust Deed Scotland
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Get out of debt
…and look forward to a brighter future. Trust Deed Scotland® have helped over 30,000 Scottish residents to set up formal debt solutions to write off up to 70% of debt they can’t afford to repay* and freeze all interest & charges.
Find out if you qualify
How it works
We can reduce your unsecured debts down to just one affordable monthly payment. During this time, your creditor contact will be significantly reduced. On completion of your plan, all debts included in your plan will be written off.
Personal Loan
£11,000
Credit Cards
£6,000
Store Cards
£1,600
Council Tax Arrears
£1,200
Total Debt £19,800
Old
£636
New
£191
Payment
reduced by
70%
* Subject to creditor acceptance * Payment subject to individual circumstances * Credit rating may be affected
Types of debt that can be included
You’re in safe hands
*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 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%.
This UK Savings Week, there will be a lot of discussion over the importance of saving. For people who are unable to put a large amount to the side, some savings accounts can be opened with as little as £1. Then, you’re able to add to it as much and as often as you can. … Continued
