Write off up to 80% of your debt

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Write off up to 80% of your debt with a Trust Deed

Over 60,000 people in Scotland have become debt free with a Trust Deed

92%

of our customers are happy with the debt help and advice they received.

Write off up to 80% of your debt with a Trust Deed

Over 60,000 people in Scotland have become debt free with a Trust Deed

We could help you...

Reduce your monthly payments.

We'll ensure your monthly unsecured repayments are affordable

We'll deal with your lenders.

We'll handle all forms of contact with your lenders, so you know everything is dealt with properly

Start to become debt free.

We'll talk you through every option and help you become debt free

For more help and advice, visit the Money Advice Service, an independent service set up to help people manage their money. Or find out more about the different options for paying off your debt here. Trust deeds are only available in Scotland.

How we helped John reduce his debts with a Trust Deed

Term 4 years


Unsecured debt £19,033


Old monthly repayments £253


New monthly repayments £155
Monthly reduction of 41%

These figures are based on the averages across all Trust Deeds arranged for customers in 2017. We assess each customer individually based on their circumstances and payments to the Trust Deed are based on what is realistic and affordable. Fees Payable.

Get back on track with a Trust Deed

We are here to help you with your problem debts. Trust Deeds are a debt solution for Scottish residents that allow you to write off up to 80% of your debt. Our friendly advisors will let you know if you qualify.

If accepted you will start to make monthly payments you can afford. Typically, after four years, any debt you haven’t repaid is written off. Along the way you’ll receive exceptional support from our highly trained staff.

See if you are eligible
How we helped John reduce his debts with a Trust Deed

Term 4 years


Unsecured debt £19,033


Old monthly repayments £253


New monthly repayments £155
Monthly reduction of 41%

These figures are based on the averages across all Trust Deeds arranged for customers in 2017. We assess each customer individually based on their circumstances and payments to the Trust Deed are based on what is realistic and affordable. Fees Payable.

How a Trust Deed works

If you're looking to take control of your unmanagable debts and you live in Scotland, a trust deed could be right for you.

Step 1
Step 2
Step 3

How a Trust Deed works

If you're looking to take control of your unmanagable debts and you live in Scotland, a trust deed could be right for you.

Step 01

Once accepted you’ll start to make affordable monthly payments

Step 02

The payments are then distributed to your lenders

Step 03

On completion, all debt included is written off.

Take control of your finances today

See if you are eligible

Here are some ways a Trust Deed could help

Legally your lenders cannot contact you or pursue you for legal action

Make affordable monthly payments based on your income and expenditure

Upon completion debts included in the Trust Deed are written off

A Trust Deed usually lasts for four years

Your interest and charges are frozen

Including all your unsecured debts: credit cards, personal loans, payday loans & CCJs

Things to consider

  • Your lenders are not obliged to accept the Trust Deed


  • Only debts included in the Trust Deed will be written off, anything not included will remain outstanding


  • Homeowners may be required to release equity to pay towards their debt, re-mortgaging may attract a higher interest rate. If no re-mortgage is available the Trust Deed may be extended


  • There will be a restriction on expenditure whilst on the Trust Deed


  • Your credit rating is affected for six years


  • If the Trust Deed fails it could lead to bankruptcy


  • You will be placed on the public insolvency register

Take control of your finances today

See if you are eligible

Find out if a Trust Deed is right for you

See if you are eligible

Things you might like to know...

How does a Trust Deed work?
Our experienced advisors will look at your financial situation with you and work out, based on your monthly income, what you can realistically afford to pay towards a Trust Deed

We'll then prepare a Trust Deed proposal for your lenders. This will include:

  • Details of your finances
  • The terms of the proposed Trust Deed
Your Trust Deed will become protected as long as less than half in number or a third in value of your lenders object. We will let you know if there any areas of concern which might lead a lender to object.

Once accepted, the Trust Deed will be binding on your lenders and you'll start making your monthly payments for the agreed term. After your last payment, any outstanding debt, including interest and charges, will be written off. If your Trust Deed fails you are at the risk of bankruptcy.
Will a Trust Deed affect my job?
For the vast majority of people, your job shouldn't be affected.

However, some employers do have rules against employing people in certain roles, who are, or have been on a Trust Deed.

The jobs affected tend to be:
  • If you're responsible for money, e.g. an accountant.
  • If you advise people about their money, e.g. a mortgage advisor.
If your job is likely to be affected, our advisors will discuss this with you.
Will lenders stop chasing me?
Yes, if your Trust Deed is accepted, your lenders have to stop contacting you and chasing you for payments.

You'll be protected from any legal action from your lenders too.
Will people know i'm on a Trust Deed?
Your Trust Deed is a private agreement between you and you lenders. You don't have to tell anyone you're on it if you don't want to.

Your name will be listed on the publicly available Register of Insolvencies until one year after your Trust Deed has been discharged. To find your details on the register, someone would have to search for them.
What debts can I include?
You can use a Trust Deed to pay off any of your unsecured debts.

These include:
  • Personal loans
  • Overdrafts
  • Credit and store cards
  • Catalogue debt
  • Council Tax arrears
  • Benefit arrears
Will my home be affected?
You may be asked to release equity in it by re-mortgaging in the last year. If you can't, the Trust Deed would be extended (but only up to the value of your equity).

If you rent, your new monthly payment will leave enough money to cover your rent.

Dedicated to helping you

We're proud to be part of Wilson Andrews, one of Scotland's largest Trust Deed specialists.

6500+

Customers have had a Trust Deed

100%

Of your unpaid debts included in the Trust Deed are written off on completion

£395

The average reduction in monthly payments achieved for our customers

Find out if a Trust Deed is right for you

See if you are eligible
Take control of your finances today See if you are eligible