Benefits of a Scottish Protected Trust Deed

How a Scottish Protected Trust Deed could help you like many others

Write off up to 81%* of your debt

Write off debt you cannot afford using a Protected Trust Deed in Scotland

Stop legal action

Stop legal action from your creditors with a Protected Trust Deed such as court action, decrees, earning arrestments or bank arrestments to recover debt.

Consolidate your debts

A Protected Trust Deed can include all unsecured debts, including rent arrears, council tax arrears, debts from HMRC/ DWP and much more

Stop contact from creditors

A Protected Trust Deed will involve an insolvency practitioner, who will deal with your creditor correspondence, reducing phonecalls, texts, letters and visits from creditors

Be debt free in 4 years

Sometimes a Protected Trust Deed can be longer than four years but this would be explained at the start but the majority of Protected Trust Deeds only last four years.

Stop Earnings or Bank Account Arrestments

Prevent or stop any arrestments on your earnings or bank accounts from debts

What is a Protected Trust Deed (PTD) in Scotland?

A Protected Trust Deed can have various benefits, hence why it is the most popular debt solution in Scotland. Benefits include;

  • Free interest and charges from your creditors
  • Write off debt you cannot afford
  • Stop contact from your creditors
  • Stop legal action from your creditors
  • Stop or prevent earnings and bank arrestments
  • One affordable monthly payment
  • Payment breaks should your income change
  • Can include rent arrears, council tax arrears, HMRC & DWP debts
  • Be debt free in just four years
  • Keep your home & car

Beware though a Protected Trust Deed is not for everyone and it is important to get debt advice from a regulated debt advisor to give you specific debt advice as a Protected Trust Deed could – effect your credit file for up to six years, stop you gaining credit over £500 whilst in the plan, it can restrict your expenditure and possibly effect your tenancy situation or employment.

As part of our service, our trusted provider will take a look at your financial situation, explain the available options, and advise which debt solution could be suitable for you.

If you decide you want to set up a debt solution our trusted provider will do this for you. If you then want to use their services, we get a fee for introducing you and fees are payable if ongoing services are provided. Entering into a debt solution will have an impact on your credit rating for at least six years.

To find out more about managing your money and getting free debt advice visit, Money Helper, an independent service set up by the Government to help people manage their money.

We launched Scottish Trust Deed, to give residents of Scotland a way to find a regulated debt advisor to let you know your rights when in debt, help you with a solution if eligible and as a marketing site.

Check if you qualify with our free debt assessment form, simple questions about your situation, nothing intrusive but to help you get specific advice in return.

Speak in total confidence to the advisor you are referred too, they are not there to judge you but to help you and in moments they will make you aware of the help available.

Your advisor will handle things very quickly and take care of the tricky work, including contacting the people you owe money, they can also find out who you owe what to and amounts, etc … It’s time to relax and enjoy life without debt.

Scottish Trust Deed - Frequently Asked Questions

Scottish Trust Deed - Disadvantages

Please be aware than a Scottish Protected Trust Deed is not for everyone and that is why we refer you to a FCA regulated debt advisor to ensure the plan is right for you and you are fully informed of all solutions available to you.
Future Credit

Future Credit

Credit File Effects

Choosing a Protected Trust Deed will go on your credit file for up to six years which could effect your ability to get credit during this period

Credit in a PTD

Credit in a PTD

Gaining credit whilst in a Protected Trust Deed

When in a Protected Trust Deed the rules state you must only apply for credit up to £500 for the duration of the plan

Windfalls

Windfalls

You could pay more than originally agreed

Whilst in a Protected Trust Deed any windfalls or inheritance you receive could be taken into your plan to repay more back to your creditors

Scottish Trust Deed

News & Information

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Only available in Scotland