Trust Deed Articles

Trust Deed

Can I include benefit overpayments in a trust deed?

Benefit overpayments – even if they were caused due to an error by the DWP – are debts that need to be paid back just like any other.

Trust Deed

How much does a Trust Deed cost?

A Trust Deed can be a great way to manage personal debts which have spiralled out of control. As part of a Trust Deed you will be asked to make a monthly contribution towards your debts which will cov...

Trust Deed

Pros and cons of a Trust Deed

A Trust Deed can be a viable alternative to sequestration for individuals in Scotland with unmanageable and unsecured debts of over £5,000.

Trust Deed

Will I Lose My Home If I Enter Into a Trust Deed?

If you’re having difficulty paying your debts and have assets or a regular income, you may qualify for a Trust Deed.

Trust Deed

What do the new Trust Deed 3 day cooling off period changes mean for you?

Cooling off periods are common for most goods and services, particularly those which are purchased online that you haven’t seen in person.

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Differences between a Trust Deed and Debt Arrangement Scheme (DAS)

If you’re struggling with large personal debts that are spiralling out of control, it’s crucial to recognise that there are a number of options available to you.

Trust Deed

How to improve your credit score after a Scottish Trust Deed

Scottish Trust Deeds generally last for four years, so if you’ve successfully reached the end of yours, you’ll be starting to think about rebuilding your financial status.

Trust Deed

How long does a trust deed stay on your credit file?

Entering into a Scottish trust deed is an effective way to escape unmanageable debt, and allows for a fresh financial start once the trust deed term has come to an end. As with all official debt proce...

Trust Deed

What happens when a Trust Deed ends?

Your Trust Deed has finally come to an end; you’ve made all your payments and have been formally discharged. Congratulations! You may now be wondering what happens next...

Trust Deed

What’s the difference between a protected and unprotected Trust Deed?

A protected Scottish Trust Deed is legally binding and provides certainty over repayments, whereas, under an unprotected Trust Deed, repayments can change.

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Disadvantages of a Scottish Trust Deed

One of the most common debt-help agreements is a trust deed and this in large part due to the number of advantages that the trust deed process brings.

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Is it possible to enter into a second Trust Deed?

Scottish Trust Deeds help eligible people in debt to repay as much as possible, with the remainder being written off at the end of the term – usually four years.