Trust Deed Articles

Trust Deed

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.

Trust Deed

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.

Trust Deed

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.

Trust Deed

Will my creditors agree to my trust deed?

A trust deed is a formal debt solution which enables you to make affordable monthly repayments towards your debts for a set period of time, typically four years.

Trust Deed

What happens to my Trust Deed if I’m unemployed or lose my job?

The typical term of a Trust Deed is four years, so it’s quite possible a debtor’s employment situation will change during this time.

Trust Deed

Differences between a Trust Deed and Sequestration (Bankruptcy)

If you’re a Scottish resident and have high levels of unsecured debt that just seem to be spiralling out of control, it’s time to take action and start on the road towards financial recovery.

Trust Deed

What debts can I include in a trust deed?

When it comes to debt, there are two main types which you may be dealing with: secured and unsecured.

Trust Deed

Will a Trust Deed affect my partner?

A common and understandable concern for many people considering a Trust Deed is what impact it will have on their partner.