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. After this time is up, so long as you have kept up with the agreed monthly payments, any outstanding debts which were included in the trust deed will be written off. In order to qualify for a trust deed you must owe over £5,000 and not be in a position to clear your debts in full within four years. It is also worth noting that trust deeds are only available in Scotland.
Once you enter into a trust deed with Scotland Debt Solutions, we will ensure the phone calls and letters from those you owe money to stop immediately. We will take responsibility for liaising with your creditors and letting them you that you have entered into a trust deed, and that all further communication must go through us.