Do I Qualify for a Trust Deed?

A Trust Deed is a long term financial commitment and, on completion of your Trust Deed, any debt that you cannot afford will be automatically written off.

This legislation is only available to Scottish Residents, and the rest of the UK are serviced by IVAs.

Basic Trust Deed Criteria

You are insolvent.
This means that you, the debtor, does not have enough disposable income to pay your unsecured repayments after all living expenses have been deducted from your monthly income.

You have debts over £10k.
If you have high levels of unsecured debt then you should qualify for a Trust Deed. It is important to get an up-to-date balance from all your creditors, as you may owe much more than you think!

You are employed.
Your Trust Deed will require you to make some form of repayment to your creditors. Therefore it is important that you have a stable income, which means you need to be employed. 

If you're still not sure take our one-minute debt test to see a summary of the options available to you.