Trust Deeds

A Trust Deed or a Protected Trust Deed (PTD) is only suitable for residents of Scotland. Scottish law is different to that in England, Wales and Northern Ireland, and a Trust Deed is the equivalent of an IVA.

Trust Deeds are most suitable for those who have serious debt problems and are unable to meet their credit commitments. Once you get in touch with IVAs.co.uk, we will perform a factfind to work our how many creditors you have, how much debt you owe and how much you can afford to pay to your debt on a monthly basis.

Benefits of a Trust Deed

A Trust Deed is a legally binding contract between you and your creditors. Although this might sound daunting at first, it provides you with some real benefits, such as:

• All unaffordable debt is written off at the end of the Trust Deed period.
• Fixed payment term of 36 months.
• One low monthly payment.
• No more interest or charges added to your debt.
• No more worry about calls or letters from creditors.
• Unaffordable debt is written off at the end of your Trust Deed term.
• It costs less than sequestration, which is the Scottish equivalent of bankruptcy.

For more information about how to apply for a Trust Deed and how it can be the start of your debt free future, call our expert advisors on 0800 048 1768.

Note: Trust Deeds are only available to residents in Scotland, and the UK equivalent is an IVA.