Apply for a Trust Deed - Guidance and Help on Applying

If you would like to apply for a trust deed, you can do so with the help of Trust Deed Scotland.

The Glasgow based ethical Debt Advice Company have helped thousands of Scottish residents by providing advice, guidance and support to those in need of help applying for trust deeds.

Only an insolvency practitioner can administer this form of debt remedy which uses government legislation and therefore, there is no facility to setup one up by yourself, which is the case with debt management plans, a widely publicised method of repaying debt which is more common south of the border.

Arguably, the four most important 'selling points' of using this repayment tool are as follows:

• Become debt free in typically 36 months.
• Write off to 90% of your original unsecured debts, excluding IP fees.
• Pay back what YOU can afford to repay.
• Legally freeze creditor interest and charges.

These are of course the advantages of entering a PTD but there are some areas of contention that need to be considered, depending on your own individual circumstances.

In some cases, you may qualify for other options such as a Certificate for Sequestration or a Debt Arrangement Scheme, often referred to as a DAS.

Consider also that choosing any financial remedial action that utilises government legislation or not will likely have a lasting impact on your credit history. This should not deter you from taking steps to correct your finances as you can with careful credit rebuilding, address the balance in your favour.

The first step to resolving personal insolvency is always the most difficult and it is crucial that you speak with an experienced adviser and discuss your situation.

If you are a resident of Scotland and you would like help applying for a PTD, fill out the enquiry form and we will analyse your situation. All advice offered by us is free of charge, confidential and without obligation.