Protected Trust Deed Experts
Current Forum Topics
Forum Post
Ali j
TDA (Debt Adviser)

Latest 10 Forum Posts
Forum Post
TDA (Debt Adviser)
TDA (Debt Adviser)
David Tannock
David Tannock
David Tannock
David Tannock

Have I got a debt problem? 23rd September 2015
Possible Introduction of Personality Tests for Credit Applicants 3rd September 2015
Repossession of Homes 18th August 2015
The Situation with Overtime, Bonus and Commission Payments May Have Changed 5th August 2015
Guarantor Loans Under The Microscope 22nd July 2015
Preventing Legal Action For Debts In Scotland 22nd July 2015
Dangers of 0% Credit Card Balance Transfers 20th July 2015
HMRC Will Get Bank Account Raiding Powers 15th July 2015
Debt Management in Scotland – FCA Warnings 29th June 2015
Can a Trust Deed Be Re-Opened To Capture PPI Claims? 26th June 2015
General Election Party Manifestos and Personal Debt 23rd April 2015
Fewest Protected Trust Deeds Since 2001 22nd April 2015
Searching the Register of Insolvencies 14th April 2015


Best time to call

CAPTCHA Image Reload Image

Enter above code here:

Trust Deed Advice and Assistance

Residents of Scotland who are struggling to repay their debts may have the option of entering into a protected trust deed with their creditors. This formal debt measure is an agreement between you and those that you owe money to (known as your creditors). It’s a popular alternative to bankruptcy (sequestration) for those living in Scotland.

We offer you expert debt advice on this effective type of solution via our featured experts, our online forum, and our in-house team of qualified debt advisers. Each of these resources can help you to tackle your debts effectively.

Protected Trust Deed - How Can It Help You?

You’ll agree to pay an affordable amount of money each month for a defined period (which is usually four years). Once you’ve completed your obligations to your Scottish protected trust deed and have been discharged, all of the creditors included in your debt arrangement must write-off your outstanding debt balances.  

Once your proposals have been agreed by your creditors, you will be legally protected from them. Interest on the debts will be frozen in most instances. Once this legally binding debt arrangement has run its course, creditors can no longer pursue you with debt collection measures instigated via the courts. You can move on with your life.

People therefore choose such debt solutions to take control over mounting debts that are no longer affordable. It becomes a platform to clear them for good. Stresses and worries may subside once a workable debt solution has been put in place.   

Is this Option Right for You?

It might be the right option for you, but there are risks associated with entering into protected trust deeds in Scotland. These can include releasing equity from your home to help pay off debts, or incurring a poor credit rating for a number of years after the term has ended. For reasons such as these, it is important that you seek professional debt advice before entering into any formal agreement.

Many of the companies claiming to offer you “impartial advice” really aren’t doing any such thing. Ensure that you seek debt help from people who have both professional qualifications and experience in this field. Take enough time to make yourself aware of all the potential implications that will be applicable to you and to your family.

This website exists to help with that process – we bring insolvency experts and people in debt together so they can talk openly about finding effective solutions for debt problems.

Our Forum Provides Up-To-Date, Expert Advice

On this website you’ll find our popular protected trust deed forum. If you have a question regarding any debt scenario or debt solution, then please join our forums and communicate directly with the debt experts who answer your questions there.

A number of experienced industry insiders take part in daily discussions, offering expert advice to forum participants. Reading the advice provided by our qualified and experienced debt professionals is an excellent method of finding out everything you need to know regarding this type of personal financial difficulty. You can also call our debt advice line on 0141 249 0416, or get in touch with us using one of the contact forms on this site.

Key Facts

If you proceed with this form of debt resolution, certain debt arrangement schemes, sequestration, or certain debt management plans, fees will apply. For further details about these fees (and the work that is conducted) click here. Your ability to obtain further credit will be affected by most debt solutions; for further details click here. Other sources of debt advice exist; click here for further details. You may wish to read the “ Debtor’s Guide” (published by the Accountant in Bankruptcy) which contains impartial information about debt. You may also wish to read the Money Advice Service’s guide to free debt help here. Calls to our 0800 telephone number from mobile phones and some networks may be charged (we will call you back if you ask us to). Warning: If your protected trust deed fails you will remain liable for the balance of your debt and the insolvency practitioner fees and costs incurred (if they chose to seek payment from you). In certain circumstances, failure of the plan might result in your sequestration (bankruptcy) or a refusal to discharge you.

Wylie & Bisset Grant Thornton
Ask a question in our trust deed advice forum Registered Users Click Here Not registered Register Here
Complaints Procedure | Other Sources Of Help | Credit Rating | Forum Rules | Terms Of Use | Privacy & How We Use Cookies

(c) Channel Active Limited. Company Number: 06412452. Data Protection Registration: Z1332750.
Telephone calls may be monitored or recorded. Authorised and regulated by the Financial Conduct Authority., Clyde Offices, 2nd Floor, 48 West George Street, Glasgow, G2 1BP. Tel: 0141 2490416.