Debt Management Scotland

If you live in Scotland, have 2 or more credit agreements and owe more than £10,000 in unsecured debt, it is likely that a Trust Deed could be the most suitable answer to your debt management problem.

Advantages of a Scottish Trust Deed

• Potential to reduce payments by up to 70% or more
  

• Lenders cannot take legal action
  

• No upfront fee payable by yourself

• All outstanding credit will be fully paid off after 36 months

• Interest on all accounts will be frozen
  

• A legal agreement under The Bankruptcy (Scotland) Act 1985

• Handled by a licensed Insolvency Practitioner

• An agreement with the creditors to accept the proposal
  

• The proposal is for the lenders to accept a lower amount than the amount outstanding based on what you can afford over 36 months
  

• Payment calculated on disposable income before unsecured debt payments
  

• Lump sum payments can be made

•  Licensed Insolvency Practitioner manage payments on behalf of yourself