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Trust Deed

The Scottish equivalent of an IVA (but better).

  • Only available to residents of Scotland.
  • Must have more than £5,000 unsecured debt levels.
  • Must owe to a minimum of 2 creditors.
  • Must be in employment.
  • 48 monthly payments and your debt free.

For further information please complete the form below and an agent from Pareto Money will contact you.

Money Advice Service

123 Debt Solutions no longer offers debt advice. To receive the same high quality assistance with your debts and to speak with an experienced advisor please call 0151 252 0111 or click here and an agent from Pareto Money Limited will get in touch.

Pareto Money Limited is authorised and regulated by the Financial Conduct Authority (FCA) to offer debt counselling services. Their FCA licence number is 792912.

The Money Advice Service also provides free debt counselling, debt adjustment and credit information services. Visit the Money Advice Service here.

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Financial Details
Total Unsecured Debt: *
Number of Creditors: *
Monthly Income: *
Monthly Expenditure: *
Employment Status: *
Marital Status: *
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Homeowner: *
Estimated Property Value: *
Outstanding on Mortgage: *
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What are the advantages of a Trust Deed?

There are a number of advantages to a Trust Deed over things like sequestration (bankruptcy) and a debt management plan.

  • Less pressure, as all correspondence with creditors is dealt with by the Trustee
  • A sequestration can cost more to administer than a Trust Deed.
  • Information on a Trust Deed is not published, unlike a sequestration.
  • Stop interest and charges. Creditors cannot add on any interest or charges while in a Trust Deed.
  • A protected Trust Deed usually lasts for 4 years, after which any remaining debt is written off.
  • You will often be able to remain self employed, director of a company or in public office.

Trust Deed Example

Here is an example of how a Trust Deed can help you with your debt problems.

Unsecured Loan: £12,000
Credit Card: £8,000
Store Card: £4,000
Total owed: £24,000

48 monthly payments: £250

Total repayment: £12,000

Debt written off: 50%

Trust Deeds vary and what you can afford towards your debts is the main factor.

Full Example