Trust Deeds in Scotland are only available to residents who have lived in Scotland for at least six months before they apply. Trust Deeds can allow for a large percentage of your unaffordable debts to be written off and, typically last a period of 48 months.
You would usually have at least £5,000 of unsecured debts to qualify. This would include unsecured debts such as credit card debts, bank overdrafts, and unsecured personal loans.
If you want to find out if you’d qualify for a Trust Deed or alternative solutions; use our DAS Wizard tool.
If you are based in England, Wales or Northern Ireland then debt solutions such as an IVA or a Debt Relief Order may be a more suitable alternative for you.