Advantages of a Protected Trust Deed.

  • Lower monthly repayments
  • Protected against further action from lenders
  • Frozen interest and charges
  • No more creditor communication (this will be handled for you)

Disadvantages of a Protected Trust Deed.

  • PTDs are listed on the public insolvency register
  • Your credit file may be affected for up to 6 years
  • Homeowners may need to release equity from their homes
  • Failure to pay the Trust Deed could result in further action being taken like Bankruptcy
How does a Trust Deed work?
Step 1
We prepare your case for an Insolvency practitioner
Step 2
The insolvency practitioner will prepare & present your case to creditors
Step 3
Unsecured debt repayments will be replaced with one affordable monthly payment (if you gain approval from at least 50% of lenders)
Example Trust Deed
* This is an example illustration of a typical Trust Deed. We assess each customer individually based on their circumstances and payments are based on what is affordable.

Illustrative example based on a typical client, who has no equity in their home, owing £16,300 of unsecured debt on a four-year Trust Deed. Fees include VAT where applicable.

Here is an example of a typical Trust Deed:
Credit Card £7,500
Credit Card £3,800
Loan £3,200
Store Card £1,800

Outstanding Debt


Total Debt Before Trust Deed


Total Repayable During Trust Deed

Monthly Repayments


Repayments Before Trust Deed


Repayments Before Trust Deed

Is a Trust Deed right for me?

You may qualify for a trust feed if you meet the following criteria:

  • You are based in Scotland.
  • You have unsecured debts that total more than £6,000
  • You can’t afford to repay within a reasonable period
  • You can still afford to make regular monthly payments towards your debts

There are some things to consider before entering into an Trust Deed

  • Details of your Trust Deed will be added to the Register of Insolvencies
  • Your Credit rating will be affected due to you not making contractual payments to your creditors.
  • Debts not included in the Trust Deed will remain outstanding
  • Creditors do have guidelines for allowances which can restrict your expenditure.
  • Creditors do not need to approve the Trust Deed, some creditors may reject it.
  • If the Trust Deed fails, you could face sequestration and interest that was suspended could be added to your debt

A Trust Deed could make your debts affordable again, and write off the unsecured debt you can’t afford after three years. You’ll also be protected against further action from your lenders.