Protected Trust Deed
If you are struggling with unmanageable debt, and live in Scotland, a trust deed could allow you to take back control. Find out how below.Do I qualify?
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How could a trust deed help you?
If it’s unlikely you could repay all your debts, a trust deed allows you to repay what you can over a fixed period (normally 4 years). Your monthly payment is based on what you can genuinely afford to pay. If you own any assets, the Cleanslate team will let you know if these are likely to be affected. Once you have successfully completed your trust deed, the remaining balance on your debts is written off.
We will contact your creditors on your behalf to make them aware you have signed a trust deed. One of the many advantages of this solution is that, once approved, you will gain legal protection from creditor action.
If you would like to understand how a trust deed could work for you, our friendly advisers are here to help. When you contact us, we will take you through a simple budget to gain a full picture of your financial situation. We will then work with you to agree how much you can realistically afford to pay towards your debts and advise on the best route forward.
Frequently asked questions
Other debt solutions
Problem debt is common. We try to make it less of a problem every day. Find out how below.
Debt Arrangement Scheme
When debts become difficult to handle, the Debt Arrangement Scheme gives you the breathing space to repay your debts in full with one monthly affordable payment and interest frozen.
Often people think of the word “bankruptcy” as too serious to contemplate. However, for those that need it, bankruptcy can offer a way to get back on track and start again.
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Meet our team
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