How Do I Apply For A Trust Deed?
Like an IVA, there is a certain criteria that you must fit to be eligible for a Trust Deed. The only way to see if you are suitable is to seek expert advice. Our One Advice Trust Deed Advisors are on hand to offer you free help and information.
Trust Deed Criteria
- It must relate to one applicants debt. So if you are married and are both struggling, you will each need a trust deed.
- Have debts over £10,000.
- You are employed.
- You have been a Scottish resident for at least 6 months.
How Do I Apply for a Trust Deed with One Advice?
The best way to apply for a Trust Deed is to get in touch with us as soon as possible. Our advisors can confirm if you are suitable for a Trust Deed and also advise on any alternatives. Contact One Advice on 0800 019 5870.
Alternatively, take the One Advice 1 Minute Debt Test, this will show you your debt solutions options based on a few simple questions.
Entering into an IVA may adversely affect your credit rating for up to six years from the date of approval.
Your property will be protected within an
IVA but you may be required to release all or part of any equity during the period of the arrangement.
Failure to complete the term of an IVA can result in bankruptcy.
(In Scotland, a PTD is the equivalent to an IVA.)