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 professional 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 048 1752.
Alternatively, take the One Advice 1 Minute Debt Test, this will show you your debt solutions options based on a few simple questions.
Unsecured debts and Scotland residents only. A PTD should only be considered in extreme circumstances as failure to adhere could result in Sequestration (The Scottish legal term for Bankruptcy). Debt write off applies only where the PTD is agreed by your creditors and you have completed the, typically, 36 month term. Once your PTD commences, your monthly contribution is fixed and that is all you have to pay. There are no additional fees on top. The fees, paid by your creditors, are taken out of your monthly contributions to your PTD and will be notified to you in advance. Some homeowners may be required to remortgage. Terms & Conditions Apply.