IVA Scotland

If you are a Scottish resident and you are looking for an IVA then you need to see our information on Trust Deeds.

A Trust Deed is the Scottish equivalent to an IVA. Like an IVA, it is legally binding between your creditors and your unaffordable debt will be written off at the end of the agreement. 

When a Trust Deed becomes 'protected' it means that creditors are unable to take further action to recover any debts owed, such as starting bankruptcy proceedings. 

Contact One Advice for information about an IVA in Scotland. 

One Advice can offer you free information about the Scottish IVA alternative, known as a Trust Deed. We can also offer advice on other alternatives, such as a debt management plan. For more information, call free on 0800 048 1752.

Unsecured debts only. An IVA should only be considered in extreme circumstances as failure to adhere could result in bankruptcy. Debt write off applies only where the IVA is agreed by your creditors and you have completed the, typically, 60 month term. Once your IVA commences, your monthly contribution is fixed and that is all you have to pay. There are no additional fees on top. Our fees, paid by your creditors, are taken out of your monthly contributions to your IVA and will be notified to you in advance. Some homeowners may be required to remortgage. Terms & Conditions Apply.


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