Trust Deed Alternatives

If you are looking for an alternative to a Trust Deed, One Advice can offer you other solutions to your debt problem.

IVA - Trust Deed Equivalent for non-Scottish Residents.

If you think that you would qualify for a Trust Deed but you are not a Scottish resident, then you might want to consider an IVA. Like a Trust Deed, an IVA is suitable for those with high debt levels (over £15,000) and are struggling to make repayments. Any debts that you cannot afford are automatically written off as part of the agreement.  

Debt Management Plan - An Informal Creditor Arrangement

If you have unsecured debts under £15,000 and struggle to make repayments, then a Debt Management Plan could be for you. It is an informal agreement between you and your creditors and allows you much more flexibility than an IVA.

By calling One Advice, you will be able to speak to our fully trained advisors who are in the best position to help guide you through all the available financial options and advise you which one is the most appropriate for you.

Call us today on 0800 019 5870, or fill in our 1 minute Debt Wizard to see what other alternatives might be available to you. 

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.)