Protected Trust Deed
A Protected Trust Deed (PTD) is a legally governed procedure for individuals resident of Scotland who have serious debt problems and struggle to repay their credit commitments. It is the equivalent of an IVA.
A Trust Deed will allow the debtor to repay their debts over a fixed term, usually 36 months. The amount which will be paid back is dependant on the individual case, but any remaining debt at the end of the Trust Deed period is written off.
Trust Deeds offer:
- One low monthly payment.
- Unaffordable debt to be written off
- Typical fixed payment period of 36 months
- No more interest or charges added.
- Peace of mind from creditors.
Is a Trust Deed Right for me?
To find out whether a Trust Deed is the right option to your debt free future, call our expert advisors on 0808 131 9100. Alternatively fill in our online Debt Wizard form.
Please Note: Trust Deeds are only available to residents in Scotland. The remainder of the UK is serviced by IVAs.
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.)