Trust Deeds – Scotland Only

If you are living in Scotland and you are struggling with repayments on loans, credit cards or other debts then Delta Debt Management may be able to help with a Trust Deed.

We could consolidate all of your debt into one affordable monthly payment. We could WRITE OFF a large part of your debt, if you would like to learn more and find out if you qualify for a Trust Deed or any other for of debt management, please fill in the form on this page, or call us on 0800 988 8199 now.

Benefits of a Trust Deed

Trust deeds can:

Write off any debt you can’t afford to pay back
Give you one affordable monthly payment
Allow you to be free from unsecured debt, normally in three years
Help you to stop worrying about legal action by your creditors
Avoid bankruptcy / sequestration

What is a Trust Deed?

A Trust Deed is a specific kind of debt help that is only available to residents of Scotland, like an IVA a Trust Deed is a legally binding agreement between you and your creditors. A Trust Deed can only be set up by a licensed Insolvency Practitioner (IP).

In most cases your creditors will agree to freeze interest charges and to write off whatever unsecured debts you still owe at the end of the term. Once the Trust Deed is in place you will be legally protected against any action by your creditors and therefore avoid bankruptcy or further legal action as long as you maintain regular payments for a fixed period of time (usually three years).

Is a Trust Deed right for me?

If you’re a resident of Scotland and struggling with unsecured debts of £10,000 or more, a Trust Deed could be the perfect solution for you. You’ll know exactly how much you will have to pay each month and also when your debts will be fully paid off. However, other debt help may be more beneficial (such as a debt management plan). For impartial debt help and debt advice it’s worth speaking with one of our experts. Call FREE on 0800 037 0053 for free debt help now.

How do I apply for a Trust Deed?

Call our freephone number or fill in the call-back form on this page. Our Trust Deed experts will help you decide whether specific debt help, such as a Trust Deed, is right for you. If it is we’ll take care of all the paperwork, helping you along the path to a debt-free future.

Complete the form on the right and one of our experts will provide FREE debt advice. To talk to an adviser, for immediate debt help, call FREE on 0800 988 8199.

Fees & Information

We cannot guarantee a reduction in interest or charges. If an IVA is not maintained it could lead to bankruptcy. Whilst initial debt advice is free, fees will be charged if a solution is taken out.

Fees related to Debt Management Plans are in two parts;

"Initial Fee" means your first two "Monthly Payments", which is paid by You to "Us". This represents our fee for establishing your arrangement, and therefore is not distributed to your creditors, and can be paid in two separate instalments. Retention of this fee will put you into further arrears.

"Monthly Fee" means the Fee payable for our Services each month. This is an amount equal to 17.5% of your "Monthly Payment" (apart from your first two "Monthly Payments" which is the "Initial Fee"), subject to a minimum payment of £30 for disposable incomes of 0 - £100, and £35 for disposable incomes of £100.01 - £200.

Fees incurred for Individual Voluntary Arrangements are variable dependent upon the monthly contribution to the arrangement and the agreement that is reached with your creditors. Fees are made up of Nominees fees relating to assistance given to prepare your proposal and Supervisor fees which relate to the ongoing monitoring of your IVA. Fees are already included as part of your monthly contribution. The level of fees and the method of payment are both agreed by your creditors at the outset of the arrangement.

A record of your agreement with us will be held on your credit file for up to six years, and your ability to obtain credit in future may be affected.

You are provided a cooling off period of fourteen days from the date the agreement was deemed to commence, during which you may cancel our agreement. Should you give notice to us that you would like a refund of a payment, or payments, (being other than the initial fee) then where no distributions have, at that time, been made by us, or are in the process or course of being made by us, in respect of that payment or payments this will be made in full (i.e. without deduction of our fee of 17.5%).

DEMSA/OFT Approval