Trust Deeds.co.uk don't just solely provide Scottish Trust Deeds. If you arent sure a Trust Deed is the answer then we do offer alternative solutions such as:

Debt Management

Debt Consolidation Loans

Bankruptcy

Remortgages

Debt Management

A Debt management program can help reduce your debts into one affordable monthly repayment. Once we have worked out an affordable payment for yourself, we contact your creditors on your behalf and ask them to accept a reduced payment. We also request that interest and charges are frozen. We then distribute payments to your creditors on a pro-rate basis. All you have to worry about then is making one monthly payment to ourselves.This is a very popular plan due to it being informal. There are no contracts involved so you are not obliged to stay on the plan for any fixed term. You can also change your payments depending on your circumstances.

Debt Consolidation Loans

A debt consolidation loan can help lump all your repayments into one payment. We dont deal with debt consolidation loans in house but can refer you on to our partner company to see if you can be accepted for a debt consolidation loan. This again is a popular solution to debt problems but can cause problems in the long run as you quite often will end up paying more than you took out due to the interest added onto the loan. The other problem is it can be difficult to be accepted for such a loan depending on your credit rating and how much you apply for.

Bankruptcy

This is considered to be a last resort option for debt problems. If you have exhausted all other alternatives and have little or no disposable income then bankrutpcy might be your only option. This must not be entered without seeking professional advice first. If you would like to discuss bankruptcy then our professional advisors will be happy to help.

Remortgages

If you have some equity in your property then this is a good way to pay off any existing debts. Sometimes Bankruptcy or a Scottish Trust Deed might not be a viable option if you have money in a property. Again, our professional debt advisors can assist you with making the right choice