Rent and mortgage arrears are the most serious kind of debt, because they put your home at risk. They can’t simply be written off — a mortgage is secured on your property — but dealing with your other debts can free up the income to keep your home. Here’s an honest look at how.
The solutions we advise on are debt solutions, not loans; some are forms of insolvency, are recorded on a public register and will affect your credit rating. Your initial advice is free and there’s no obligation; if you go ahead, fees apply and are shown to you in full first. We’re a commercial service — free, independent debt advice is also available from MoneyHelper and the Scottish Government.
Rent and mortgage arrears are priority debts because the consequence of ignoring them is losing your home. A mortgage is secured against your property, so it can’t be written off through a debt solution, and rent arrears can lead to eviction action — so these need dealing with directly and quickly.
Where a Scottish debt solution helps is with everything else. By bringing your unsecured debts — cards, loans, overdrafts — into a Debt Arrangement Scheme or Protected Trust Deed, you free up income each month that can go towards your rent or mortgage and any arrears, helping you keep your home.
We’ll be honest: this is about protecting your home, not erasing housing debt. We’ll always point you to specialist help too — for homeowners, organisations like the Scottish Government’s Home Owners’ Support Fund and shelter services; for renters, Shelter Scotland and your local authority.
We deal with your unsecured debts so more of your income is available for the priority payments that keep a roof over your head.
We start from what you need to pay for your rent or mortgage, then look at what’s left for everything else.
Your unsecured debts are brought into a single affordable monthly payment through a DAS or Trust Deed, freeing up income.
We signpost you to specialist rent and mortgage-arrears services, which can negotiate directly with your landlord or lender.
Free, confidential advice with no obligation. Find out in minutes how to protect it.
See if you qualify →For the right person, these solutions offer real relief. Here are some of the main advantages.
Bring your unsecured debts together into a single monthly payment based on what you can realistically afford.
We deal with your creditors directly, so you no longer have to liaise with them yourself.
Once your solution is in place, interest and charges on the debts included are frozen so the balance stops growing.
Dealing with Scottish debt is all we do, so the advice you get is tailored to the solutions available where you live.
This is a serious step and isn’t right for everyone. We’ll fully explain the implications and check any solution is affordable, achievable and suitable — another option, or free impartial advice, may be better for you.
A mortgage is secured on your home, so it can’t be written off through a Trust Deed or DAS, and rent arrears can lead to eviction. A debt solution helps by freeing up income — it doesn’t erase housing debt.
A Trust Deed or DAS affects your credit rating and can make obtaining credit harder for a period. If you’re already behind, your rating is likely affected already.
A Protected Trust Deed is recorded on the public Register of Insolvencies; a DAS on the DAS Register — both searchable.
Where debt can be written off, how much depends on your circumstances and creditor agreement. Nothing is promised.
With priority debts, enforcement can move quickly. The sooner you get advice, the more options you’ll have.
No single solution is right for everyone. We’ll always check whether another route would serve you better first.
If the following sounds like you, it’s worth free, straight advice. There are other factors we’ll assess, such as your property status and income.
Free up income by dealing with your other debts, so more can go towards keeping your home.
Check if you qualify Free initial advice · No obligation · Fees apply only if you proceed and are shown in full firstYour initial advice is free and there’s no obligation. Trust-Deeds.co.uk is a trading style of My Debt Plan Ltd — a commercial, profit-seeking service, paid for the debt solution you enter into.
If you go ahead with a Protected Trust Deed, your trustee is paid a fixed administration fee plus a further fee based on a percentage of the funds collected during the Trust Deed. These fees are paid from the monthly payments you make, before money is distributed to your creditors — so there is no separate upfront fee. On a Debt Arrangement Scheme, a fee is taken from your monthly payment to cover administering and distributing it to your creditors. Whichever route suits you, all fees are explained and disclosed to you in full before you sign anything.
These routes deal with your unsecured debts to free up income for your home. We’ll explain the advantages, disadvantages and risks of each.
A Scottish alternative to bankruptcy for unsecured debts over £5,000. One affordable monthly payment, typically over around four years, after which qualifying unsecured debt you can’t afford is written off (subject to creditor agreement, not guaranteed). A form of insolvency recorded on a public register.
Learn about Trust Deeds →A Scottish Government scheme to repay your debts in full through one affordable payment, with interest and charges frozen and your home and car protected as long as you keep up the payments. It will still affect your credit rating.
Learn about DAS →Find out in minutes how dealing with your other debts could help protect your home. It’s free, confidential and there’s no obligation.
Answer a few quick questions about your situation and a debt advisor at My Debt Plan Ltd will be in touch to talk through your options. It’s free, confidential and there’s no obligation.
See if you qualify →Prefer to speak to someone? Call us on
0161 464 0870Mon–Fri 9am–5pm · Private & confidential, no obligation
Free, independent debt advice is also available from MoneyHelper, StepChange, National Debtline or Citizens Advice Scotland.
Straight answers to the questions people ask most before choosing a Scottish debt solution.
Facing your debt is the first step towards dealing with it. Free, confidential guidance — with no judgment and no obligation.
See if you qualify