Debt Advice Articles
A Trust Deed can only include unsecured debts - but it could help you keep on top of any Hire Purchase agreements and other essential costs too.
As a personal loan is an unsecured debt, it can be included in a Protected Trust Deed.
The Debt Arrangement Scheme (DAS) could help you deal with any unsecured debts that you can no longer afford to repay as agreed.
A Trust Deed could help you get on top of unsecured debt problems - but it will affect your ability to get further credit.
A Trust Deed will damage your credit rating for six years.
On-going utility bills can't be included in a Trust Deed - but arrears owed to a previous supplier could be.