Debt Advice Articles
There are many advantages of entering a Trust Deed - however, if you are a homeowner it may have an effect on your home.
A Debt Arrangement Scheme will damage your credit rating for six years, which could make further borrowing more difficult.
Whether a Trust Deed or the Debt Arrangement Scheme could be best for you depends on your circumstances.
Despite its advantages, a Trust Deed will affect your credit rating.
A Trust Deed could be the most suitable way out of unsecured debt problems - but it's likely to affect your ability to get further credit.
The Debt Arrangement Scheme is statutory debt management in Scotland which can freeze interest and charges on unsecured debts.