Debt advice archive
A Trust Deed can write off your remaining unsecured debt once it reaches a successful conclusion. Here's a look at how that happens.
If you enter a Trust Deed, your details will be published in the Edinburgh Gazette - but that's not necessarily as bad as it may sound.
The Debt Arrangement Scheme is statutory debt management in Scotland which can freeze interest and charges on unsecured debts.
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.
Despite its advantages, a Trust Deed will affect your credit rating.