Is a Trust Deed debt solution for you? Are you currently struggling with debts and looking for a possible solution to take back financial control in Scotland? See below our frequently asked questions on Protected Trust Deeds, please note it is important to receive tailored debt advice before chosen a solution to resolve your debts which we can do for you by clicking the button below.


How much debt do I need to get a Protected Trust Deed in Scotland?

In order to qualify for a Protected Trust Deed in Scotland you would need at least £6,000 of unsecured debt, if you have under £6,000 of unsecured debts then you may want to look at other solutions such as Debt Arrangement Scheme (DAS), Sequestration (Full administration bankruptcy) or Minimal Asset Process (MAP).

Can I get a Protected Trust Deed if I have a mortgage?

Yes! There are many fears from clients that speak to us for debt advice that if they own their home and pair a mortgage they may lose their home by taking a Protected Trust Deed in Scotland. The truth is your debt advisor will only propose the Protected Trust Deed if they can protect what you currently have or want to keep, so should you have less equity in your home than the debt you could still be insolvent.

If you were to have more equity in your home or have paid your mortgage off then a Protected Trust Deed would not be a good solution for you and our advisors would cover other solutions such as – Debt Arrangement Scheme (DAS)

I’m I going Bankruptcy by getting a Protected Trust Deed?

No! When taking a Protected Trust Deed it is not as strict as Sequestration (Bankruptcy in Scotland), the main differences are that with Sequestration there is a registration fee of £200, you may not hold any official positions of local authority or government, any equity in your home at all could be at risk, the stigma that comes with bankruptcy and you may not be able to keep certain things you use on a month to month basis.

As always speak to a debt advisor about the restrictions it may cause you.

Can I get a Protected Trust Deed if a have a guarantor loan?

Yes! Getting a Protected Trust Deed must take in all debts so there is no preference to your creditors. When taking a guarantor loan into a Protected Trust Deed in Scotland the person that is tied to the loan with you will be pursued for the debt unless, they also take a solution to resolve their debts or the loan is continued to be paid by them.

Can I keep my car on Hire Purchase or PCP in a Protected Trust Deed?

Yes! Keeping a car for vital commuting or travel to work is permitted in the debt solution the only way you would then lose the car is if contractual payments were not met.

What debts can I include in a Protected Trust Deed?

Any that are unsecured really. Loans, credit cards, store cards, overdrafts, catalogues, utility bills, communication bills such as mobile contracts, child maintenance arrears, rent arrears (normally only with a local housing association or council), council tax arrears, debts with DWP, debts with HMRC, debt with your local council, mortgage or hire purchase shortfalls and much more!

Debts that cannot be included are – SAAS debts, mortgages or hire purchase if you still have the items

Can I get a Protected Trust Deed if I am unemployed?

A Protected Trust Deed would normally only be a good solution if you have a private income to cover your contributions such as employment, self-employment, or a private pension, always run get tailored debt advice to check your best solution.

If you are unemployed and receiving benefits only or are on a low income solutions might be better such as – Debt Arrangement Scheme (DAS) or Minimal Asset Process (MAP)

How much debt can I write off with a Protected Trust Deed?

Adverts are widely known in the market to write off up to 81% of your debt with a Protected Trust Deed, however to be realistic the average is between 25% – 75% of your debt written off and it will depend on your affordability and debt level.

Generally the more debt you have the more you write off.

Does a Protected Trust Deed stop wage arrestments?

Yes! Any current or future pending arrestments on your earnings will be stopped with a PTD in Scotland, allowing you to keep your earnings when you are paid, make one affordable monthly payment to the PTD

However, any debts accrued after your debt solution is in place will have the right to put an earnings arrestment on you should you fail to comply with them.

Will a PTD stop legal action from my creditors?

Yes! All legal action will be prevented.

Will I get evicted if I include rent arrears in a PTD?

No! We would never propose a solution where this would be the case unless requested. We would always ensure that the debt solution would not be proposed unless it was keeping secure what you needed protected.

Will my details be stored?

Anyone who enters a debt solution has their information logged on the Insolvency register.