Trust Deed
A Trust Deed is an arrangement made to manage your debts if you have debt problems, and is applicable only in Scotland.
It is simlar to an IVA - you make arrangements to pay off your debt at an agreed rate, and all interest or further fees are frozen. You make the repayments for three years, after which time your remaining debts will be written off.
To qualify, you must owe at least £10,000.
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