Does a Trust Deed cover all of my debts?

Trust Deeds only incorporate unsecured debts such as loans from banks, money owed to finance companies, credit cards, and store cards. HM Customs and excise (VAT), Inland Revenue and other private loans can also be included in a Trust Deed. A Trust Deed will not include any secured debts, such as a mortgage or a secured loan. You will still be required to maintain any payments to court fines, child support or student loans.

Debt Advice Foundation is a registered UK charity offering free, confidential debt advice. If you need advice about Scottish Trust Deeds or would like to see if you qualify, please call the charity’s helpline to speak with a Advisor on 0800 043 40 50.