A Trust Deed is only available to residents of Scotland to help individuals who can no longer keep up with their lender commitments.
A Trust Deed will allow you to effectively take time out from making payments that you cannot afford by consolidating all of your debts into an affordable monthly repayment. A Trust Deed advisor or insolvency practitioner will work on your behalf to negotiate with your lenders.
A Trust Deed is normally a four-year plan. This means at the end of the period your lenders will write off any remaining debt.
Another option that is available to Scottish residents is a Debt Arrangement Scheme or Debt Management Plan.
To ensure what you qualify for, please fill in the form above.
Complete the Debt Test to get confidential advice now
Here is an example of how we could make your debts more affordable
Let’s say you owe:
Total Owed: £13,000
Approx Current Monthly Payments: £475
NEW MONTHLY PAYMENTS: £150
We’ve helped thousands of people take control of their finances.
Disclaimer: Please see below a couple of reveiws which could vary from person to person, based on the indivdual's financial situation.
"Great. The best thing I ever did, you think it's too good to be true but hey it's so out there. I was paying a thousand pounds a month, now I am paying, wait for it. Two hundred. Yes it's true. Go for it!" Patricia Howell
"So simple, I had worried myself sick about my bills! One phone call is all it took to start things rolling. It was easy, just be honest by telling them everything and it gets sorted for you" Alistair Molyneux
Find out more about managing your money by speaking to The Money Advice Service an independent service set up to help people: Money Advice Service
Terms and Conditions.
Changing Steps UK is a trading name of KAR7 Limited | Registered in England and Wales, Number: 08842648 | Data Protection Act Registration Number: ZA037480 | Address: 11-17 Fowler Road, Hainault Business Park, Ilford, Essex, IG6 3UJ
Michael Howorth is authorised by the Insolvency Practitioners Association to act as a Licensed Insolvency Practitioner. IP Number 9135
© Changing Steps UK 2019 | All Rights Reserved.
KAR 7: specialise in providing and administering Individual Voluntary Arrangement (“IVA”) solutions to individuals based in England, Wales and Northern Ireland. We do not administer Debt Management Plans, Debt Relief Orders, or any other debt solutions.
We only provide advice after completing or receiving an initial fact find where the individual(s) concerned meets the criteria for an IVA, therefore, all advice is given in reasonable contemplation of an insolvency appointment.
To qualify for debt write off in an IVA with KAR 7, you must have a minimum of £6000 of qualifying unsecured debt owed to two or more creditors. A debt write off amount of between 25% and 75% is realistic, however the debt write off amount for each customer differs depending upon their individual financial circumstances and is subject to the approval of their creditors.