Which Debts can I include in my Trust Deed

Establishing which debts can be included in your Trust Deed is an essential part of the preparation process. After all, you wouldn’t want to find your Trust Deed only dealt with half of your debt problem.

A Trust Deed will only deal with unsecured debts, which could be any of the following types of agreements:

  • Bank Loans
  • Bank Overdrafts
  • Building Society Loans
  • Credit Cards
  • Store Cards
  • Door Step Loans
  • Payday Loans
  • Utility Company Arrears
  • Unpaid Tax bills
  • Overpaid Tax Credits
  • Finance Company Shortfalls
  • Mortgage Company Shortfalls

Most high street lenders accept that a proportion of their clients will fall on financial hard times at some point in their lives. Sometimes through no fault of their own, other times as a matter of misfortune and occasionally by making poor financial decisions.

As a result, most creditors accept Trust Deeds for what they are – a regulated, formal debt solution, specifically designed to help people with an overwhelming debt problem.

Take this link to view a list of debts which can’t be included in your Trust Deed.

If you would like to discuss entering into a Protected Trust Deed with one of our specialist Trust Deed advisers, please call our helpline now on 0800 088 7503.