Trust deeds in Scotland help thousands of individuals with personal debts to clear in excess of £10,000 of their unsecured debts but what kind of debt can be classed as unsecured debt?
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As seen on STV, Trust Deed Scotland is a leading introducer of Scottish trust deeds but for the many thousands of Scottish residents who are aware of trust deeds and how they can literally save lives, there are many more people who are unaware of the Scottish government legislation that can clear debts.
Added to the list is a group of people who are aware of trust deeds but unsure if the debt that they have is eligible to be included within a trust deed.
Trust deeds in Scotland help thousands of individuals with personal debts to clear in excess of £10,000 of their unsecured debts but what kind of debt can be classed as unsecured debt?
A secured debt is one secured against an asset such as a house or car. There are also other unsecured debts that also cannot be included in a trust deed.
This is a rough list of the typical debts can be included within a protected trust deed:
✓ Personal Loans
- Credit Cards
- Store Cards such as River Island, Burton and Argos.
- Bank Overdrafts
Debts that typically cannot be included within a protected trust deed:
- Student Loans
- Council Tax
- Current Gas Supply
- Current Electric Supply
- Mortgage
- Secured Loan
To find out if you are eligible for Scottish Trust Deeds, you can use a Trust Deed Calculator. The Trust Deed Calculator will give you an indication on whether you qualify for a Protected Trust Deed Quote.
If you would like to speak to Trust Deed Scotland about a Protected Trust Deed Quote, call Trust Deed Scotland on 0141 221 0999 or visit www.trustdeedscotland.net for more information on the Trust Deed Calculator.
For Life After Debt, visit trustdeedscotland.net™
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