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Scottish Trust Deed Forum
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Topic starter
25/03/2010 8:51 pm
Hi there first time poster. Just would like to know what the chances of my TD going protected are? I have ?ú9000 unsecured debt which isnt alot to some but is to me on a wage of ?ú740 per month. The IP who I spoke to thinks that me paying ?ú175 per month will be plenty. My creditiors are Bank of scotland, RBS. barclaycard, santander and littlewoods. Any advice would be great thanks.
25/03/2010 11:34 pm
It is hard to say without knowing exactly how much your IP's fees will be, but I should imagine that your TD would get protected no problem. You might find that Barclaycard might be more difficult than the others, but as long as the debt to them is not greater than a third of the total then this would not cause the trust deed to fail to get protection.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
26/03/2010 12:15 am
Hi Don88 and welcome to the forum.
We hear that protection rates vary from firm to firm.
If you read the interviews with Kevin, Mark and Julie (on the left hand menu) I am sure you will take some reassurance that the vast majority of Trust Deeds do become protected.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
26/03/2010 5:51 pm
Thanks very much for the quick replies. The debt with Barclaycard is only ?ú500 the majority is actually with Bank of Scotland. I was asked to open a safe bank account on monday and then call the IP back. Do I miss this months payments or do I pay them until the TD is set up?
28/03/2010 10:41 pm
Not really any need to if you about to enter into a trust deed Don88, but if you can afford it then you may wish to in order to avoid hassle in the meantime!
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
