You do not need joint debts to start a Scottish trust deed together. If you each have separate debts, this joint debt solution is available.
Your financial affairs must be linked to each other. For example, you’ll probably live in the same home and share bills and expenses. You each need to meet the individual qualification criteria. These criteria include:
• Being resident in Scotland
• Owing at least £5,000
• Being able to afford a regular payment
Joint debts get included in protected trust deeds. If you have a £2,000 joint loan, it counts as £2,000 each for your minimum debt level of £5,000.