News

Logbook Loans And Trust Deeds

What Is A Logbook Loan? A logbook loan is credit secured on your vehicle. You sign a “bill of sale” which can get registered with the court. The lender owns your vehicle until the debt gets repaid. Interest rates are high; 300% APR (or more) is common. You keep using the vehicle. You’ll lose your […]

Keeping A Car While in a Trust Deed

Many of us are totally reliant on being able to use a car. While a lucky few may have access to good public transport links, many more find that their personal movements require access to a vehicle. When debt becomes an issue, people may worry whether they’ll be able to keep their car if they […]

Joint Trust Deeds in Scotland

What Is A Joint Trust Deed? If you and your partner have debts, a joint trust deed might be a good solution. This actually means a separate trust deed for each of you. Joint arrangements don’t technically exist, but they are set-up and managed jointly. You work together with a single adviser. You receive coordinated […]

Joint Debts and Trust Deeds

What Is A Joint Debt? If you borrow money with someone else, it’s a joint debt. Overdrafts, bank loans, and mortgages are common types of joint debt. They’re often (but not always) taken out with your partner. We’re unaware of any joint credit cards. “Additional cardholders” aren’t legally responsible for repayment. Household bills may be […]

Is your trust deed regulated by the Financial Conduct Authority?

On April 1st 2014 the Financial Conduct Authority took over the regulation of debt advice. The provision of debt advice was previously supervised by the Office of Fair Trading, an organisation hampered by insufficient resources and comparativelylimited powers. The very extensive powers and resources of the FCA provide it with a unique opportunity to improve […]

Is It Allowable To Use Credit During Trust Deeds?

Please note that this article concerns whether it is allowable or sensible to obtain further credit. Whether it would actually be possible to do so is, of course, a very different question. Many people are surprised to find out that, generally speaking, it is allowable to continue using credit during Scottish trust deeds. Other debt […]

Is a Scottish trust deed an option if you’re in the Armed Forces?

Here we look at what trust deeds are and whether they can help those serving in the army, navy, or RAF, to deal with debts that have become unmanageable. Many are struggling to make ends meet as they try to cope with rising living costs and mounting debts. Here we look at whether a Scottish […]

How to prioritise bills and other expenses

If a household can no longer manage all of their bills and other expenses what can they do prior to looking into getting a trust deed or entering other serious debt measures? The first part of the answer to this question is that it may depend on circumstances. If a family is experiencing a short-term […]

The Length of Scottish Trust Deeds

For expert advice about setting up a Scottish trust deed and other types of debt solution please contact us. For advice about trust deeds that are already up and running please visit our forum.