If you’re struggling with debt in Scotland, you’re not alone. Many people find it hard to keep up with payments, especially as the cost of living keeps rising. That’s where Trust Deeds come in. A Trust Deed can help you take control of your debt and start fresh. In this post, we’ll break down everything you need to know about Trust Deeds in 2025—including how the Carrington Dean Trust Deed repayment plan works.
What Is a Trust Deed?
A Trust Deed is a legally binding agreement between you and your creditors (the people you owe money to). It allows you to repay a portion of your debt over a set period—usually four years. After this time, any remaining debt is written off. This means you don’t have to repay every penny you owe, just what you can afford.
Trust Deeds are only available in Scotland. If you live elsewhere in the UK, different options, like an IVA or bankruptcy, may be available instead.
How Does a Trust Deed Work?
Here’s how the process usually works:
- Speak to a professional – You’ll talk with a debt adviser to see if a Trust Deed is the right solution for you.
- Create a repayment plan—Based on your income and expenses, you agree on a monthly amount you can afford.
- Get creditor approval – Most creditors need to agree to the plan before it becomes “protected.”
- Start repaying – You’ll make fixed monthly payments for four years.
- Debt is cleared – Once the term ends and payments are complete, the rest of your debt is legally written off.
Who Can Apply for a Trust Deed?
To qualify for a Trust Deed in 2025, you must:
- Live in Scotland
- Owe at least £5,000 in unsecured debt
- Have a steady income or benefits that allow regular payments
- Not own assets (like property or vehicles) that could easily cover your debts
Even if you’re unsure about your situation, it’s worth speaking with a debt adviser to determine your options.
What Makes the Carrington Dean Trust Deed Repayment Plan Different?
Carrington Dean is one of Scotland’s most trusted debt solution providers. Their Trust Deed repayment plan is designed to make things as stress-free and straightforward as possible. Here’s how they stand out:
- Personalised support—Carrington Dean works with you to create a repayment plan that fits your budget. They consider your rent, bills, food, and other essentials.
- Transparent process – You’ll always know what you’re paying and why. No surprise fees or confusing terms.
- Legal protection – Once your Trust Deed is protected, creditors can’t contact you or take legal action.
- Focus on success – Their team helps guide you from start to finish, ensuring you stay on track during the full term of your Trust Deed.
When you choose the Carrington Dean Trust Deed repayment plan, you’re not just signing a form—you’re getting a full support system to help you succeed.
Pros and Cons of a Trust Deed
Like any debt solution, Trust Deeds have both advantages and downsides.
✅ Pros:
- Write off debt you can’t afford after 4 years
- Lower monthly payments based on your real budget
- Stop creditor contact and legal action
- Avoid bankruptcy, which can be more damaging
❌ Cons:
- Your credit score will be affected for six years
- You may not get credit during the repayment period
- Some assets may be included in the agreement if they’re of high value
Is a Trust Deed Right for You?
If your debt feels overwhelming and you can’t see a way out, a Trust Deed could be the solution you need. It helps you manage your debt without the pressure of trying to pay everything back at once. You make one affordable monthly payment, and after four years, you can move on with your life, debt-free.
Every situation is different, so getting advice tailored to your needs is essential. That’s why many people choose Carrington Dean, where you’ll find expert help and a clear path forward.
Final Thoughts
Debt can happen to anyone, and asking for help is okay. Trust Deeds are a legal, affordable way to take control of your finances in Scotland. In 2025, more people than ever are choosing this option to get their lives back on track. With the Carrington Dean Trust Deed repayment plan, you’re not just managing debt but building a stronger future.
Need help today? Contact Carrington Dean to see if a Trust Deed is right for you.