We’re here to help you with a PTD
Everyday life can make managing your money difficult. Debt can become daunting. We all know that ‘more month left than money’ feeling!
Our 5-star debt support service is here to help (see how we’ve already helped hundreds of other people just like you). Quick and easy debt support you can trust so you can feel better about your finances.
Talk to one of our experienced advisors today about the easiest way to manage your debt and explore your options.
Whatever your situation, our help is always clear, kind and super helpful. If its just a general question you may have or if you need a hand on how to apply for a PTD (Protected Trust Deed), we will help you with that.
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Debt help scotland - how a Protected Trust Deed (PTD) can help you
Are you in debt? Do you live in Glasgow? Edinburgh? Aberdeen? In fact, if you live anywhere in Scotland then talk to us about Scottish debt solutions. In particular a Protected Trust Deed (PTD). It could be just what you need to help solve your money problems.
What is a Protected Trust Deed (PTD)?
Exclusive to Scotland, a Protected Trust Deed (PTD) is a very common debt consolidation option that allows Scottish residents to write off a percentage of debt without going bankrupt.
How does a Protected Trust Deed (PTD) work?
A PTD allows you to consolidate your debts into a single monthly payment without the extra stress of taking on new debt.
It normally runs for four years during which your monthly payments reduce the amount you owe. Depending on circumstances, you may be able to pay over a longer period. If you have a wage arrestment in place we can even help you take back control of your wages.
Once you’ve successfully completed a PTD any remaining unsecured debt is WRITTEN OFF.
But remember… PTDs are only available if you live in Scotland. If you live in England, Wales, or Northern Ireland, an Individual Voluntary Arrangement (IVA) can provide a similar solution to a PTD. For more info about an IVA click here.
Talk to us today: 0800 368 9878. Discover how to lift the weight of debt
from your shoulders and live a debt free life.
Clear Money Solutions - debt help and debt consolidation
solutions with your best interest at heart.
Example of the savings with a PTD
Amount of unsecured debt:
£30,000Number of unsecured creditors:
7Current monthly payment:
£850New monthly payment:
£200Monthly saving:
£650Total repaid over 48 months:
£9,600* all trust deed fees are incorporated in your new monthly payment and are negotiated by the IP
Some benefits associated with the PTD:
- Potentially legally write off up to 85% of your debt.
- Once creditors have accepted the PTD, all interest and charges are guaranteed to be frozen.
- Creditor Contact including legal action will be stopped once the PTD has become protected.
Some downsides and risks associated with the PTD:
- Your trust deed will fail if you don’t maintain your monthly payments.
- Secured debts can’t be included into the arrangement.
- Creditors can vote against the trust deed becoming protected.
Types of debts that can be included in a PTD
We understand just a small change in your circumstances can have a big impact when it comes to keeping up with your monthly outgoings and dealing with your creditors. A PTD can help you and we are here to help.
Credit Cards
Credit cards can easily build up and become unmanageable with missed payments sending charges spiralling. Sound familiar? Find out how we can help you reduce your repayments.
Store Cards
Store Cards. Easy to spend on, not so easy to pay off sometimes. Especially if the interest is racking up month on month. Store card challenge? Find out how we can help you reduce your monthly payments.
Loans
Whether unsecured loans or payday loans, it’s amazing how many people find themselves taking on new debt to repay existing debt. It’s an expensive spiral that we can help you break. Talk to us about ways of freeing yourself.
Overdue Bills
Overdue bills? Whether you council tax arrears which has been passed to a sheriff officer, mortgage shortfalls, Hp shortfalls or even disconnected mobile phone contracts, We can help, One phone call with us can prevent and stop those wage arrestment’s happening.
Here is a small selection of creditors we can help you include within a PTD:
You are not alone
Are you in debt? Having money problems? Then you’ll know how stressful dealing with creditors can be. That’s why we’re here. So you don’t have to manage your debt on your own.
Trusted Scottish debt help from Clear Money Solutions. Ethical, expert and experienced.
Scottish debt help & Advice, debt consolidation and one single monthly affordable payment to help solve your money problems and lift the weight from your shoulders
Time to take control of your debts? Time to find the right debt solutions for you? Time to benefit from our advisors’ 15 years minimum industry experience? WITHOUT the stress of taking on new debt.
You are not alone. We can help.
Free and confidential no-obligation debt consolidation advice from the industry experts
Why Choose Us
Free confidential advice
Your finances are your business. Our trusted expert advisors always make it their business to always put you best interests first.
IN DEPTH ASSESSMENT
A full assessment of your circumstances makes sure we capture all the important information, so we can give you clear and effective advice.
WE PUT YOU FIRST
A well respected and highly ethical company we follow all the latest industry standards. You’re our number one priority.
THE SOLUTION THAT’S RIGHT FOR YOU
Free, confidential, no-obligation advice, always. So you can choose what’s best for you.
About us
Scottish debt help from Clear Money Solutions. It’s what we do. It’s all we do Simple, effective and highly attentive money problem solving with your best interest at heart.
We do it very well indeed. So well that hundreds of delighted and super relieved customers have given us 5 star reviews. You can read them here.
More than 15 years of experience, FCA (Financial Conduct Authority) accreditation and a winning ‘customer first’ attitude combine to make us THE experts in solving your money problems.
Our single, simple mission? To lift the weight of debt from your shoulders so you can live a debt free life.
Less a question of whether we can help.
More a question of how?
To find out what your options are, simply fill in our quick & easy online form or call us on 0800 368 9878
FAQ's
Will my creditors still be able to contact me if I enter into an arrangement?
I have an attachment of earnings in place can this be stopped?
What are the costs and fees involved with an IVA or PTD?
How do I check if I qualify?
What kind of debts can be included?
Other Debt Solutions
What is a debt management plan (DMP)?
What is a debt relief order (DRO)?
What is bankruptcy?
What is a debt arrangement scheme (DAS)?
What is a minimal asset process (MAP)?
What is sequestration (Scottish Bankruptcy)?
Free Debt Solution Finder
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To find out more about managing your money and getting free advice, visit Money service, independent service set up to help people manage their money. www.moneyadviceservice.org.uk