Disadvantages of a Scottish Trust Deed
Learn more about what the Disadvantages can be when choosing a Scottish Protected Trust Deed as the debt solution to control your debts and get you debt free
- Will stay on your credit file for up to six years
- Can only apply for up to £500 credit whilst in the plan
- You may find it difficult to Re-Mortgage your home during the plan
- It may affect a job application where you are credit checker or against the terms of employment
- You may lose any extra money you declare during the plan such as an inheritance payout
- You can only take out new car finance during the plan if the car is not working or at least ten years old
- You may need to step down as a direct or of a limited or Ltd company
Scottish Trust Deed® is a trading style of River Insolvency Ltd.
Visit River Insolvency – www.riverinsolvency.co.uk
ICO Registration: ZB542447
A company registered in Scotland: SC767165
© River Insolvency Ltd 2023
River Insolvency Ltd, 10 Payne Street, Glasgow, G4 0LF
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*Debt examples are subject to creditor acceptance, payments subject to individual circumstances, credit may be affected. Fees may apply.
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