Scottish Debt Solution A Protected Trust Deed is a Scottish debt solution which enables people with severe debt problems to repay a proportion of their debt over a period of time, typically 36 months.
Usually people repay around 30-50% of the money they borrowed with the remaining debt being cleared at the end of the solution, as long as the person in debt completes the debt solution satisfactorily.
The Protected Trust Deed is suitable for anybody who has over £10,000 of unsecured debt, is in employment and is able to repay at least £150 a month towards their debt.
The person in debt must be able to repay at least 10% of the money they borrowed over the term of the debt solution.
There are between 7,000 and 9,000 people entering a Scottish Trust Deed each year.
Protected Trust Deed statistics The Trust Deed is a Scottish debt solution monitored by the Accountant in Bankruptcy (AIB).
The AIB records all Bankruptcies / Sequestrations and Protected Trust Deeds in the register of insolvencies.
The data typically released by the AIB provides the total number of solutions by each quarter.
Debt Support Trust has used the data provided by the AIB to assess where in Scotland the solution is most popular.
Top Regions for Protected Trust Deeds in Scotland The top regions for Protected Trust Deeds in Scotland are below.
We can see that the 'G' or Glasgow postcode is largest with 2,000 Protected Trust Deeds (PTD).
A large percentage of people living in Scotland will reside in Glasgow, so it's not unexpected that Glasgow has the most protected trust deeds (PTD).
Postcode Number of PTDs G 2000 EH 1145 ML 765 KA 708 KY 623 PA 600 FK 494 AB 462 DD 365 IV 234 PH 206 DG 182 TD 110 KW 49 HS 16 ZE 14 Exact Area The postcodes with the largest number of Scottish PTDs are below.
KY11 is the area in Scotland where most people entered a Protected Trust Deed between April 2010 - March 2011.
Coatbridge (ML5) and Airdrie (ML6) are two areas in Scotland where this particular debt solution is most popular.
These two areas which are located next to each other have some of Scotland's most indebted individuals.
People can access the full list and check their postcode by visiting the the debt statistics page on Debt Support Trust.
Postcode Number Town KY11 144 Inverkeithing ML5 114 Coatbridge ML6 113 Airdrie EH54 110 Livingston G81 105 Clydebank Debt across Scotland Debt problems across Scotland are growing due to increased unemployment, a reduction in wages, marital problems and family breakdown among other reasons.
To resolve a debt problems an income and expenditure must be completed including any assets.
From this information gathering exercise a qualified debt advisor can determine what debt solution would be most suitable.
The debt solution should take into account the impact on the person's credit history along with the amount of time they will be making repayments to their debt.
Each year there are also over 10,000 Sequestrations/ Bankruptcies in Scotland due to debt problems.
The debt epidemic in Scotland is amongst the worst in Europe due to the easy accessibility of credit.
People in debt should contact a debt advice charity who can provide support either face to face or over the telephone.
There are a number of debt charities available.
The charities may be funded in a number of different ways but essentially the advisors should be providing honest and impartial debt advice which will benefit you.
The charity debt advisor will supply you with all of the available debt solutions, enabling you to make a decision on your own financial future.
When speaking to a charity debt advisor ensure you are completely truthful as any wrong information could result in you being provided with the wrong debt advice.
Usually people repay around 30-50% of the money they borrowed with the remaining debt being cleared at the end of the solution, as long as the person in debt completes the debt solution satisfactorily.
The Protected Trust Deed is suitable for anybody who has over £10,000 of unsecured debt, is in employment and is able to repay at least £150 a month towards their debt.
The person in debt must be able to repay at least 10% of the money they borrowed over the term of the debt solution.
There are between 7,000 and 9,000 people entering a Scottish Trust Deed each year.
Protected Trust Deed statistics The Trust Deed is a Scottish debt solution monitored by the Accountant in Bankruptcy (AIB).
The AIB records all Bankruptcies / Sequestrations and Protected Trust Deeds in the register of insolvencies.
The data typically released by the AIB provides the total number of solutions by each quarter.
Debt Support Trust has used the data provided by the AIB to assess where in Scotland the solution is most popular.
Top Regions for Protected Trust Deeds in Scotland The top regions for Protected Trust Deeds in Scotland are below.
We can see that the 'G' or Glasgow postcode is largest with 2,000 Protected Trust Deeds (PTD).
A large percentage of people living in Scotland will reside in Glasgow, so it's not unexpected that Glasgow has the most protected trust deeds (PTD).
Postcode Number of PTDs G 2000 EH 1145 ML 765 KA 708 KY 623 PA 600 FK 494 AB 462 DD 365 IV 234 PH 206 DG 182 TD 110 KW 49 HS 16 ZE 14 Exact Area The postcodes with the largest number of Scottish PTDs are below.
KY11 is the area in Scotland where most people entered a Protected Trust Deed between April 2010 - March 2011.
Coatbridge (ML5) and Airdrie (ML6) are two areas in Scotland where this particular debt solution is most popular.
These two areas which are located next to each other have some of Scotland's most indebted individuals.
People can access the full list and check their postcode by visiting the the debt statistics page on Debt Support Trust.
Postcode Number Town KY11 144 Inverkeithing ML5 114 Coatbridge ML6 113 Airdrie EH54 110 Livingston G81 105 Clydebank Debt across Scotland Debt problems across Scotland are growing due to increased unemployment, a reduction in wages, marital problems and family breakdown among other reasons.
To resolve a debt problems an income and expenditure must be completed including any assets.
From this information gathering exercise a qualified debt advisor can determine what debt solution would be most suitable.
The debt solution should take into account the impact on the person's credit history along with the amount of time they will be making repayments to their debt.
Each year there are also over 10,000 Sequestrations/ Bankruptcies in Scotland due to debt problems.
The debt epidemic in Scotland is amongst the worst in Europe due to the easy accessibility of credit.
People in debt should contact a debt advice charity who can provide support either face to face or over the telephone.
There are a number of debt charities available.
The charities may be funded in a number of different ways but essentially the advisors should be providing honest and impartial debt advice which will benefit you.
The charity debt advisor will supply you with all of the available debt solutions, enabling you to make a decision on your own financial future.
When speaking to a charity debt advisor ensure you are completely truthful as any wrong information could result in you being provided with the wrong debt advice.