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Trust Deed Aberdeen – Complete Review

Trust Deed Aberdeen

For free and impartial money advice and guidance, visit MoneyHelper, to help you make the most of your money.

Need a Trust Deed in Aberdeen? Want to know where the best insolvency firms in Aberdeen are and how to get in touch? We provide answers to these questions and more in our Trust Deed Aberdeen guide. 

What Are Protected Trust Deeds?

Protected Trust Deeds are for people who:

  • Live in Scotland
  • Have at least £5,000 of debt 
  • Are typically not able to repay their debt within the next four years

Suitability will be determined by a qualified insolvency practitioner. The agreement is to repay monthly amounts for a period of four years (sometimes the repayment period is adjusted).

Once your repayment period ends, you no longer have to make any additional payments even if you haven’t paid everything back. Instead, all unpaid debts are wiped. 

Some debtors end their Trust Deed and wipe hundreds or thousands of pounds of debt instantly. 

Can I Find a Trust Deed in Aberdeen?

Yes, Trust Deeds are for people living in Scotland only. So, if you live in Aberdeen you meet the first requirement to qualify for this type of debt solution. 

Even better, many of the best trust Deed suppliers have an office in Aberdeen. Other cities where you can find multiple insolvency and debt management companies include Glasgow and Edinburgh. 

If you live in Aberdeen and want a Trust Deed, there are options on your doorstep. Read on to learn about the best ones. 

Why Choose a Local Aberdeen Insolvency Practitioner?

You don’t have to use an insolvency firm that is close to home in Aberdeen, but there is an advantage if you do.

A Trust Deed is a formal debt solution with legal weight. Getting involved in one should be a decision taken seriously and you will need to ask a lot of questions.

Most debtors prefer to meet with their potential trustee in person and iron out the details. This can be more advantageous than doing everything over the phone. And using a local Aberdeen Trust Deed provider makes that easier

Just try not to get caught out by searching for the best insolvency firms in Aberdeen only to realise that they only work remotely and don’t offer face-to-face appointments. Some of them are located in Aberdeen but will only communicate on the phone. 

Who Are the Trust Deed Aberdeen Providers?

There are two Trust Deed providers in Aberdeen that stand out from the crowd. You can learn a wee bit about both of these firms below:

#1: Scotland Debt Solutions

Scotland Debt Solutions is an established insolvency company that has been on the go since 1989. They have offices all across Scotland, including Edinburgh, Glasgow, Dundee and Aberdeen. They offer three types of Scottish debt solutions to help people in different debt situations.

#2: Scottish Trust Deed 

Another great option is They are another established insolvency team that have offices across Scotland. You can find them in Edinburgh, Glasgow and Aberdeen. They currently have just under 100 Trustpilot reviews with an average score of ‘excellent’. 

The Money Nerd Recommendation for Trust Deeds in Aberdeen

Both of the companies mentioned above are good options for anyone needing a Trust Deed in Aberdeen. We expect you to receive a professional and honest service from both. However, we do have a slight favourite.

Scotland Debt Solutions welcomes people to visit them at their Aberdeen office. You can arrange an appointment and go to speak to one of their professionals. This is a valuable opportunity to get to know more about who they are and what to expect from a Trust Deed. Not to forget that it provides more chances to ask lots of questions. 

Trust Deed Aberdeen FAQs

Do I have to live in Aberdeen?
You must live in Scotland to use a Trust Deed debt solution. You don’t have to live in Aberdeen to use the companies mentioned above, but these are the best options nearby.
Will my Aberdeen employer or family learn about my Trust Deed?
Not unless they look up a specific register. Only professionals working in finance may have to tell their employer about their Trust Deed.
What is the contact number for Scotland Debt Solutions Aberdeen?
The number of Scotland Debt Solution’s Aberdeen office is 01224 421 261. Or you can email them at [email protected]
What is the Scotland Debt Solutions Aberdeen address?
Their office can be found at: 7 Queen’s Gardens Aberdeen AB15 4YD It is best to arrange an appointment in advance.
Should I Contact an Aberdeen Trust Deed supplier first?
You might want to get impartial debt advice from a debt charity before reaching out to a specific company. Step Change can offer this but if they think you need a Trust Deed, they will only refer you to one of their four partner companies. The Trust Deed providers in Aberdeen may be better or cheaper than the ones Step Change refer you to. Try to keep your options open but use their free advice first.
Can I Use an English Insolvency Practitioner Instead?
Some debt management companies in England offer Trust Deeds and other Scottish debt solutions. As long as the company is qualified to provide Trust Deeds there is no reason why you can’t use them instead of a local Aberdeen company if that is what you want to do.

Uncover More Trust Deed Information, Now!

You can never know too much about Trust Deeds. These are very serious debt solutions and failing to keep to the arrangements can have significant consequences. 

You should be able to ask as many questions as you need to your local insolvency practitioner, but for quick and simple answers to many Trust Deed FAQs, head to our Trust Deed blogs on MoneyNerd!


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