Trust Deed Scotland to Review and Revamp Debt Services

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Trust Deed Scotland has revealed plans to carry out a complete review and refresh of their debt management products. This move will ensure total compliance with the latest Government legislation and the provision of improved services to their customers.

Trust Deed Scotland announced today that they will be carrying out a full review of their trust deed services following the release of a report last week by the Scottish Government. The report summarises responses to the consultation on protected trust deeds and also puts forward actions that will make improvements to trust deeds and similar debt relief tools.

Leading the Way in Trust Deed Improvements

The ‘Protected Trust Deeds’ consultation ran from October last year to January 2012 with a view to making the current trust deed process fit for purpose, more efficient, and to ensure that the right balance is struck with regards to creditor and debtor needs. Trust Deed Scotland, as one of the most forward-thinking and ethical trust deed companies trading today, has been instrumental in ensuring their policies offer a fair and effective solution for all of their customers.

Trust Deed Scotland plans to review and revamp each of their trust deed products and policies to ensure the right level of information is available to their customers. The result will be a more efficient process, but also peace of mind for customers who may find the trust deed process confusing or daunting right now. This review sits in line perfectly with the Government’s proposals to standardise processes and to make trust deeds more accessible to those struggling with debt.

Addressing the Needs of a Nation Struggling with Debt

Minister of Energy, Enterprise and Tourism, Fergus Ewing, who is responsible for insolvency and personal debt in Scotland said: “The Scottish Government understands that by enhancing the protected trust deed process to ensure that it effectively balances the needs of indebted individuals and their creditors, it will not only assist in the financial rehabilitation of individuals but will also help strengthen Scotland’s growing economy.

“I welcome the publication of this report and anticipate that recommended measures will help ensure that this debt relief mechanism offers an effective, appropriate option to individuals struggling with debt.

“I am grateful to all those who took the time to contribute to the consultation.”

Trust Deed Scotland already has comprehensive policies and controls in place to ensure customers receive excellent service and support. A further review of their services will ensure they continue to provide the same high standards and also meet all compliance targets. Setting up a trust deed is simple and could help customers to manage their debts in a more efficient manner.

Trust Deed Scotland offers professional and sympathetic support to those struggling with problem debts. Their advisors can negotiate on behalf of customers to help reduce harassment from creditors, freeze interest rates and use disposable income more effectively.

Phone: +44 (0) 141 221 0999
E-mail: enquiries(at)trustdeedscotland(dot)uk(dot)com
Address: Trust Deed Scotland, Suite 118, 36 Washington Street, Glasgow, Scotland G3 8AZ

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Howard Jones
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