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Debts that can be included in a trust deed

You can include any unsecured debt such as:

  • bank account overdrafts
  • buy now, pay later credit
  • credit cards
  • missed payments (‘arrears’) for utilities, rent or council tax
  • payday loans
  • personal loans
  • store cards
  • unsecured car finance

Debts not written off

The following debts can be included in a trust deed but will not be written off at the end:

  • court fines
  • personal injury payments a court has told you to pay someone
  • secured loans (for example, mortgage arrears)
  • student loans

These creditors will get a payment from the trust deed but you will continue paying these debts at the end of the trust deed.

Ongoing payments

You cannot include ongoing payments in a trust deed. This means things like:

  • council tax bills
  • child maintenance payments
  • insurance payments
  • rent or mortgage
  • utility bills such as gas, electricity and phone

You need to keep paying these separate to your trust deed.

You can include missed payments (‘arrears’). But only if the missed payment happened before your trust deed was signed.

Joint debts

If you share a debt with someone else and you sign a trust deed, the other person will become responsible for making payments towards the debt.

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