A Protected Trust Deed is a legally binding agreement between you and your creditors. You make regular payments for a fixed time, after which balances remaining are considered satisfied (written off). CAP can check if this is a suitable option for you.
Please note, this option is only available to those living in Scotland.
To qualify for a Protected Trust Deed, you must apply through an approved money adviser (such as CAP). You must also have at least £5,000 of debt which you are unable to repay, (a) beyond a reasonable budget and (b) within a reasonable time period (a Trust Deed runs for a minimum of four years).