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.
To qualify for a Protected Trust Deed, you must apply through an insolvency practitioner . You must also have at least £5,000 of debt, which you are unable to repay within four years on a reasonable budget. CAP doesn’t offer Protected Trust Deeds so if you wanted to have one, we would need to refer you to someone else.