Debt Management Scotland – Ethical Scottish Debt Advice

Debt Management Scotland
Scottish Debt Advice Protected Trust Deeds Clear Up To 90% of your unsecured debt*

Home Symbol Debt Arrangement Scheme Government created Debt Management in Scotland

Pound Symbol Sequestration The Scottish equivalent of Bankruptcy

Handshake Symbol Debt Consolidation Loan In some situations, you may be able to consolidate debts

Try our NEW Debt Management Scotland tool to find a solution for you »

Unsecured DebtsThis includes unsecured loans, credit cards, council tax arrears, bank overdrafts etc.

Note - student loans cannot be included in a Trust Deed. Net IncomeThis is your monthly take home pay including any other income

Example
Take home pay £1200
Child tax credit £200
Total net income £1400 ExpenditureThis includes all rent or mortgage payments and all other fixed outgoings that you pay each month.

Excluding your payments for your unsecured debt. Nearest CityWe have a network of Trust Deed providers throughout Scotland

Your location will help us recommend the best providers.
Which Debt Management Option suits me?

This depends on YOUR circumstances. Requesting debt advice is a big step and one that you should not feel pushed into to. Trust Deed Scotland only gives ethical Scottish Debt Advice and so should anyone else who you may speak to. Consider also that you can get free, impartial help from your local authority or Citizen Advice Scotland.

If you are in financial difficulties, you may be feeling vulnerable, frightened and stressed out.

Worried about your future?

If this sounds like you, the comforting news as that you are not alone. Many thousands of Scottish residents are seeking to resolve their unsecured debts and get their lives back on track by using one of the following established personal debt remedies.

Why a Protected Trust Deed?

Protected Trust Deeds write off up to 90% of your unsecured debts and allow you to be free from financial difficulties within a typical period of 36 months. Furthermore, payment is set at what you can realistically afford. PTDs may not be suitable for some homeowners and further restrictions apply. See What is a Trust Deed?

Why choose a Debt Arrangement Scheme?

A DAS is a government created Debt Management tool that is used only in Scotland that like a PTD, allows you to legally freeze creditor interest and charges and keep your home. Once approved you will repay an agreed affordable amount and have a fixed date to work towards. See Debt Arrangement Scheme for more information.

I don't want to declare myself Bankrupt with Sequestration!

The stigma of Bankruptcy is lifting as more and more Scottish residents use this option to clear their debts. Always regarded as the last resort solution but consider this method when you have insurmountable debts that you can never realistically repay within a reasonable timeframe.

The Debt Consolidation Loan is the ONLY answer for me

If you are fortunate enough to be eligible for a debt consolidation loan, you can consolidate your credit cards, bank overdrafts, store cards and personal loan debts into one monthly payment with a loan. As an ethical Scottish debt advice provider, Trust Deed Scotland does urge caution when considering this method as you could end up in a worse financial position and they are almost always secured against a property and normally do not carry favourable interest rates.

* Write off up to 90% - only unsecured debt, excluding IP fees.

Considerations when seeking Scottish Debt Advice

CAS and your local authority offer free, impartial debt counselling services. Any reputable commercial company should also give balanced, ethical debt advice but crucially this advice should be based on YOUR circumstances and offered without obligation.

Research any company who you intend to approach for your Scottish debt solution as there tends to be a difference in quality between firms. Trust Deed Scotland only work with leading companies.

When weighing up DAS vs. PTD consider that if you are a homeowner, how much equity you have. You may have too much equity to commit to a trust deed.

Failure to keep up the repayment of your trust deed could result in you being sequestrated.

The average DAS has been estimated at over 100 months. Can you realistically afford to repay debt over such an extensive period? Failure to keep up the payment terms of your DPP could leave you once again liable for creditor charges and interest.

Any form of debt management in Scotland will have an impact on your credit history.

For a confidential discussion, or even just an informal chat about what options are open – call us on 0141 221 0999 or complete the on-page enquiry form.