Debt Solutions Scotland - What Options Are Open To Individuals Struggling with Debt in Scotland?

Posted on Tuesday, 10 January 2012 in Debt NewsAs seen on STV, Trust Deed Scotland is a leading introducer of Trust Deeds but not everyone has heard about this form of government legislation that can be used to write off a significant amount of a person's unsecured debts and become debt free in typically 36 months.

There are also other debt solutions in Scotland such as the Debt Arrangement Scheme which also takes advantage of government legislation and allows people based in Scotland to legally freeze interest and charges.
If you have an insurmountable personal debt issue, struggle to repay your debts and owe over £10,000 you may qualify for a debt solution in Scotland such as trust deeds or a DAS.

The comforting news for those in debt is that in Scotland, there are a number of places that you can receive free debt advice from and Scottish owned and operated TrustDeedScotland.net can give you instant advice that is balanced, ethical and transparent.

In 2011 an estimated 8,000 people in Scotland used a PTD as their route to debt freedom and TrustDeedScotland.net took calls from thousands of people in need of urgent guidance, steering many people along the path to a brighter financial future.

The Debt Arrangement Scheme was introduced in 2004 and although slow to materialise into a commonly used debt solution in Scotland, the legislation behind it and greater exposure has now turned it into a popular alternative way of repaying debts in Scotland. So much so that the process has won admiration in England, Wales and Northern Ireland where there is no formal equivalent other than debt management plans.

Any debt solution that you elect to choose should be discussed with an impartial money advisor who will be able to advise on the pros and cons of all available repayment techniques. As a form of personal insolvency, you should not enter into a trust deed unless you have no other option open to you and if you do not keep up repayment you could be sequestrated (made bankrupt in Scotland.)

Your Employment Status --SELECT-- Employed Unemployed Self-Employed Retired Student Your Total Unsecured Debts --SELECT-- £1,000 £2,000 £3,000 £4,000 £5,000 £6,000 £7,000 £8,000 £9,000 £10,000 £11,000 £12,000 £13,000 £14,000 £15,000 £16,000 £17,000 £18,000 £19,000 £20,000 £21,000 £22,000 £23,000 £24,000 £25,000 £26,000 £27,000 £28,000 £29,000 £30,000 £31,000 £32,000 £33,000 £34,000 £35,000 £36,000 £37,000 £38,000 £39,000 £40,000 £41,000 £42,000 £43,000 £44,000 £45,000 £46,000 £47,000 £48,000 £49,000 £50,000 £51,000 £52,000 £53,000 £54,000 £55,000 Over £55,000 This includes unsecured loans, credit cards, council tax arrears, bank overdrafts etc.

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

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

Excluding your payments for your unsecured debt. Are You A Homeowner? --SELECT-- Yes No

(Homeowners) Estimated Equity None Don't Know 5000-10000 11000-20000 21000-30000 31000-40000 50000+ Equity Example:
Mortgage - 72k
House Value - 80k
Your Equity - £8000

Dont worry if you don't know your equity.
Just call us on 0141 221 0999

Your Nearest City --SELECT-- Glasgow Edinburgh Stirling Perth Dundee Aberdeen Inverness We have a network of Trust Deed providers throughout Scotland

Your location will help us recommend the best providers.

Title --SELECT-- Mr Ms Miss Mrs Other First Name Last Name Email Address Phone Number Why Do We Need Your Phone Number?

Although you will get an instant quote indication, we still need to contact you to get more detailed information regarding your financial circumstances.
All calls confidential.

Your privacy is important to us. Your Details are held in the strictest of confidence and we will only request information required to find your best solution. Your details will NOT be shared with third parties.

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