Consolidate all of your debt. Sometimes being able to repay your debts at a lower rate, over a longer time period, is all you need to work your way out of debt.
Debt consolidation combines all your existing debts into a single consolidation loan, with reasonable repayments, freeing up your income and enabling you to spend more money on the things you really need.
Unlike in a Trust Deed, you would repay your debts in full and interest would be added to your balance but this is often lower than your existing rates and your repayments would be significantly less.
You can find out more about whether debt consolidation is right for you on our blog.
Contact an expert money advisor at Trust Deed Scotland to find out more about the debt solutions available to you. We are here to help you decide the best course of action to suit your individual needs and support you every step of the way. If you would like a fresh start, get in touch today.