When looking for help with unaffordable debts in Scotland, and you have unsecured debts over £5,000 – You can find out more about Trust Deeds and whether one may be right for you.
The Debt Arrangement Scheme is a solution for many people in Scotland also and is possible for those with debt levels below £5,000 and above £5,000 as well
For those with the most severe financial difficulties in Scotland – the Minimal Asset Process is an option for those who are facing Sequestration but have either no income or a low income. In addition, they have little, or no assets.
In order to make a decision on the right Scottish debt solution for you, we would always recommend talking to a qualified money advisor.
You may not need help with unaffordable debts in Scotland when you have one or two individuals debts, and you haven’t missed any payments and it’s possible that the creditors can be contacted with a simple self-negotiated debt repayment plan.
However, if you feel your debts have become unaffordable then these questions may help you drive your decision.
- Are you being harassed by creditors?
- Can you no longer afford to pay any more than the minimum payments?
- Are you missing payments to priority bills in favour of your non-priority bills?
- Have you exhausted all other realistic means of paying back your debts?
If you have answered yes to most of these questions, then it’s likely that you are going to need more formal help with your unaffordable debts. Call us on 0141 221 0999 or find out if you qualify for debt help.
Help with unaffordable debts in Scotland and inspirational stories
Some people may put off getting help with unaffordable debts in Scotland due to the stigma attached to having debt, and feelings of shame and embarrassment. In our debt advice reviews, we hear many positive comments from our clients, who speak warmly about the friendly, non-judgemental advice that they receive from our advisors.
In August 2020, K McDonald wrote “Soreena has been amazing. Never judged me and have helped out so much. For the first time in many months, I’ve been able to have a full night’s sleep. I can’t thank her enough for all her help”
Another client, Neil, who reviewed us and gave us a 5/5 rating and wrote “A very friendly, experienced company who helped myself out with financial difficulty. Trish was excellent, non-judgemental, and put my mind at ease all the way through the process. Highly recommend to anyone whos feeling the pressures of financial strain.”
Briony wrote a review saying “Vicky was amazing! Such a weight off my shoulders, I have been worrying about my debts for a while and was taken through my options when I decided what would be the right decision for me I was helped through it all She was so understanding and polite amazing service.”
Kristopher wrote a review saying “At a very difficult time they gave great advice and made a very hard embarrassing phone call easier and my advisor Matthew stayed in touch with me every day to keep me updated.”
Holly, writing a review about our advisor Jacqueline commented “Lady that assisted me was very helpful and easy to talk to would highly recommend this company.”
Whenever we speak to or clients, we encourage them to have a look through our reviews when they are seeking help with unaffordable debts in Scotland.
Not only are we proud to say that we’re the No.1 rated company in the debt relief service category of Trustpilot but also it helps people to understand that they are not alone, not only in a sense that we’re here for them at the other end of a phone, but also that many other people were going through the exact same rollercoaster of emotions; stress, depression and anxiety and have since come out the other end saying things like they feel a weight from their shoulders, or that they can sleep at night.
For life after debt, trust us.
If you do something about your debt today, you can stop worrying about it tomorrow. Call 0141 221 0999 to get started, or try our online debt repayment calculator tool, also known as the Trust Deed Wizard®.