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DEBT SOLUTIONS EXCLUSIVE TO SCOTLAND

The importance of receiving professional advice from a debt solution expert has never been as essential as it is today. With various different laws covering England and Scotland, it can be a real minefield trying to find the best solution to fit in line with your eligibility. Wherever you’re from in the UK, our Free Debt Review will help us to understand your circumstances and give you the opportunity to start exploring some of the options you have available. We have teams of fully trained staff who can offer specialist help for those looking for debt solutions in Scotland.

What Are My Options as a Scottish Resident?
Once your debt review has been completed we can begin to take a look through the choices which are most suitable for your needs. There are several options, including Debt Management Plans, which are available to peoplethroughoutScotland and the rest of the United Kingdom. However, the following plans are exclusively for use by Scottish residents only:

Trust Deed
Open to those owing over £10,000, you could be free from debt in three years with just one simple monthly payment.

Sequestration
For those who have debts that they simply cannot pay, sequestration (also known as personal bankruptcy) can offer a fresh start with some or all of your debts completely written off.

Low Income Low Asset (LILA)
An accessible route to bankruptcy for those with assets valued at less than £10,000 and earn no more than the equivalent to 40 hours work per week on the current minimum wage.

Debt Arrangement Scheme (DAS)
A government-run debt management solution which aims to repay the full amount owed in affordable monthly payments without putting your assets or legal status at risk.

Which Option Is Best For Me?
In order for us to be able to assist you with this vitally important decision, we must first assess your personal circumstances with you by way of our Free Debt Review. There are many variables between each option and there may be some instances where you simply don’t qualify due to outside factors.

If you have any questions at all regarding debt solutions for Scottish clients, then please don’t hesitate to get in touch with one of our debt solution advisers and we’ll do everything we can to help you get back to financial freedom!

 

IN JUST 24 HOURS WE CAN BE DEALING WITH ALL YOUR DEBTS

Personal Loans
Credit Cards
Overdrafts
Payday Loans
Store cards
Catalogues
Doorstop loans
HM Revenue
Custom Debts
Council Tax Arrears
Utility Bills
   


When people are struggling with debt it's more important then ever that they have access to effective advice. We work with partners to make debt advice easier and quicker to access, and to improve standards and quality across the sector.

Visit the Money Advice Service website for further info >>

OUR SERVICES
Free No Obligation Debt Reviews
Debt Management Plans
Individual Voluntary Arrangements
Trust Deeds/Sequestration
Bankruptcy Service
Debt Solutions for Scottish Clients
Repossesion/Eviction Advice
Self-Help Budgeting Advice

 



USEFUL LINKS
www.bis.gov.uk/insolvency/Publications
www.moneyadviceservice.org.uk
www.citizensadvice.org.uk
CONTACT US
Email: feedback@debtfreeadvice.co.uk
Call Us: 0800 781 7615
 

IMPORTANT INFORMATION: Debt solutions subject to conditions and acceptance. Your ability to obtain credit will be affected in the short term and may also be affected in the medium to long term. Paying a lower amount each month may increase the time taken to repay the debt. The total amount our client's repay towards their debts may increase on certain debt solutions. If you enter into an individual voluntary arrangement (IVA), a debt relief order (DRO), a protected trust deed or becoming bankrupt the details will be recorded in the Insolvency Register.

* The free debt review consists of a detailed telephone interview with one of our Personal Finance Advisors who are experts in giving debt and money advice, and are regulated by the Financial Conduct Authority (FCA). This is completely free of charge, with no obligation, and you will be given a detailed breakdown of what your options are. If you chose to take one of the solutions offered to you by one of our chosen partners, there may be fees included. However you will be made aware of those before you contract in to any agreement, and you will be given plenty of time to think about what you want to do before making a decision. At no stage are you under any obligation and you are always protected by your consumer rights.
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