Debt Free Advice

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Each year, thousands of people throughout Scotland are faced with the prospect of owing huge amounts of money to companies and creditors that they simply won’t ever be able to reasonably pay back. Spiralling interest rates and unrelenting charges can quickly force debtors into a situation where the amount coming in is significantly less than what is required to satisfy lenders.

Although these circumstances often make it seem as if there is no way out, the great news is that our fully trained debt solution experts are on hand to help in a polite, professional and courteous manner. After completing our Free Debt Review, we can then begin the process of helping you to alleviate the daily stresses of debt and get you back on the road to financial freedom.

What Is Sequestration?
Sequestration is specific to Scottish law and, in normal circumstances, will leave you debt free within 12 months although the exact timescales vary from case to case. As a form of personal bankruptcy, sequestration is a big step to take but can often be the most sensible resolution if the debt is insurmountable.

For many, sequestration is seen as the final option as any sizeable assets you have will be used to part-pay creditors and take care of any fees in relation to the case. We will discuss the merits of a Trust Deed with you if we feel that you can contribute an acceptable amount each month to your lenders, however the final decision will always rest with you.

Although sequestration is a big step for someone to take, there are a number of extremely welcome benefits to this service, not least the immediate relief felt by finally ridding yourself of a hefty financial burden. You will no longer have to live in fear of legal action from creditors and you will be free from debt in a relatively short space of time just by keeping up to date with one regular, affordable monthly payment.

Advantages Disadvantages
  • In most cases, the vast majority of debt is completely written off
  • Multiple creditor payments are reduced into one monthly amount which you can afford
  • Additional charges such as interest immediately cease and further legal action is prevented
  • Payments following a sequestration order will usually last for no longer than three years
  • Specifically created by the government to assist those in overwhelming debt
  • Creditors are forced to accept the terms of the sequestration as a legally binding court order
  • Sizeable assets such as cars and houses used towards payments of balances
  • As a result of being placed on the insolvency register, your credit rating will be detrimentally affected
  • You may be denied access to certain types of bank account or have your existing account closed
  • Due to court arrangements and registration as insolvent, fees may apply
  • Sequestration can result in financial restrictions for a long period of time
  • Only available to customers bound by Scottish Law (alternatively see Bankruptcy)

Is Sequestration Right For Me?
Sequestration is only applicable to those living in Scotland and your suitability for this option will depend on your individual circumstances. This may not be the only viable route for your financial concerns, so get in touch with one of our professional consultants for your no-obligation Free Debt Review and help us to help you get free from debt!



Personal Loans
Credit Cards
Payday Loans
Store cards
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 >>

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


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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