Opening Hours: Mon – Fri 9am – 8pm

Debt Solutions Scotland

  • Administrative order

    An administrative order is a legal debt settlement agreement that sets out a repayment plan. This form of debt solution will consider the income you have remaining after your essential bills and living expenses have been accounted for.

    Read more
  • Arranging payment with creditors

    If you’ve fallen behind with your repayments, you may be able to come to a debt settlement repayment agreement with your creditors. You can make a debt settlement proposal by phone, email or letter, but however you contact them, you’ll need to put forward an offer as to how much you can repay.

    Read more
  • Breathing Space Scheme

    The Breathing Space Scheme provides protection from further interest, charges and enforcement action on debt problems for a period of 42 days, while debtors seek advice.

    Read more
  • Debt Arrangement Scheme (DAS)

    The Debt Arrangement Scheme (DAS Scheme) is a debt assistance tool managed by the Scottish Government. A debt payment programme (DPP) acts as an official tool to allow you to repay your debts over a reasonable time frame, in affordable repayment amounts.

    Read more
  • Debt Consolidation

    Consolidating debts usually involves taking out new lines of credit to combine and repay your existing debt, using a personal loan or credit card, for example. If you consider this debt solution, you may want to seek advice from debt experts to find the right forms of lending and the correct debt consolidation approach.

    Read more
  • Debt Management Plan (DMP)

    A Debt Management Plan (DMP) is a debt solution with a repayment schedule that fits in with your income and expenditure.

    Read more
  • Equity release

    Equity release is an alternative to remortgaging for those aged 55 and over. Choosing an equity release from among your possible debt solutions can act as debt consolidation.

    Read more
  • Government Debt Advice

    The four core government debt advice solutions, as listed on the Gov.UK website, include Debt Management Plan, Administration Order, Individual Voluntary Arrangement, Debt Relief Order or Bankruptcy Order

    Read more
  • Government Debt Help

    Searching for Government debt help? Like one of the many indebted Brits out there, you may have hoped that the Government provides some form of free debt solution.

    Read more
  • Government Debt Management

    As many as 8.3 million Brits are currently unable to repay their debts – a figure that includes credit card debt which has surged by 8.1% over the past 12 months. Reassuringly, however, those in the UK enjoy some of the widest range of Government debt management schemes in the world. 

    Read more
  • Government IVA

    A Government IVA could provide you with the promise of a debt-free future. Here’s everything you need to know.

    Read more
  • Insolvency

    Insolvency simply means that you’re unable to repay your debts at the required time.

    Read more
  • IVA Register

    What is an IVA Register UK? The IVA Register only applies to those in Northern Ireland. However, IVA Register is an often-used term when people mean to refer to the Insolvency Register.

    Read more
  • Minimal Assets Process (MAP)

    The Minimal Asset Process (MAP) is a form of unsecured bad debt help available to debtors in Scotland who have a low income, with no money left over following the payment of essential living costs (e.g. your rent, utilities and council tax).

    Read more
  • Remortgaging

    A remortgage is where you take out a new mortgage on a property that you own. The new mortgage either replaces an existing mortgage or (where the property is 100% owned) allows you to borrow funds against the property.

    Read more
  • Selling assets

    If you have debt problems that are significant, or where you’re facing spiralling charges and interest, it may make sense to sell your assets to repay your debts – whether in part or in full.

    Read more
  • Sequestration Scotland (SCOTTISH BANKRUPTCY)

    Sequestration is the official term for bankruptcy in Scotland. Sequestration Order is a type of insolvency suitable if you’re dealing with debts that you would not be able to repay within a reasonable amount of time.

    Read more
  • Settlement offer to creditors

    Debt settlement involves a lump sum of cash that is used to repay your creditors. The process involves negotiating ‘full and final settlements’ from those you’ve borrowed from.

    Read more
  • Surrendering property

    If you can no longer maintain the payments on your mortgage, you should contact your mortgage lender in the first instance to inform them of the situation, asking for help in selling your property. Prior to this, you may want to talk with debt advisors from a longstanding debt agency, as they may be able to provide housing advice.

    Read more
  • Temporary repayment plan

    If you reach a point where you can no longer repay your debts, whether owing to the total you now owe or if your situation changes, you could be able to organise a temporary repayment plan.

    Read more
  • Trust deed

    A Trust Deed is a legally binding debt solution in Scotland (equivalent to an Individual Voluntary Agreement in the remainder of the UK). The debt settlement agreement sets out affordable repayments which are made over a period of 4 years, after which time your remaining debts will be written off.

    Read more

*An Individual Voluntary Arrangement (‘IVA’) is subject to the customer meeting qualifying criteria and gaining creditor acceptance. Monthly IVA payments include fees and may differ to the example provided, based on the assessment made of your own personal circumstances – these fees will be clearly explained to you in writing by your IVA company. Debt write off amounts are subject to creditor acceptance and vary by individual customer based on their own financial circumstances, and are applied upon successful IVA completion.

Substantiation example, Someone owes £60,000, they pay £100 over 60 months which equals £6000, write off amount would be £54,000 which is 90% of total debt level. Upon submitting your details on this website we will pass your details to one of our approved partners as this website does not give any advice.

Free debt counseling, debt adjusting and credit information services are available from the Money Advice Service.

National Debt Help
How we use cookies   X