Get Help Becoming Debt-Free
If you are currently struggling with debt we may be able to help you get back on track. Reduce your debt to affordable monthly payments and potentially write off unaffordable debts. Possible solutions include:
Individual Voluntary Agreement (IVA) – an agreement with your creditors to pay all or part of your debts. This is where a person agrees to make regular payments to an Insolvency Practitioner, who then divides the money between the person’s creditors. This option gives people more control over their assets than bankruptcy.
Debt Management Plan (DMP) – The difference between a DMP and an IVA is that with a DMP, all outstanding debt is repaid. It’s a much more informal solution and therefore, there is no guarantee that interest and charges will be frozen by creditors. It’s also true that creditors can still pursue legal action, whereas, with a legally binding IVA, no changes can be made to an approved agreement.
Bankruptcy – Bankruptcy presents the opportunity to clear debts and go for a ‘fresh start’ but there are many consequences which must be considered before declaring bankruptcy. Citizen’s Advice covers this in more detail, including timelines, checklists, costs, and implications at.
Debt Relief Order (DRO) – This presents people with a way of dealing with their debts if they can’t afford to pay them. It is usually granted for 12 months and means a person doesn’t have to pay certain types of debts during that period of time. AN authorised debt advisor, who acts as the intermediary is the only route available for people looking to obtain a DRO.
Scottish Protected Trust Deed (TD) – A Protected Trust Deed is only available to residents of Scotland and presents an opportunity for people to remain in possession of their home (in most cases). This formal but voluntary agreement is overseen by the Accountant in Bankruptcy.
Scottish Debt Arrangement Scheme (DAS) – This scheme was set up by the Scottish Government to allow people an opportunity to pay back their debts without the threat of court action. The DAS presents people with a manageable way of paying back their debts and is eligible for application from people with any amount of debt. Scottish Debt Arrangement Scheme (DAS) information about applying for a DAS.
All enquiries are completely confidential and you are under no obligation to use any of the services discussed. Any fees associated with any product you choose will be explained in detail.
Your own dedicated point of contact
Support from an expert team with 100+ years of combined experience
Clear assistance every step of the way with a non-judgemental, private and confidential approach
How We Help
We pass your details to our debt advisor partner who then contacts you. You’ll be assigned a dedicated point of contact, someone who will take the time to understand your personal situation. Nobody’s finances are the same, and everyone prioritises differently, so it’s important to understand your individual circumstances.
It’s not just about figures on a page, but how every aspect of your life is being impacted by your situation.
In some cases, it’ll be about changing your habits. Tightening the belt here, stricter money management there, and you might find this takes away a lot of the pressure. Our partner can help identify these little changes that could make a big difference.
We do not provide debt counselling or offer recommendations. We only provide you with information on all relevant debt solutions that may be available for you to make an informed choice based on your circumstances. If you wish to pursue a particular debt solution you will be put in contact with someone to progress your application further. Fill in our form to see if we can help.
You won’t be charged a fee for providing you with information to help you decide on an appropriate debt solution. You may be charged a fee should you choose one of the products available to you. Any fees associated with your choice will be explained in detail.