Apply for and submit applications for a Debt Management Plan or IVA
If you live in Scotland, there are different debt solutions available to help those in financial difficulty. These include trust deeds, debt arrangement schemes and sequestration, as well as other common debt management plans.
If you’re in financial difficulty and struggling with sheriff officers, mortgage arrears, payday loans, credit card debt and so on, finding the right debt solution is essential. The right debt solution will be dependent on your individual circumstances.
The debt arrangement scheme (DAS) is an option if you have sufficient funds to make regular payments and don’t want to sell your home. It may also be appropriate if your job is affected by other debt options.
A trust deed is a type of personal insolvency, with a formal agreement made between you and your creditors. They are an alternative to sequestration if you find yourself unable to pay back large unsecured debts.
Sequestration - or Scottish bankruptcy - is a debt solution that can help you write off unsecured debts. It is intended to be a last resort when you are genuinely unable to settle your debts.
Having a debt report compiled of your incomings and outgoings will help you decide which debt solution is the most appropriate for you and your financial situation.
If we find that you are eligible for a debt relief order, we will be able to refer you to our partner for your application to be processed. For residents of Northern Ireland there is a fee of ÂŁ90 which must be paid before the application is submitted; for residents of England & Wales, there is no fee to pay. If we find that a DRO is not suitable for you, then we will look into other debt solutions that suit your current circumstances.
If you’re struggling to make repayments on unsecured or secured debts, it may be beneficial to seek impartial debt advice and guidance to help you regain control of your finances so you can start enjoying life once again.
Credit Cards
Payday Loans
Store Cards
Overdrafts
Personal Loans
Lines of Credit
Business Debt
Catalogues
There are different debt solutions available and it depends on your personal circumstances as to which would be the best route for you. For further help and advice, get in touch with us today.
Personal Loans
Lines of Credit
Court Fines
TV-license Arrears
Student Loans
Lines of Credit
Social-fund Loans
Rent Arrears
Fresh Start UK has helped more than 12,000 people gain control of their finances and be debt-free. If you’re struggling with debt and finding it tough to keep up with your bills, speak to an adviser today.
Online Debt AdviceA DPP is more flexible than some options and you can apply for payment breaks
Once your DPP is complete, your debts are paid in full
Legally binding, offering protection from creditors
Fees for the DPP are covered by the payments you make
Your credit rating will be impacted for six years
If you fail to maintain payments, you could be subject to further action, interest and charges
Your DPP will appear on the public register
Your DPP is subject to approval
Money Helper has replaced the Money Advice Service and brings together the support and services of three government-backed financial guidance providers: the Money Advice Service, the Pensions Advisory Service and Pension Wise.