Getting the help you need with your debts
If you're worried about your debts, it's important that you don't delay getting help. The longer you leave it, the more time there is for problems to develop.
Call us on 0800 634 7694 for a chat with one of our friendly advisers. They'll talk you through all the options for tackling debt and help you decide which one best meets your needs.
In the meantime, here's a quick introduction to some of the debt solutions we provide.
Debt Arrangement Scheme (DAS)
The Debt Arrangement Scheme was introduced by the Scottish government to help people with unaffordable debt repayments. Under the Debt Arrangement Scheme you'll have your own Debt Payment Programme (DPP) - an affordable repayment plan for your unsecured debts, ensuring you also have room for your secured debts and essential living costs.
Once agreed, this will also protect you against further action from your lenders, as long as you keep up with your payments.
Learn more about DAS
A Trust Deed writes off the unsecured debt you can't afford, as long as you repay as much as you can for (normally) three years. You'll make one affordable monthly payment to us, from which we'll pass on your agreed payments to each lender.
If your Trust Deed is accepted by your lenders and becomes Protected, it will give you legal protection against further action from your lenders.
Learn more about Trust Deeds
There are a number of ways to consolidate debt. 'Debt consolidation' can be used to refer to any solution that combines your monthly debt repayments into one and makes them easier to manage.
Different types of debt consolidation work in different ways, but they are all designed to make your monthly repayments easier to manage.
Learn more about debt consolidation
Debt management plan
A debt management plan is an informal agreement between you and your lenders for affordable payments towards your unsecured debts. It works in a very similar way to DAS, but it's not legally binding.
Learn more about debt management plans
Bankruptcy is a legal process that writes off the unsecured debt you can't afford to repay, normally after a year.
Learn more about bankruptcy
LILA is not actually a solution in itself, but a route into bankruptcy for people with a low income and relatively few assets (LILA stands for Low Income, Low Asset). If your lenders haven't yet started legal recovery action regarding your debts but you don't qualify for any other debt solutions, LILA could help ensure you still get the help you need.
Learn more about LILA
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