Debt Management Scotland

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Reduce your debts quickly
Protect your family
No more embarassing phone calls
Protection from your creditors
No more threatening letters

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A Real Life example of how our services changed
one customer's life for the better...

Mr A. of Guildford contacted us in October 2006. He was at his wit's end. Having purchased his home earlier that year, he had no equity to borrow against, and the mounting costs of his new home and supporting his wife and two young children had quickly put him £50,000 into debt.

His monthly minimum payments were over £900, and even at this level he was only repaying the interest each month - the original debt was not even reducing. After his mortgage and these payments, there was barely enough left for his family to live on.

Gradually things got worse. Mr. A. started to miss payments on his credit cards and mortgage - his wife was concerned that they were going to have their beautiful new home repossessed by the building society. She saw one of our adverts and begged him to take action before it was too late.

Our professional qualified advisors arranged an Individual Voluntary Arrangement (IVA) for Mr.A which meant that his debts could be repaid at £325.83 per month, payable over 5 years. Now he will repay a total of £19,549.80, instead of the £50,000 plus interest that he owed. Over the 5 years, that's a saving of over £84,000! Yes, just by talking to us, Mr. A saved over eighty four thousand pounds.

Mr. A and his family are now more relaxed and confident that they have enough money to pay their mortgage and enjoy the good things in life. And best of all, in 5 years, they will be 100% debt free.

Superior Debt Management Options are in Scotland

Are you a Scottish person in deep debt? Are you ignoring phone calls from debt collectors? If the residents of Wales and England have IVAs (Individual Voluntary Arrangements), residents of Scotland have Debt Consolidations and Trust Deeds as their options for getting out of debt.

Many times, debt cannot be avoided when you’re trying to make ends meet. But there are certain situations when debt has become too overwhelming and grows beyond control. In these cases, you would need the help of third party professional experts to pull you through.

So for debt management, Scotland residents truly have a need to stop harassing phone calls and letters in their home. They want confidentiality and personalized service too. They know that managing their debt will truly release worry and stress.

Debt Consolidation

The people in Scotland can use debt consolidation to settle their current debts. As a result, they will only have one payment amount and one due date every month. Compared to having multiple amounts and due dates to juggle, this option can truly make life simple and easier to live with.

Of course you will still be in debt even if you consolidate your loans into one. However, you can easily manage it and slowly get out of it now. At the very least, you will be saved from filing bankruptcy which has negative long-term side effects on your financial future.

There are various lenders and financial institutions that offer debt management. Scotland residents can even use the internet to find debt consolidation opportunities that they can take advantage of.

Trust Deed

Another option that you could do is to apply for a Trust Deed. It has a fixed repayment period of not more than 36 months, so you will have an exact date on when your debt will end. Assuming that you adhere to the conditions and terms of the Trust Deed and make all your repayments on time, you will be assured that your creditors will write off all outstanding debts.

Trust Deeds are legally binding. Therefore, your creditors cannot demand an increase in your monthly payment once the agreement has been made. They are also prohibited to start or continue with court proceedings as part of the guarantee.

For professionals, ultimate discretion is needed whilst dealing with huge debts. So if you don’t want to damage your career and your prospective job applications in the future, you should consider entering into a Trust Deed agreement. When it comes to debt management, Scotland residents are fortunate because this kind of option is available to them. GP

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