Debt help - The next step

What is best for you depends very much on your individual circumstances. In many cases people find themselves in financial trouble because of a major change in their circumstances – loss of a job, the break-up of a relationship or a drastic change in earnings. You need to look at your situation and decide whether this is a temporary setback or whether it is likely to continue for the foreseeable future. Also, you should consider whether you can realistically expect to continue making realistic repayments until all debts are cleared.

Seeking expert help makes sense because you are likely to have little or no experience of how these problems should and can be handled. Banks, building societies, credit card issuers and loan companies will try to get you to pay as much as they can. However, you need to be realistic and expert advice can help you deal with this.

Please remember:

The information in this guide is intended to be of a general nature and does not set out to address the particular circumstances of individuals. No one should act upon the information without appropriate advice following a thorough examination of their particular situation.

• Debt Management Programme
• Individual Voluntary Arrangements
• Trust Deeds for Scottish residents
• Managed bank accounts

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