Scottish debt solutions: benefits and considerations
Scotland has its own debt solutions, including Trust Deeds and the Debt Arrangement Scheme (DAS). We can explain which of them may suit your situation.
Potential benefits
- ✓A Protected Trust Deed may write off qualifying debt
- ✓DAS can protect you from creditor action while you repay in full
- ✓Sequestration may discharge qualifying debts
Important considerations
- Trust Deeds include fees, affect credit and may put assets or home equity at risk
- DAS can last many years and missed payments may end its protections
- Sequestration is public, affects credit and may involve assets, income contributions and work restrictions
Find the right Scottish debt solution
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Why do we ask this?
Your total debt amount helps us match you with solutions designed for your level of borrowing.
Clear Debt Help is a lead generator, not a debt solution provider. If you submit your details and give consent, we pass them to third-party partner firms that provide debt solutions. We may receive a fee from a partner for the introduction. If you enter a debt solution, fees may apply and will be explained by the provider before you proceed.
To find out more about managing your money and getting independent support, visit Money Helper, an independent service set up to help people manage their money.