UK Debt Solutions FAQs

Debt Arrangement Scheme

What Is The Purpose of a Trust Deed?

The main purpose of a Trust Deed is to take all of your unsecured debt, calculate how much of it can be paid within a 4 year period at an affordable rate and write off the remaining balance. Leaving you debt free. To find out more, take a look at our Trust Deed page.

Adminisration Order 2

What Are Minimal Assets?

In Scotland, when talking about minimal assets, it is usually referring to MAP (Minimal Asset Process). MAP is a Scottish debt solution that allows people with low incomes and few to no assets, to have debt written off.   To find out more, take a look at our Minimal Asset Process page.

Debt Solution UK

How Do I Write Debt Off in Scotland?

In Scotland, there are a number of debt solutions that involve portions of debt being written off. The debt solutions that are available in Scotland that involve debt being written off are:   Trust Deed Sequestration Minimal Asset Process   Click on the links to find out more.

Debt Relief Order

Are IVAs Worth It?

It is important to remember that lenders base their entire business model on granting loans to people, so they can make money from the interest. So, if you have had a Debt Consolidation Loan application declined, there must be a reason. Read on to find out what the most common reasons are for a declined …

Are IVAs Worth It? Read More »

Debt Arrangement Scheme

Is an IVA a Bad Idea?

Whether an IVA is a good or bad idea is largely dependent on your financial circumstances. Of course, every debt solution is going to have its advantages and disadvantages. These need to be considered and weighed up so that you can make an informed choice. In order to find out about the benefits and and …

Is an IVA a Bad Idea? Read More »

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