Write Off Unaffordable Unsecured Debts
With A Scottish Trust Deed...
Alternative Debt Solutions
It’s a sad fact that more and more people are struggling with debt, particularly at a time when everyone is feeling the pinch. At Simple Financial Solutions we are experienced at helping people with their debt problems and can present the best options available to you.
Simple Financial Solutions do not charge for debt advice but we do charge for any services we provide in relation to debt solutions including:
Scottish Debt Management
Scottish Debt Management is an informal arrangement between you and your creditors to repay your debts at a reduced rate. It is mainly used a temporary measure, i.e. if you have been made redundant from your job and you need a little breathing space until you find a new one.
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Unlike Debt Management, an IVa is a FORMAL arrangement between you and your creditors. It is legally binding and allows you to repay only what you can afford over a 60 month period (5 Years). Any remaining debt left over after the period is legally writen off.
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For some of us bankruptcy is the only option. The process is relatively simple and not as daunting as you may think.
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Sequestration is the Scottish form of bankruptcy.
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We list our fees ofr each product here. To discuss which route may best suit your circumstances call us on 0800 043 2027 to speak to one of our specialist advisors.
Free Debt Advice Services
The Money Advice Service is an independent service set up by the government to help people manage their money. If you would like to look at alternatives to Simple Financial Solutions, The Money Advice Service provides details of organisations that provide free debt advice and services. Click here for more infromation.