An alternative to bankruptcy if you have a low income and few assets. Cheaper than bankruptcy and you don't have to go to court.
Pay only what you can afford towards your debts each month. Leave yourself enough money left over to get on with your life and let us deal with your unsecured creditors on your behalf.
Creditors agree for you to repay as much as you can afford, usually for 5 years after which the remaining debt within the IVA is written off.
Repay as much as you can, typically for 4 years, and get protected from your creditors. The remaining debt is then written off.
For Scottish residents.
Consolidate your debts into one monthly payment, and reduce interest and charges to make your debt more manageable. Find out how it works, plus pro's and con's.
A legal debt solution for unmanageable debt. It offers protection from your lenders and writes off outstanding unsecured debts.
Debt write off for Scottish residents with major debt problems. After a period of 3 years, debts are written off.
A Debt Arrangement Scheme (DAS) can help make your unsecured debt repayments more affordable. For Scottish residents.
Help to reduce expensive or rising energy bills and other household utility bills including telephone and broadband.
You could save £293 a year*.
For people in Scotland with low income and low assets, there is a new debt solution. The new Minimal Asset Process bankruptcy.
Settle all or one of your debts with our Full and Final Settlement service. If you have a lump sum of money you could write off some or all of your unsecured debt.