Individual Voluntary Arrangement (IVA)
Individual Voluntary Arrangement (IVA)
Consolidate your debts into one payment with the rest being written off upon completion.
Debt Management Plan (DMP)
Debt Management Plan (DMP)
An informal agreement between you and your creditors to payback your debts.
Debt Relief Order (DRO)
Debt Relief Order (DRO)
Write off your debts if you can’t afford anything towards them, subject to debt level restrictions.
Debt Arrangement Scheme (DAS)
Debt Arrangement Scheme (DAS)
An informal agreement that allows Scottish residents to repay debts in full at an affordable rate.
Bankruptcy
Bankruptcy
Relief from debt with anything you can’t afford to pay written off, however assets may be a risk.
Trust Deed
Trust Deed
A debt solution for Scottish residents, consolidate your debts into one single monthly payment.