When choosing a Scottish debt solution, you need to be aware of the various factors that are at play in determining which solution would be best. While many people have a very basic understanding of these factors, few realize just how important they are and how much of an affect they can have on debt solutions.


Total Debt and Monthly Disposable Income

To begin with, your total debt as well as your monthly disposable income are intertwined in more ways than one. Although you may be struggling with a mountain of interest payments, it is safe to say that under the majority of debt solutions the interest on the debt would be frozen for that period of time – so your total debt will essentially be static.

The key question here though is whether or not your monthly disposable income is sufficient to furnish that debt within a reasonable period of time. If it is not then you might need to resort to trust deeds or even insolvency, but if it is then a Scottish Debt Arrangement Scheme may suffice.



For certain types of debt solutions, your other assets may become part of the arrangement which can be particularly problematic if it involves your house or car. In most situations you’ll be able to negotiate to keep both of these, but it is worth bearing in mind that this is one factor that you’ll need to look into.

On the plus side, if you do own assets such as a house then taking out a mortgage on it could help to pay off a large chunk of your debt and reduce the total considerably.

As you should be starting to realize, getting out of debt isn’t easy and with so many options available and so many factors to consider it can be hard to determine which one is best. That is why debt help Scotland services may be the best option – as you can get advice from experts and professionals who have the necessary experience and will help you to plan out the best way to handle your debt once and for all.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Post Navigation