Types Of Debt In Scotland

Debt is often described in negative terms. But borrowing money, or ‘taking on debt’, isn’t necessarily a bad thing. Manageable debts, that you can comfortably pay back over an agreed period, are often necessary in order to take that next step in life.

It’s only when debt repayments become unmanageable or unaffordable that debt becomes a problem.

Find the Scottish Debt Solution For you

Do you qualify to reduce your debts?

Our Scottish Debt Solutions guide will give you all the starting information you need in order to make an informed initial decision.

However, should you want to pursue any Scottish Debt Solution, we recommend having a free, confidential chat with one of our DAS Scotland experienced advisors.

Debt Level

Amount of debt you have
Unsecured debts such as: Credit Cards, Council Tax Arrears, Store Cards, Catalogues, Personal Loans, Bank Overdrafts. Credit Unions, Mortgage Shortfalls, Car Finance, HMRC Bills
£1,000 £50,000
Amount you can afford each month
All debt solutions are based on your affordability to repay each month
50 Per Month800 Per Month

Trust Deeds

In a Trust Deed, you make a single monthly instalment towards your unsecured debts. This is based on your income and expenditure, so is tailored to be affordable for your circumstances. You usually make…


DAS Scotland

The Debt Arrangement Scotland was introduced to Scottish law in 2004. There is no equivalent solution is currently available to people living in England, Wales or Northern Ireland. DAS protects…


Sequestration is the Scottish equivalent to bankruptcy, and is, similarly, usually used as a last resort for dealing with unmanageable debt. During sequestration, a licensed Insolvency Practitioner takes control…

Debt Consolidation Loan

A homeowner debt consolidation loan is secured against a property in order to repay other debts in full. For example, you might owe money on two credit cards, two unsecured loans, and one payday loan…


Debt Management Plan

A Debt Management Plan (DMP) is a revised repayment plan agreed between you and your creditors. You can negotiate this new repayment plan with your creditors yourself, hire a private firm to organise it…

Minimal Asset Process Sequestration

Minimal Asset Process is a form of Sequestration in Scotland and is usually considered a last resort for people who have a low income are unable to pay off their debts…