Sharon McDougall - Updated - 17th May 2024 - 3 minutes to read
Because it’s highly addictive, gambling on even a small scale can turn into an addiction that takes over your life. The fact that it’s also easily accessible online now only serves to exacerbate this growing problem.
So if you recognise that gambling has become an addiction, either for yourself, a friend, or a family member, what help is available in Scotland?
If you have a gambling addiction yourself and feel comfortable speaking to your GP, they’ll refer you to a specialist who can help. You could also contact a gambling charity or group if you prefer, such as GamCare or Gamblers Anonymous, for support and understanding of your situation.
You wouldn’t need to provide any personal details in this case, but would gain vital access to counselling and therapies such as Cognitive Behavioural Therapy, which could help you deal with the addiction.
Speaking to others in the same situation might help you feel more supported, within a non-judgemental and confidential environment.
Get a rough indication of what your repayments might be under each of our different debt solutions.
What options are there for debt help?
If you’re in debt due to a gambling addiction, there are two issues to deal with. Scotland offers a number of debt options that can help, if used alongside the other professional input and therapy designed to help you overcome your addiction.
One such debt solution offered in Scotland is called the Debt Arrangement Scheme, or DAS, and this is backed by the Scottish government.
Debt Arrangement Scheme (DAS)
DAS is a government-backed scheme that allows you to repay your debts via one affordable monthly amount. Your essential living expenses are taken into account, and the repayment is made from your disposable income. You’re protected from legal action by creditors, and interest/charges on the debts are frozen.
This is a formal agreement between yourself, your creditors, and a Trustee, and offers protection from creditor action. You repay the debt over a fixed period of time - usually four years – and any remaining debt at the end of the term may be written off.
Sequestration is the term for bankruptcy in Scotland, and although it allows you to make a fresh financial start, it involves the handing over of all your assets to a Trustee. It’s the most serious of all debt options, and is often seen as a last resort. Depending on your financial circumstances, you may also have to also make a regular monthly payment to your creditors.
If a formal debt solution isn’t appropriate, we can also arrange to negotiate on your behalf with your creditors, with the aim of making repayments more affordable over a longer period of time.
Scotland Debt Solutions has been helping Scottish residents out of debt since 1989, and can provide the financial assistance you need when coping with gambling addiction. We will identify your best options in dealing with your debt, and ensure you take the right steps to financial recovery. Call one of our expert team for a free same-day consultation in complete confidence.
Sharon McDougall
Manager
If you’ve decided it’s time to close your limited company, there are several different routes you can take. The most appropriate closure method will depend on whether your business is solvent (can...
If your company is experiencing financial difficulties, it is important to determine the extent of the problems being faced so that a plan can be put in place to turn the situation around. One of your...
If you’re having difficulty paying your debts and have assets or a regular income, you may qualify for a Trust Deed.
About
Why Choose Us
Speak Direct With
A Qualified Adviser
We Don't Operate
Call Centres
5 Offices in Scotland
National Coverage
Ask us About
Home Visits
Fully Regulated Advisors
From a Reputable Firm
Helping Scots Get
Out of Debt Since 1989
We'll give you a call
Our Scottish based team can help advise you on your debt problems.
Tools
Useful Tools
Our personalised debt report will help you better understand your financial position and see where your money is going.
Arrange a call with an expert advisor at a time to suit you or contact our team via WhatsApp for immediate help and advice.
We have five offices located across Scotland. Find your nearest one here.
OUR SERVICES
We can help you with...
Sequestration is the Scottish version of bankruptcy and may be suitable for you if you do not have the money to pay back your debts
Find out MoreA Trust Deed involves making a monthly contribution to your debts for up to four years. After this time any remaining debt included in the Trust Deed will not need to be paid.
Find out MoreA Debt Arrangement Scheme (DAS) lets you pay off your debt through a series of manageable instalments over a reasonable length of time.
Find out MoreWhether you are a sole trader or a limited company director, we can help you work through your current financial problems including money owed to HMRC
Business Debts in ScotlandOur Insolvency Practitioners are regulated by ICAS or the IPA and our firm is authorised and regulated by the Financial Conduct Authority
We have FCA authorisation for advice relating to Debt Arrangement Schemes and we are regulated by the ICAS and IPA when giving advice as an insolvency practitioner leading to our appointment in formal insolvency proceedings
Fees and Information: There are fees associated with our services. These will be fully explained before entering into any of the personal debt solutions referred to on this website. Full details of our fees and how these are charged are fully explained to you prior to you committing to any particular service.