Reviewed 22nd October 2024
Chris had his own business. Everything went fine for a while, but the recession hit hard. Utility bills built up and he wasn’t bringing in enough money. He also had his wife and daughter to support and rent to pay, but he was trying to keep his home life as normal as possible. Not wanting to worry his wife, he didn’t share his problems. He still took them out at weekends.
“It was really quite bad. And from there it just snowballed. It got a bit - a lot - unmanageable,” he says.
Get a rough indication of what your repayments might be under each of our different debt solutions.
How SDS Helped
Chris found SDS online and requested a call back. “My mobile phone had been shut down,” he laughs, “so I went online, typed in my details and they gave me a call back really quickly, which was great.”
“SDS did everything I was really hoping they would do. I had spent so long trying to deal with the problem myself it had actually driven quite a big stake between me and my wife… But they understood that. They said it was a common thing with people in financial difficulty. They just talked me through it step by step. They were really helpful. It was like talking to a normal person!”
We recommended Chris apply for Sequestration.
Levels of unsecured debt in Scotland increased dramatically during 2022 as the cost of living crisis took its toll on household finances.
Close to half a million Scots are in a position of profound financial hardship, according to a new set of figures.
Disabled people in Scotland are being urged by the government to check whether they might be eligible for benefits that could help make their life a little easier.
Services
Our Other Services
Whether 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 DebtsA Debt Arrangement Scheme (DAS) lets you pay off your debt through a series of manageable instalments over a reasonable length of time.
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 MoreGlasgow
2 Bothwell Street, Glasgow, G2 6LU
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Our Scottish based team can help advise you on your debt problems.
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Our personalised debt report will help you better understand your financial position and see where your money is going.
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We have five offices located across Scotland. Find your nearest one here.
More on Sequestration
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 MoreOur Insolvency Practitioners are regulated by ICAS or the IPA and our firm is authorised and regulated by the Financial Conduct Authority
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.