Reviewed 22nd April 2024
June accumulated a large amount of debt on store cards and a credit card, but instead of paying them off each month, she’d spend her money on other things. It got to the point where she was frightened and stressed. “It was awful…” she says. “I couldn’t answer the phone. I was terrified in case it was somebody looking for money, which it usually was. And letters, the postman coming… the amount of times I used to hide behind the door…”
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How SDS Helped
June got in touch with SDS after a little bit of research online and began to turn her life around. She didn’t have to come into the SDS office, but spoke to her advisor, Jane, many times over the phone. “She would do anything; nothing was too much trouble. And if she said she’d get back to you about something, she got back to you. You could trust her.”
Jane recommended June apply for a Trust Deed.
Once the trust deed was in place, the threatening letters and phone calls June dreaded so much stopped. At Scotland Debt Solutions, we understand the distress this constant communication with the people you owe money to can cause. This is why we make it our responsibility to contact your creditors and inform them that you have entered into a trust deed and that any further communication must now go through us.
Eighteen months later, June is debt free. Now, if she sees something she wants to buy, she can buy it (with cash, of course!). “It’s as though a weight has been lifted off my shoulders.”
And what would June say to anyone who finds themselves in her situation? “I would say 'go and get help'. Don’t worry yourself to death… There’s always people there who will help you.”
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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.
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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 MoreSequestration is the Scottish version of bankruptcy and may be suitable for you if you do not have the money to pay back your debts
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More on Trust Deeds
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A 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 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.