News and tips on tackling debt, living on a debt plan and other debt matters

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How will starting a debt solution impact your credit score?

Posted 05 March 2018 by Christine Walsh

Starting a debt solution might be the right way for you to take control of your debts, but the knock-on effect could be a badly damaged credit score, right? Come to think of it, if you go on a debt solution, could it stop you from ever borrowing again?


Can I get a bank account on an IVA?

Posted 03 June 2013 by Kyri Levendi

If you're on an IVA (Individual Voluntary Arrangement) and you try to find a bank account, you might find it difficult.

Can my debt management payments change?

Posted 29 May 2013 by Christine Walsh

If your level of disposable income changes during your debt management plan, you should contact your Personal Finance Manager. They may be able to help you.

What happens to my mortgage on a debt management plan?

Posted 22 May 2013 by Sarah Symons

For homeowners, mortgage payments are right at the top of the priority list. So if you're thinking of starting a debt management plan, you'll want to know .

Is there any age limit on an IVA?

Posted 29 April 2013 by Shelley Bowers

You can start an IVA at any age after 18 years old, but your age and other circumstances could be a factor if you're wondering whether it's the best option for you.

Debt management plans: how much do I have to spend on debt every month?

Posted 03 April 2013 by Emily Bancroft

'Disposable income' is the money you have left over after you've paid for everything you need. This is all you need to pay every month on a debt management plan.

Can I change from one Scottish debt solution to another?

Posted 21 March 2013 by Kyri Levendi

Your circumstances can change during a debt solution. Solutions are quite flexible and may be able to accommodate temporary changes, but if your financial circumstances change completely, you may need to move to a different one.

To find other sources of free advice visit Money Helper. It’s here to listen and give free, impartial, trusted guidance. Based around you and backed by government.