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?


How are my payments calculated on a Debt Management Plan?

Posted 20 March 2013 by Shelley Bowers

We set repayments at an affordable level for people on debt management. We ensure you have enough to live on before repaying your lenders.

Are bankruptcy payments flexible?

Posted 20 March 2013 by Christine Walsh

Apart from the application fee, you'll only have to make payments towards your bankruptcy if you can afford to. If the amount you can afford to pay goes up or down, your payments can be changed accordingly.

Can IVA payments change?

Posted 12 March 2013 by Kyri Levendi

Life isn't predictable - which is why your IVA payments could change if something happened and that meant your payments weren't realistic anymore.

Can I work part time or full time and apply for a DRO?

Posted 04 March 2013 by Shelley Bowers

If you know you couldn't repay your unsecured debts, you could still qualify for a DRO if you work part time or full time.

Will a DRO affect my job?

Posted 21 February 2013 by Kyri Levendi

Your job shouldn't be affected by a DRO unless you are director or manager of a company. However, it will have a few other effects on your life.

Will my name appear in the Scottish Insolvency Register?

Posted 04 February 2013 by Shelley Bowers

The Register of Insolvencies provides information about people in Scotland who've entered a Trust Deed or bankruptcy. What does it involve?

To find out more about managing your money and getting free debt advice, visit Money Advice Service, an independent service set up to help people manage their money.