We use cookies to give you the best browsing experience. If you close this message or continue browsing, we will take it that you consent to this and we won't remind you again. You can disable cookies in Privacy Policy.

Close
  • Start Live chat
menu
On this page:

Get started

What is a MAP?

Common questions

Get in touch

Blog articles

Minimal Asset Process (MAP)

Through our experience with Minimal Asset Process we know when it's the right solution. Quickly find out if it's right for you with our three simple steps

Answer a few online questions

It's fast and easy

2 min

Get your free Money-Smart report

Makes sense of your money

Find the right solution for you

Help reduce monthly payments

Get started

If you live in Scotland, have few assets and no disposable income to pay towards your unsecured debts, a MAP could help write it off after 6 months.

A Scottish solution

Minimal Asset Process (MAP) is only available if you live in Scotland.

Why a MAP might be right for you

You have debts of at least £1,500, but no more than £17,000.

Conditions of a MAP

You can't have assets worth more than £2,000 in total – with no single asset over £1,000 but may own a car worth up to £3,000 if it is for essential purposes.

You must not be a homeowner, or own land and have no money left over to pay your unsecured debts.

MAP lasts for only 6 months

Payments on your unsecured debts will be suspended, and after 6 months, if you've adhered to the requirements, they'll be written off.

A cost effective solution

A MAP costs £90 compared to £200 with Bankruptcy, or Sequestration as it's sometimes called in Scotland.

MAP is for people with low assets and no money to pay towards their debts so it costs less

Answer a few questions online, find out if MAP is right for you

Quickly find out if Minimal Asset Process is right for you

Get started

MAPs are available subject to eligibility and acceptance, alternative solutions may be offered. Fees payable if continuing services are provided. Our fees are explained here.

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.

MAP can only be arranged by approved Money Advisors, so talk to us for expert advice

Answers to common MAP questions

What if my circumstances improve during a MAP?

If your circumstances improve before you're automatically discharged, you may be subject to the full sequestration process and required to make a monthly payment towards your debts.

Which debts are not included in MAP?

Any court fines, student loans or child maintenance arrears. You will need to keep paying these during a MAP.

Will it affect my credit history?

MAP is a form of bankruptcy – so your credit rating will be affected for six years.

Are my creditors still allowed to contact me?

Creditors are not allowed to contact you once your MAP has been approved.

Show the answers

For further information about MAP Read more...

Our promise to you

You will not be called by a call centre

Our experienced, Money Advisors will only call at a time convenient for you - and then be your single point of contact

DAC look to help everyone

We have helped over 400,000 people with a range of solutions - it's important we find the right one for you

Get your FREE Money-smart report - make sense of your money

Get started

Find out if MAP is the right solution

Talk with your personal Money Advisor today

If you are interested or would like more information on MAP, talk through your options with one of our experienced Money Advisors

0161 413 9583

We will offer advice support and a solution

Book a Call back

You can choose when you want us to call you

Start Live Chat

Type in your question for an instant reply

Read the latest blog articles...

Could you get debt free in a year with a DRO?

Posted by: Christine Walsh |

March 30 2017

Tackling your debts

Debt write-off – is it too good to be true?

Posted by: Kyri Levendi |

February 08 2017

Tackling your debts

Minimal Asset Process

Posted by: Christine Walsh |

December 19 2016

All Blogs

Debt Management in Scotland

Posted by: Christine Walsh |

November 10 2016

Tackling your debts

Based on Feefo.com reviews - 98% of customers who left a Debt Advisory Centre review recommend us with an average rating of 4.8 out of 5 from 409 reviews left by Debt Advisory Centre customers (as of October, 2016)