Financial Help & Advice
Few good reasons why debt advisory Scotland can save you from bankruptcy

Modern day living brings a lot of great things with it. However, great things come with a certain price meaning debts. The thing with debts is that they tend to pile up on top of each other if they are not taken cared on time. The consequences are what come after that pile becomes so big that there are not much things to be done. However, thanks to service such as Debt Advsory Scotland there is a realistic and practical solution that does not include bankruptcy. is the perfect place for dealing with any type of debt as it offers various solutions for people with different requirements. The most popular are the government backed programs that are made to help people with debt problems. Those two programs are the Trust Deed and Debt Arrangement Program. Both are regulated by the government and run by independent subjects. The trust deed is the more popular debt management program so far.

Another great thing about is that they can connect you with an insolvency practitioner which is what you need to get in the trust deed program. They are like the ultimate bankruptcy fighters who can easily sign up big chunk of your debt while keeping your payment to a level which you can afford. Also, they have the power to stop interests piling over each other. The only they ask is to sign up with the program and let them to their job. Once they take over you won’t hear anything from your creditors; no disturbing calls, no visits, no treats that they can take your house or your car.

10 tips for dealing with problem debts

Financial difficulties can happen to anyone, at least to most of us mortals, working class people. Getting in debt somehow seems like the easiest thing in the world. On the other hand getting out of there is no joke and takes serious actions to do so. Very often our regular pay doesn’t cover the debt and the day to day expenses as well. Here is a list of 10 tips for dealing with problem debts. Each tip is derived from real life and has a practical value. provided us with the following tips - 

10. Stop panicking

Many people when faced with an enormous debt the first moment they realize they can’t pay it start panicking. Panicking often leads to foolish actions like proclaiming bankruptcy. It is essential to sit down and check your options before doing anything that you might regret later.

9. Start saving

Many people in debt are spending a great deal of money on unnecessary things even so their up to their eyes in debt. Make a list of what you can live without and grab a calculator. For an example stop going to work with your car and instead use public transport. That alone can give you up to a hundred pounds of saving.


Websites such as have all the information about the debt arrangement scheme – government backed program whose purpose is to help people struggling to pay off their debts. This program offers great benefits and should be always taken in consideration when looking for ways to get out of debt.

7. Debt refinancing

There are plenty of financial institutions and banks that refinance debts. If you have a steady income you can easily get debt refinancing.

 6. Find a second job 

Sounds bit radical, but few more hours extra hours, couple days per week can significantly contribute to your budget and help you to sooner get on your feet. After the first few paychecks you will feel instant relief on your budget.

5. Sell what you don’t need

Make a list of all the things you have and you don’t intend to use and list them on websites such as eBay and Craigslist. As they say someone’s garbage can be other man’s treasure. There is no reason why not making some money in the process.

4. Stop using credit cards.

This is probably the most important advices you can get on how to save some extra money. The thing with credit cards is that every time we go out with it in the pocket we are tempted to use it. It’s a way of life, at least until they are all dried up. The best alternative is to carry only cash and just enough for what you need. That way you won’t be tempted to spend more than you planned. Sounds bit ridiculous, but there is plenty of truth in it.

3. Take night shifts, weekend hours, extra hours.

Anything that pays extra and that comes your way you need to take it. Extra hours, night hours, weekend hours they all are paid extra. That’s something that can be annoyance in ordinary circumstances, but in time of crisis that’s an opportunity not to be missed.

2. Make sure your family members follow your lead.

Unless you all play like a team, not much can be achieved. Even children can be understanding if you could talk to them and explain how some things work and what is expected from them. Make sure everyone is on board and the results will come.

1. Stay organized

If you want to make the most of your money you need to know how every penny is spent. That way you can keep a close track on your finances and introduce new ways how to make even bigger savings.

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