Personal loan payments
becoming too much?
Several loan repayments can consume a large share of household income and leave little room when circumstances change.
Personal loan debt
Personal loans are usually repaid through fixed monthly instalments. When income falls or household costs rise, those fixed commitments can become difficult to maintain alongside cards, overdrafts and other debts.
An assessment should look at the full monthly budget, remaining balances, any secured borrowing and whether a structured statutory solution would improve the overall position.
When to get help
If payments are being missed, balances keep rising, creditor contact is increasing or the monthly budget no longer works, it is sensible to review the whole position rather than trying to move money between debts.
The Scottish Debt Check is designed to collect the starting information needed for that conversation.
Questions people ask before taking the next step
Can this debt be included in a Trust Deed?
Many unsecured debts can potentially be included, but the exact treatment depends on the liability and your circumstances.
Could DAS include it?
Many debts can form part of a DAS DPP, but an approved money adviser should confirm the correct treatment.
Should I stop paying?
Do not deliberately stop or change payments based solely on website information. Get appropriate advice about priority bills and the consequences first.
You don’t have to work it all out yourself.
Answer a few questions and find out which Scottish debt options may be worth discussing.
Confidential. No commitment. For Scottish residents.