Your assets are not taken into consideration with the Debt Arrangement Scheme. So homeowners, for example, are protected as long as their mortgage or secured loan payments are maintained.
You will make one reduced and affordable monthly payment which will then be used to pay your creditors. This allows you to focus on making your payments to your priority debts such as your mortgage.
We also help many customers who are currently homeowners enter into a Protected Trust Deed plus give advice on alternative formal debt solutions in Scotland.
If you have problem debt, but you’re worried about your home being sold to pay off your debts – our best advice is to seek debt help sooner rather than later as this may give you peace of mind that you can protect your home from being sold to pay off your debt.