Debt Management and Money Advice
Worried about debt? Worried about credit cards, store cards, loans and bills? Need help with your debt problems?
Before you call anyone, speak to a North Ayrshire Citizens Advice Bureau Money Adviser. We provide debt advice that is FREE, confidential and impartial.
read more about our Money Advice and Debt Management Service
Prioritising your debts
Which debts to pay off first?
When you're sorting out how to pay back your debts, you need to identify the most important ones. These are called your 'priority debts' and they should be settled first.
Mortgage arrears or payment difficulties
Help with your mortgage.
If you can't meet your mortgage repayments, or you're worried you might fall behind, contact your lender as soon as possible. Find out different ways in which you may be able to get help if you're in difficulty with your mortgage payments.
Trust Deeds
What is a Trust Deed?
A Trust Deed is a formal agreement between you and your creditors to pay back what you can afford towards your debts.
These agreements usually involve the freezing of debts/interest and once they are done (usually after 3 years) any remaining debts that you have remaining will be completely written off.
Sequestration and Low Income Low Assets (LILA) applications
Debt solutions personalised to meet your needs...
Sequestration is the Scottish equivalent of bankruptcy and LILA is the route into bankruptcy for people who have low income and low assets.
read more about sequestration and Low Income Low Asset applications
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