Always living in
your overdraft?
An overdraft can stop feeling temporary when income is absorbed as soon as it reaches the account.
Overdraft debt
Persistent overdraft use can make monthly budgeting difficult because the account begins each pay cycle below zero. Charges and interest can add further pressure depending on the account.
Overdraft balances can form part of a wider unsecured debt picture. The right solution depends on the total debts, affordability and any priority commitments.
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.