Welcome to the new website for HJS Recovery We will regularly be uploading debt related news and will be able to interact with you using social media. Keep checking back here for more news soon. ...
If you are looking for debt advice, there are several ways you can obtain help and information.
The most common ways of finding debt advice Scotland is by searching online or by calling a helpline. Some advisers also offer face-to-face meetings to discuss your financial problems.
These organisations will offer advice and even stand in for you to negotiate with the people you owe money.
The information can come from several sources - government agencies, consumer groups or professional advice firms.
Government agencies, like the Accountant in Bankruptcy, will help with free advice but will not represent you.
Many consumer groups and professional advice firms offer a direct, personal service.
Some are free and others charge a fee. The fees often relate to legal costs and running debt arrangements with your creditors. Always ask an adviser if they charge a fee before entering in to any agreement.
Debt advice - Scotland government
The Scottish government runs two debt services:
- Accountant in Bankruptcy (AiB) runs the personal bankruptcy process in Scotland. This involves monitoring the work of licensed insolvency practitioners and maintaining public records, like the Register of Insolvencies.
The AiB has debt advice information and legal forms online for download. [LINK: http://www.aib.gov.uk]
You can also talk over your financial issues on the telephone by calling 0300 200 2600
- Debt Arrangement Scheme (DAS)
The DAS is not bankruptcy, it is a government-run debt management tool that lets someone in financial difficulty repay what they owe over an extended period.
For more information, visit the DAS web site [LINK: http://www.dasscotland.gov.uk/home] or call 0300 200 2770
When to seek debt advice
The best time to look for help with your finances and debts is when you can see you cannot pay your bills and are unlikely to do so within a reasonable time.
The longer you wait, hoping something will turn up, the worse your financial problems are likely to get.
It’s not easy to ask for help, but talking through your finances with a professional debt adviser will help you construct a picture of the true state of affairs.
The first step is establishing how much you owe. Your debt adviser will go through your finances with you to work out your living costs and how much you pay on unsecured debts, like credit cards, overdrafts and personal loans.
Next, the adviser will help you set a budget that allocates the money you need for your living costs.
Take away your living costs from your money coming in each month to leave your disposable income. That’s the money you need to pay your unsecured debts.
If the debts are larger than your disposable income, you need to consider how to repay them.
Bespoke debt help
Once you have worked out your budget and disposable income, the next step is working out the best debt strategy to suit your personal circumstances.
This can debt advice can be a financial management plan, setting up a trust deed or bankruptcy (sequestration in Scotland).
HJS Recovery helped me sort out my crippling debt problems with both professionalism and kindness. Never judgemental, they agreed a repayment with my creditors that I could afford and now I am completely debt free.
Mr B from Bournemouth
Read more Testimonials
Our Offices:
© Copyright HJS Recovery HJS Recovery LLP
Registered in England No. OC364606
Registered in England No. OC364606
