A national debt helpline is being put in place to help Scots who are having problems with their debt management issues. Cash machines will begin to show adverts which promote the telephone line.

This aim of this new debt helpline is to offer confidential and debt advice for those who are suffering with financial problems due to the credit crunch, rise in unemployment and an increased cost of living.

The Scotland debt advice campaign has been backed with £382,000 of Scottish Government funding. Nicola Sturgeon, Deputy First Minister, believes this debt helpline is important as those who can no longer afford their debt need to face up to their financial problems. “Families across Scotland are feeling the pressure financially, with increases in food prices, rising bills and mortgage and lending uncertainty all adding to the headache.”

Debt Advice: Scotland

If you are a Scottish resident and need advice about your debt, One Advice are here to help.

There are a number of debt solutions which could be available. For low levels of unsecured debt you could be suitable for a debt management plan which allows you to make reduced monthly payments to your unsecured creditors.You may find that you are eligible for a Trust Deed where you could make reduced payments to your debt on a monthly basis. Your unaffordable debt could be written off in as little as 36 months.