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If you are struggling to get out of debt, it’s time to break the cycle with Debt Advisory Services (Scotland) Ltd!

Debt Advisory Services (Scotland) Ltd, a private limited company, was launched in February 2006 to provide a wide range of Scottish debt help solutions.

The Company is regulated and authorised by the Financial Conduct Authority and is licensed under the Data Protection Act.

It’s easy to be tempted to run up our credit cards, take out a short-term payday loan, look into an unnecessary debt consolidation loan or maybe go into an overdraft just to tide you over when finances are tight (or when we receive unexpected bills that blow even the best planned budget).

Although you can temporarily ease the strain by taking out further credit, the financial hangover eventually means that there’s just as much to pay off (if not more) the following month, thanks to interest rates and charges on outstanding debt.

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We can easily find ourselves trapped in a vicious cycle, making it feel impossible to ever get out of debt. The hardest thing to do is to recognise that there is a problem, and then take the steps to find the right debt counselling people to help you become free of debt.

If you are really worried about your current level of debt and you are looking for a way to become debt free, we provide Scottish debt help services by offering many debt relief solutions that can help, and you can find a comprehensive summary of these listed below.

Careful consideration should always be taken before you decide on the solution to take when dealing with your debts.

Debt Advisory Services (Scotland) Ltd only recommends an appropriate Scottish debt help solution after a full review of your personal circumstances has been conducted.

Our initial review service, which helps to identify a potential solution for you, is completely free and there is no commitment for you to action any recommendations that we make.

However, should you choose to accept a Scottish debt help package from Debt Advisory Services (Scotland) Ltd, fees will apply.

For further information regarding our fees, please see below. Alternatively, free sources of information can be obtained from Money Advice Service or from your local Citizens Advice Bureau.

Our fees explained

We are committed to providing you with the highest level of service. We endeavour to act with integrity at all times and as a member of The Debt Resolution Forum (Industry regulator), you can be confident that you are dealing with a reputable organisation, which upholds a strict Code of Conduct.

What do Our Services Cost?

Debt Management Fees

No upfront fees!

Despite the fact that a significant amount of time and effort has to be spent in setting up your plan, Debt Advisory Services (Scotland), unlike many other Debt Management Plan providers do not charge any up-front fees or take higher monthly management fees in the early stages of your plan to cover the initial set up costs.

To ensure that your creditors receive higher payments from the first month of your plan, our set up costs are included in your monthly management fee and are spread throughout the duration of your plan.

To ensure that all of our customers are treated fairly and to reflect the amount of work involved in setting up and running your plan, rather than charging a percentage of your monthly payment, our monthly management fee for our Protocol Debt Management Plan, is determined by the number of creditors included in your plan.

Our monthly management fee has two elements:

  • Each plans carries a Base Monthly Management Fee of £23.50
  • Each plan carries a Creditor Administration Fee of £4.50 per creditor

Our monthly management fee for running your Debt Management Plan, which is included in your agreed monthly payment, will commence from the first month of your plan and is subject to a minimum fee of £32.50 and a maximum fee of £90.

No charges will be made other than the agreed monthly payments and you will not be asked to pay any amount over and above the agreed monthly payment.

Trust Deed Service and Fees

Debt Advisory Services (Scotland) Limited do not charge you any fees for the provision of our review, referral or Trust Deed services.
We do however receive a fee from insolvency Practitioner for the time it takes to prepare and submit your case to them. The fee that we receive from the insolvency Practitioner varies from case to case, with the average fee received being £1250 plus VAT.
Your trustee’s (Insolvency Practitioner) fees and the costs of administering your Trust Deed, will be agreed between the trustee and your creditors. They are deducted from your agreed contribution before any payment is made to your creditors.

Trust Deed Example

The example shown below is based on an actual client with £15,000 of unsecured debts.
She has agreed to contribute £150 per month towards a Protected Trust Deed which will last for 4 years. She has no assets or equity.

A breakdown of payments on this example:

Agreed Clients Monthly Payment£150 x 48 months
Total repaid by individual£7,200
Insolvency Practitioner fixed Administration fee£2,500
Trustee’s % Based Realisation Fee( typically 20% of total realisations)£1,440
Registration Costs (approximate costs)£600
Total costs over 4 years£4,540
Net paid to creditors – (Total contributions £7,200 less total costs £4,540)£2,660
Total unsecured debt effectively written off on completion£12,340 (82%)

DAS Fees

As the payment distribution fees are paid by your creditors, 100% of your payments are paid to your creditors. You may however, still have to pay a management fee in addition to your payments to your creditors if you decide to use the services of a continuing Money Advisor.

Clients, who have chosen a DAS scheme as their preferred debt solution are referred to one of our carefully chosen licensed Insolvency Practitioners who will then appoint a qualified money advisor who will act on your behalf.

Debt Advisory Services (Scotland) Limited do not charge you any upfront fees or administration fees for the provision of our review or referral services. We do however receive a fee from insolvency Practitioner for the time it takes to prepare and submit your case to them. The fee that we receive from the insolvency Practitioner is equivalent to the total of 2 months of your contribution, subject to a maximum of £600.

Once your case is passed to the Insolvency Practitioner, you will be informed in writing by them of the proposed fees prior to committing to a DAS scheme.

Full and Final Settlement Fees

We work on a No Win – No Fee basis

The fee that we charge for a successful claim is 20% + VAT of the amount of discount offered by the creditor.

Full and Final Settlement Example:

The example shown below is based on an individual with a balance on a credit card of £8000.
Debt Advisory Services offered a full and final settlement offer of £4,000 which was accepted by the creditor saving the client £4,000.
Debt Advisory fee = £4000 x 20% plus vat = £800 plus 20% (vat) = £960.
The total paid by the client = £4000 settlement plus £960 = £4960.

We operate on a No Win – No Fee basis – If our offer is unsuccessful we won’t charge you a penny.

Reclaiming Mis-sold PPI Fees

We work on a No Win – No Fee basis

The fee that we charge for a successful claim is 21% + VAT of the total award paid by the lender. We operate on a No Win – No Fee basis – If your claim is unsuccessful we won’t charge you a penny.
No Upfront Cost – We don’t charge an upfront cost either.

Reclaiming Mis-sold Packaged Bank Accounts Fees

We work on a No Win – No Fee basis

The fee that for a successful claim is 25% + VAT of the total refund made by your bank. We operate on a No Win – No Fee basis – If your claim is unsuccessful we won’t charge you a penny.
No Upfront Cost – We don’t charge an upfront cost either.

Close

Fresh Start Programme

The services that we provide go beyond those offered by other Debt Management Companies who, may do no more than just put a plan in place to help you deal with your current debts. We see that putting a plan in place to deal with your creditors as being the first step towards your financial rehabilitation and whilst it is imperative that a plan is put in place early to deal with your creditors, moving forward, our Fresh Start programme, which is free of charge, will provide you with simple, straight forward help and advice to help boost your disposable income and deal with your creditors.

A brighter future – It’s all about Your Fresh Start

With rising bills, simply comparing the costs of your everyday expenses such as utility bills, broadband, life insurance and home insurance plans can help save you a lot of money each month.

Regularly reviewing service providers should be at the heart of your personal financial maintenance and we can help by pointing you in the right direction where you may able to take advantage of some of the best deals available by showing you how to review your gas, electricity, phone, broadband and insurance bills.

Our Fresh Start programme is designed to help you make the most of your money and provide you with the opportunity of freeing up additional disposable income that can be used to help you repay your debts as early as possible.

In addition to helping you to identify areas where you may save money, we will also show you how you can assess your benefit entitlements so that you are able to maximize your monthly income.

Benefits are not just for the unemployed and as rules constantly change, it’s worth carrying out an annual check to see if your entitlements have changed.

READ MORE

debt-plan-iconDebt Management Plan

A Debt Management Plan is an informal agreement designed to allow people who are struggling to meet their monthly debt repayments, the opportunity to make a single, more affordable monthly payment via a debt management company. A Debt Management Plan may be appropriate if you have a temporary financial problem or if you can’t or don’t want to re-mortgage.

READ MORE

icon-trust-deedTrust Deeds

If you live in Scotland and cannot afford to keep up payments on loans and credit cards, a Trust Deed may be the best debt solution for you. A Trust Deed is a legally binding agreement between you and your creditors where you agree to pay an affordable monthly payment over an agreed period of time (normally 4 years). A Trust Deed can only be arranged through a qualified and licensed Insolvency Practitioner.

READ MORE

icon-debt-schemeDebt Arrangement Scheme

The Debt Arrangement Scheme is a formal debt management scheme. It was introduced by the Scottish Government in November 2004 to help people living in Scotland to repay their debts. Any individual who lives in Scotland who is having difficulty in maintaining their payments to creditors can apply for a debt payment plan under DAS.

READ MORE

icon-consolidateDebt Consolidation

Consolidating your existing debts into one smaller monthly repayment can sometimes put an end to the stress inducing demands made by your current creditors. There are a number of ways that you may be able to obtain a consolidation loan. They include, re-mortgaging, secured and unsecured loans.

READ MORE
Home Finances

icon-bankruptcyBankruptcy

Sequestration is the Scottish legal term for bankruptcy. Bankruptcy is often considered the last resort for people with serious debt problems especially if you have a property to protect. There are other solutions which can protect your property and allow you to repay your debt in affordable monthly instalments.

READ MORE

icon-ppiMis-sold PPI

Although Payment Protection Insurance (PPI) was sold with credit agreements to protect both you and the lender, many people who have been paying for PPI who don’t have the protection they thought they had. Despite the millions of pounds already paid out in compensation, many people have yet to make a claim. for mis sold PPI.

READ MORE

icon-saving-moneySave money on your household bills

Looking to save money on your household bills or insurance to cover your family or home? Switching suppliers for your utilities is quick and easy and comparing life insurance quotes from a panel of top life insurance companies can save you a lot of money each month.

READ MORE

Taking part in our FRESH START programme really won’t cost you a penny and could save you hundreds of pounds each year and you will be able to keep more of your money in your pocket each month.

To find out more about becoming debt free you can:

  • success icon tick

    Download our free debt help guide by completing the short form above.

  • success icon tick

    Forward your details to us by completing our contact form and we will call you back.

  • success icon tick

    Ring us on 0800 011 2322 (free from landlines) or on 0141 942 9700 to discuss your situation with one of our fully trained advisors.

Debt Advice, Debt Help & Debt Management in Scotland

Debt Advisory Services (Scotland) Limited can help point you in the right direction, providing you with friendly, professional and confidential advice when you need it most.

Free Debt Guide PDF

DOWNLOAD OUR FREE DEBT GUIDE

  • Providing your email address will allow us to keep you up to date on changes to Scottish debt solutions.

    Providing us with your telephone number will allow us to confirm that you have been able to download our free guide and answer any questions that you may have.

If you need confidential advice or help to quickly find the best solution tailored to your personal circumstances call us now on

0800 011 2322 or
0141 942 9700

DEBT MANAGEMENT
PROTOCOL APPROVED

debt management protocol approved

The first Scottish Debt Management company to be Protocol approved. Ensuring you of an excellent standard of customer service.

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THE MONEY ADVICE SERVICE

money_advice_service

www.moneyadviceservice.org.uk

ACCOUNTANT IN BANKRUPTCY

Accountant-in-bankruptcy

www.aib.gov.uk

TESTIMONIALS

Thank you for a first class service, I have already recommended you to my friends. For the first time in my life I am completely debt free and living within my means. You have lifted a great weight of worry from me and I will always appreciate what Debt Advisory Services (Scotland) Limited did for me.
GS
Thank you for pointing me in the right way. I don’t know what I would have done without you.
KD
I know we have asked a lot from you but we have found your service to be very helpful. We would have been in a terrible mess without your support and help.
Mrs JT
Thank you for all the help you have given me over the years, it is appreciated.
MS
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DEBT RESOLUTION FORUM

debt resolution forum member

DEBT MANAGERS STANDARDS ASSOCIATION

demsa

www.demsa.co.uk

Authorised and regulated by the Financial Conduct Authority Interim Permission Reference CCI-IP-013669

Licensed under the Data Protection Act License number : 29406864

CONTACT DEBT ADVISORY SERVICES (SCOTLAND) LTD

Debt Advisory Services (Scotland) Limited
3 Stewart Street, Milngavie, Glasgow G62 6BW
Tel: 0800 011 2322

Company Number: 029502
Data Protection license number: Z9406864
Authorised and regulated by the Financial Conduct Authority.
Interim Permission Reference number: 583887

TERMS & CONDITIONS - Trust Deeds

TERMS & CONDITIONS - Debt Management Plans

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DEBT HELP LINKS

  • Home
    • DAS News
    • Glossary
  • About Us
    • Debt Advisory Services
    • Testimonials
  • Debt Management Plans
  • Trust Deeds
  • DAS
  • Mis-Sold PBAs
  • Mis sold PPI
    • PPI Claim Form
    • Free PPI Guide
  • Other Solutions
    • Switching To Us
    • Fresh Start Programme
    • Free Credit Repair Guide
    • Utilities
    • Debt Solution Finder
  • Contact

LATEST NEWS FORM DEBT ADVISORY SERVICES (SCOTLAND) LIMITED

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  • Seven Steps To A Debt-Free 2018
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  • Dealing with a Deceased’s Estate in Scotland

GLOSSARY TERM LINKS

Bankrupt, Bankruptcy, Business Debt Help, Citizens Advice Bureau, County Court Judgement, Credit File, Credit Rating, Credit Report, Credit Reference Agencies, Debt, Debt Arrangement Scheme, Debt Consolidation, Debt Help on Line, Debt Help Scotland, Debt Management Help, Debt Management Plan, Debt Management Companies, Debt Solutions, Discharged Bankrupt, Free Debt Help, Government Debt Help, Insolvency Practitioner, Liquidation, National Debt helpline, Priority Debts, Repossession, Restriction Order, Secured Debt (Also see secured creditor), Sequestration, Trust Deed, Undischarged Bankrupt, Unsecured Debt
© 2016 Debt Advisory Services (Scotland) Limited | 3 Stewart Street Milngavie Glasgow G62 6BW | 0800 011 2322 / 0141 942 9700
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