Debt Advice

Most People will experience financial difficulties at some point in their lives. Sometimes it’s caused by an unexpected event, other times it’s a gradual build-up of pressure or a perfect storm of unfortunate circumstances. When this happens, it can feel overwhelming so its important to know you’re not alone.

GEMAP is one of many organisations available to help you get back on track. Our free impartial advice and assistance will help you regain control of your finances.

We’ll take time to understand your circumstances and explore your options with you, acting on your behalf to get the arrangements you need and want to resolve your debt.

Here’s some of the options for dealing with debts –

Council Tax

Local councils have their own Council Tax Reduction Schemes.

In some areas, you won’t have to pay anything towards your Council Tax bill. While in others, you might have to pay a percentage of it.

Repayment Plans

We can act on your behalf, seek to negotiate with your creditors a reduced monthly payment plan. This process will ensure your priority expenses are covered and repayment arrangements in place with all other creditors.

Full and Final Settlement

This option is available if you have a lump sum available that is less than the total amount of debt you owe in your unsecured debts.

Write offs (eg ill health)

In exceptional circumstances where you have no available income, savings or assets.

Prescription and Limitation (Scotland) Act 1973

This act governs how long a creditor has to take action against you to recover the debt.

Debt Arrangement Scheme

A Scottish Government scheme, allows you a weekly or monthly payment to your creditors and will prevent any further action being taken against you.

Sequestration

Also known as bankruptcy.

Trust Deeds

A legal agreement between you and your creditors to pay off your debt over a fixed period.

For Homeowners

Mortgage to rent & Equity Release