I Live in Scotland and Keep Getting Refused a Loan or Credit

  • Are you a Scottish resident that has been refused loans?
  • Do you struggle to pay your credit card or loan repayments each month?
  • Have you been using credit to pay for items you used to pay for with cash?

When Scottish clients contact our loan helpline from Scotland, it is usually because they have been refused loans and credit to consolidate personal debts.  We are often able to help them solve the personal debt problems they are struggling with and this can be a massive relief to those that want honest and reliable financial advice.

If you have been refused a loan or refused debt consolidation loans or credit in Scotland, it can harm your credit rating further if you continue to apply and get refused.  This is because every time you make an application for credit the respective lender will usually check your credit file to see what other outstanding commitments you have, if any.

The constant applications you make for credit that result in turned down loan applications, then get recorded on your credit file and will just add up to one large rejection alarm bell to the next lender that takes a look!

This is why people usually struggle to find a way out of debt once refused debt consolidation loans.

If you live in Scotland, there are a number of personal debt solutions available to help you clear personal debt problems. The following are the most common solutions available in Scotland to clear personal debts;

  • Debt Arrangement Scheme – Government run debt management solution.
  • Trust Deed or Protected Trust Deed (Personal Insolvency) – Formal arrangement to pay, legally binding, Scottish equivalent to IVA or Individual Voluntary Arrangement.
  • Debt Management Plan – Informal arrangement to repay, not legally binding
  • Sequestration – Scottish equivalent to Bankruptcy.

Not all companies will offer the correct advice to a consumer who wishes to clear personal debt problems in Scotland. The laws appertaining to debt consolidation in Scotland regarding clearing personal debt are different to those throughout the rest of the United Kingdom. England, Northern Ireland and Wales all require consumers to enter into an IVA or Individual Voluntary Arrangement which is the equivalent to the Scottish Trust Deed.

If you live in Scotland and require help to clear personal debt problems then call our helpline today in absolute confidence using;

  • CALL  – 0800 118 2345 –  FREE
  • Lines are open 24 hours / 7 days
  • Calls are usually free from a UK land line, mobile call costs may vary

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