Loan Advice

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

Loan Advice

Consumer Debt Solutions if Refused Consolidation Loans

  • Are you a UK consumer struggling to find personal debt solutions or loans to consolidate personal debt problems?
  • Have you recently been refused personal debt consolidation loans?
  • Do you need help to consolidate all of your unsecured personal debts into one, new monthly repayment?
  • Could you benefit from personal consumer debt solutions that work and are offered by an established and recognised debt consolidation service?
  • Did you know it is possible for a consumer to consolidate personal debts without having to take on another loan or increase borrowings any further?

Lewis Alexander Financial Management is a bona fide consumer debt solutions provider and has helped many people in the UK to clear personal debt problems using solutions they have provided.

You could also benefit from such a service if you have multiple credit card debts and loan agreements where you are struggling to reduce the balances.

If you are only making minimum repayments to credit card balances then you should take advice from a debt consultant, this is because making minimum payments does not tend to reduce the balance but only service the interest or charges the credit provider is applying to your account/s on a monthly basis.

Most consumer debt solutions or debt consolidation loans will offer an individual the benefit of one monthly repayment when dealing with debt. This is usually lower than all the minimum payments the consumer is currently making on a monthly basis when added up. Therefore, offering the consumer one new and often much reduced monthly repayment.

Solutions available to clear debts without taking on another loan are available in the UK an individual will usually choose the debt consolidation solution that suits them best. Homeowners may prefer to select a different solution to that of someone who rents a property.

Debt Management Plans, Individual Voluntary Arrangements, Protected Trust Deeds in Scotland, Debt Relief Orders and Bankruptcy are just the most common solutions available to clear personal debts in the UK if you have previously been refused a debt consolidation loan.

If you want the help of a professional debt consolidation service you can call Lewis Alexander FREE from a land line using 0800 018 6868, or from a mobile call 0161 872 3383.

All calls remain confidential.