Debt Advice Glasgow

Founded in 2013, Debt Free Life is a family-run insolvency practitioner based in Glasgow who help over six thousand Britons every year to take back control from creditors and sort out their finances.

It is our mission to revolutionise the way in which the soulless numbers-driven debt management industry works. We are dedicated to treating our clients in an ethical, sympathetic manner, and hire our consultants with this purpose in mind.

We know how stressful facing financial issues can be and want to make the process back to your debt free life as quick and painless as possible. With over 25 advisers working tirelessly to make sure your journey goes according to plan, you can be sure that we will be with you every step of the way.

Debt Free Life Glasgow – What We Do

By using fully-legislated official debt management processes, we can help put a stop to creditor harassment while simplifying your repayment processes and allow you to write off up to 80% of your personal unsecured debt.

By using formal processes like Trust Deeds, IVAs, Sequestration, Bankruptcy and informal processes such as Debt Arrangement Schemes and Debt Management Plans, we help hundreds of Glasgwegians every year to beat their creditors and wipe out debt entirely.

All of our formal processes also grant us the ability to transfer your multiple outstanding debts to different creditors into one, single, reduced monthly payment. We will take this money and distribute it appropriately between your creditors, taking the stress of deciding which bills to pay and which to delay away from you.

We have over 25 specialists on-hand to not only come up with an entirely tailor-fit plan that is personal to you but to take care of all of the complicated and tedious paperwork for you too.

Recovering from debt will never be completely effortless, but continuously strive to make sure that you need to do as little as possible. After we have received a little information from you to get started, all going well the only thing you should have to do is deliver your single reduced monthly repayment.

Once we have done our part, and you have fulfilled each required payment, by the end of our relationship you will be completely debt free.

Our Services

Trust Deed Scotland – By far our most popular and effective service for people in Glasgow and Scotland generally, a Protected Trust Deed can grant you total immunity from constant creditor harassment while allowing you to eliminate the vast majority of your current debt while freezing your current balance.

If you have over £5000 in unsecured debt to multiple creditors and live in Scotland, you are likely eligible for the process. With just a little information from you, we can transfer your various commitments to creditors into one, massively cheaper, monthly instalment.

Trust Deeds also allow us to protect your most important assets, such as your home and car, which may otherwise be at risk. Without intervention, creditors may eventually take court action which can lead to you being forced out of your home or being put in a position where you have to sell your car.

Alternatively, you may be forced to enter involuntary sequestration which will mean you will have very little control over what happens to all your assets.

By entering into a Protected Trust Deed, legal action against you by creditors becomes prohibited. This means that your creditors have no tools at their disposal to get any money from you, and must simply accept whatever total they receive from your monthly instalments.

The amount of these regular repayments will be dependent upon your income and any relevant assets. Leaving you in a realistic financial situation is our priority – we are on your side. This means that you will end up paying significantly less per month and in one payment, rather than having to struggle to pay minimum repayments to numerous different lenders.

Moreover, when your debt management agreement becomes established, your creditors are forced to freeze your current debt balance. This means that they can no longer add any interest or additional charges so that you will only be paying off what you currently owe, and no more.

In fact, because the procedure is fixed-term, you will end up paying off a lot less than the total you owe. If at the end of the set period, which usually ends up being four years (or 48 reduced payments) there is any remaining debt, this becomes wiped off entirely. Your creditors cannot pressure you for any more money after this point.

Trust Deeds are always the best option if you qualify, and there is 0 initial setup cost. Any payments for our services after that will be taken from the money you owe to your creditors.

If you think you might qualify we recommend you get in contact sooner rather than later so that we can set up your Protected Trust Deed as soon as possible.

Independent Voluntary Agreements – If you live in England, Wales or Northern Ireland and have over £10,000 in unsecured debt to multiple creditors, an Independent Voluntary Agreement (IVA) may be a practical option for you to wipe out debt entirely.

Similar to Trust Deeds in many ways, there is no initial setup cost for entering into the IVA although you will have to make a monthly contribution which satisfies creditors. Again, the process is fixed-term which means at the end of the process (usually five or six years) any remaining debt to the creditors included will be written off completely.

Creditor harassment will also be brought to an end. As soon as we have the agreement in place after getting approval from those who you owe money, they cannot legally attempt to make contact with you. All communications must instead go through us. Your creditors also lost the option of taking legal action against you.

If you think you might be eligible to benefit from an IVA then call our team today; we are happy to work out all of the specifics for you.

Sequestration and Bankruptcy – While these are often considered scary words, they can be very potent ways to put a firm stop to declining finances and the beginning of a fresh start. Whether you are in Scotland and are considering entering sequestration, or are in England, Wales or Northern Ireland and think you might have to declare bankruptcy, our specialists are here to help you negotiate this complicated process.

Many of our clients, although initially sceptical, have seen fantastic results from these debt solutions. These solutions will put a quick end to endless creditor phone calls and demanding letters and can allow you to write off up to 100% of your outstanding debt. The advantages of entering voluntary sequestration or bankruptcy rather than being forced into it by vicious creditors also cannot be overstated.

For more information on what each process entails, check the debt solutions section of our website. Alternatively, call 0800 808 5124 today, and one of our knowledgeable team can talk you through the details and work out whether or not you meet the criteria.

Why Choose Us

Because we are in a unique position where we are exposed to hundreds of people dealing with unmanageable debt every day, we have crafted a service which strikes a balance between efficiency and compassion. We have to be efficient to resolve debt problems as quickly as possible, but we will not sacrifice treating our clients like humans to do so.

After you phone our fantastic team for a chat (or if we phone you after you fill in our debt calculator), they will take some details about your finances and discuss your situation. All of our staff are friendly and understanding; we are not here to judge you, financial trouble affects tens of thousands of people across the United Kingdom every year.

Our staff come up with a totally personal and tailor-fit plan for every one of our clients; any corner-cutting method just does not work. You will also be under absolutely zero pressure to take things any further after listening to what we have to say. You are in charge, as much as we might believe in our debt solutions we are not going to force you into anything.

We listen. We advise. You decide.