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Knowing which debt solution is right for you can be confusing. Luckily, our handy debt solution pages provide all the information and advice you need to decide which solutions might work for you.

Learn more

Learn more about how to manage debt and access free debt advice by checking out www.moneyhelper.org.uk or read about your options for paying off your debt.

Simply select one of the financial solutions below to find out more, or call us to speak to an expert debt advisor.

Debt Management Plan (DMP)

A Debt Management Plan (DMP) is an informal agreement that you reach with your creditors allowing you to repay your debts with one single affordable monthly payment, without having to take on more debt.

Debt Relief Order (DRO)

An alternative to bankruptcy, a Debt Relief Order (DRO) is designed for people with no more than £50,000 of debt, and with a disposable monthly income of below £75.

Protected Trust Deed

A Protected Trust Deed is a formal and legally binding debt repayment agreement for residents of Scotland. It’s designed to take unmanageable debts and consolidate them into a single monthly payment.

Debt Consolidation Loan

If you make multiple payments to creditors for your unsecured debts, a Debt Consolidation Loan can help you manage your finances more easily by combining your repayments into one monthly sum.

Individual Voluntary Arrangement (IVA)

An Individual Voluntary Arrangement (IVA) allows you to make a single affordable monthly payment over a period of 5 or 6 years, after which any remaining debt is written off.

Debt Arrangement Scheme

The Debt Arrangement Scheme is a government-backed debt payment programme which allows Scottish residents to repay their debts.

Administration Order

An Administration Order is a formal agreement that allows you to pay back your debts over a set period of time, usually 3 years. It’s designed for those with 2 or more debts totalling less than £5,000 and an unpaid County Court Judgement (CCJ).

Minimal Asset Process (MAP)

Designed for residents of Scotland with little to no assets, and without disposable income to make debt repayments, a Minimal Asset Process (MAP) scheme offers a way to pay off debts you can’t afford.


Bankruptcy is a type of insolvency that writes off debts you can’t afford to repay. It might be suitable for you if you don’t think you’ll be able to repay your debts within a reasonable amount of time.


Clear off outstanding balances with a one-off, lump sum Settlement loan. You can choose whether to pay off your debts partially or in full.


Sequestration is a form of insolvency and the Scottish equivalent of Bankruptcy. Once a Sequestration is completed all remaining debts are wiped.

Debt Respite Scheme (Breathing Space)

Often referred to as Breathing Space, the Debt Respite Scheme is a government scheme available to people struggling with mounting charges and interest. It allows you to apply for a grace period of up to 60 days to either put together a long-term debt plan or get back on your feet.

How it works.

We try to make your life as easy as possible, so we do as much of the work for you as we can. Here’s what happens when you get in touch:

Tell us more.

You can speak to us in complete confidence about your finances and the debt struggles you’re facing.

Make a plan.

With the information you tell us, we’ll make a plan to help you get out of debt. This could be using one of our trusted debt solutions or turning to other support options.

Here for you.

We’re here for you every step of the way. We can contact your creditors on your behalf to tell them that you’re with us, or we’ll make sure you know exactly who can help you.

Which debt solution is right for you?

If you’re unsure which of our debt solutions services is right for you, don’t worry. Our team of expert debt advisors are here to help you find a solution that’s right for you. 

At MoneyPlus, we appreciate that everyone’s financial situation is unique and that a ‘one-size-fits-all’ approach simply won’t cut it. We approach each of our customers with the utmost care and compassion to help you get back on track. 

Find out more about the trusted debt solutions we offer. Get in touch with MoneyPlus Advice today.