Ac­coun­tants launch debt ad­vice

The Herald Business - - News Digest -

IN­DE­PEN­DENT ac­coun­tancy firm French Dun­can has launched FD Debt So­lu­tions, a new con­cept in con­sumer debt ad­vi­sory es­tab­lished to pro­mote a pro­fes­sional per­sonal in­sol­vency ad­vi­sory ser­vice to clients across Scot­land.

In Scot­land last year, more than 20,000 peo­ple en­tered into some form of per­sonal in­sol­vency and a fur­ther 30,000 en­tered into a Debt Ar­range­ment Scheme where the re­pay­ment of debts c an be re-sched­uled. With the ma­jor­ity of th­ese a re­sult of over-spend­ing on credit cards and per­sonal loans, FD Debt So­lu­tions now of­fers a user-friendly way to ad­vise Scots on their op­tions out of debt.

“Usu­ally, the credit card debt was racked up to pay the weekly food, heat­ing or hous­ing bills,” said Eileen Black­burn at FD Debt So­lu­tions. “Just over­spend­ing slightly means debt can soon mount up and can lead to the temp­ta­tion of pay day loans. The good news is that there are op­tions avail­able. Se­ques­tra­tion and Pro­tected Trust Deeds al­low in­di­vid­u­als to write off some of their debts, while the Debt Ar­range­ment Scheme al­lows the debts to be re-sched­uled over a longer pe­riod of time. Th­ese op­tions pro­vide re­lief from the red let­ters and phone calls from which most debtors have suf­fered. They are se­ri­ous steps though, so al­ways seek ad­vice at the out­set from a pro­fes­sional.”

Eileen Black­burn is of­fer­ing op­tions for debt

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