Credit Card Debt Scotland
Thousands of people in Scotland experience credit card debt at some point, but it only becomes a problem when these debts are causing stress and stopping you live your life properly.
You should always try to pay as much as you can towards your credit card each month. If, however, you feel that you are being left with little or no money to buy yourself monthly essentials it might be time to consider ways of clearing your credit card debt with a Trust Deed or another Scottish debt solution.
One of the benefits of using a Trust Deed to clear your credit card debts is that a percentage of the debt will be written off. You will agree to an affordable amount to pay each month, and your insolvency practitioner will deal with your creditors to stop them contacting you. A Trust Deed in Scotland will not only help with your stress levels but will also let you see an end to your debts.
Don't pay the minimum payment!
It's easier said than sometimes done but if you have credit card debts it is important to try and pay as much as you possibly can towards paying them off. If you are paying minimum payments it is going to take you a very long time to pay off, and you’ll be paying high interest rates every month. If you find yourself in this exact scenario then you should ask yourself if it is sustainable or if it's time to consider a Protected Trust Deed to clear your debts and start afresh.