Debt Solutions

There are many debt solutions available to help you tackle and resolve your problems. We can help to advise you on the best method available to resolve your situation, certain solutions may not help with your particular situation or be available in your country.

7.8% APRC RepresentativeRepresentative example: Assumed borrowing of £37,700 over 180 months, with a fixed borrowing rate of 6.4% per annum for the first 36 months, followed by 144 months at the lenders standard variable borrowing rate of 5.9%. There would be 36 monthly installments of £356.89 followed by 144 installments of £347.59. Total amount payable £63,021 comprised of loan amount (£37,700) interest (£21,791) Broker fee (£3,000) Lender fee (£530). This would result in an overall cost of 7.8% APRC.Basik Money Ltd may receive payment from product providers.Loans are subject to credit checks, affordability checks and a valuation of your property.
If you are thinking of consolidating existing borrowing you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR LOANS SECURED ON IT.Basik Money Ltd SC541443, Authorised and Regulated by the Financial Conduct Authority FRN 760841. Registered with the ICO under registration number ZA197235.

Debt Consolidation

If you have borrowed money from multiple lenders, a debt consolidation loan could help you take control of your finances and keep track of how much you’re paying each month.

IVA

If you have borrowed money from multiple lenders, all you have to do is make one affordable monthly payment to one of our qualified legal professionals who distributes your payments to creditors.

Trust Deed

If you have borrowed money from multiple lenders, a trust deed might be the best option for you. A trust deed is an arrangement in Scotland where you make reduced payments over 4 years, after which, your unsecured debts are written off.

Debt Management Plan

If you are struggling to meet your monthly repayments to your creditors, a debt management plan could be the best choice to help with problems, making a single affordable monthly payment.

Debt Arrangement Scheme

A debt arrangement scheme is an agreement in Scotland where you can consolidate serious levels of debt and repay your creditors with a monthly amount that you can afford.