Debt help
No matter how large or small your problem is, we can help. Our free, expert debt help will advise on the best route out of debt, and offer different types of support to help you become debt free.
Explore your options and how CAP could help you.
Every year, the CAP team empowers around two thousand people to become debt free, and we’re delighted to be walking with you on this journey.
We’ve put this information together as a guide to your journey out of debt. It explains some of the different routes you can take and seek to answer any questions you may have.
Remember, we’re here to take you through the process every step of the way. Our aim is to see you become debt free — so let’s get started.
Your options
Debt Management Plan
Available in: Scotland, England, Northern Ireland, Wales.
A Debt Management Plan involves creating a bespoke, sustainable budget for you as you make manageable payments towards your debts.
Many people choose to repay their debts over time, with CAP’s help. We can set up payment arrangements with each of your creditors and distribute the monthly payment that you make to CAP amongst them.
Debt Relief Order (DRO)
Available in: England, Northern Ireland, Wales.
A DRO is for people with a low income, with a low level of debt and few assets. Many debts can be cleared this way, and we can help you with the application and submit it for you.
Bankruptcy
Available in: England, Northern Ireland, Wales.
Bankruptcy isn’t as scary as it seems – it’s a straightforward process that allows you to become debt free relatively quickly by writing most of your debts off. If you’re unable to repay your debts, it may be the right solution for you.
CAP will explain the consequences of bankruptcy and give you advice about your particular situation.
Sequestration
Available in: Scotland
Sequestration is another word for bankruptcy. There are two types of sequestration available in Scotland: full administration bankruptcy and a Minimal Asset Process (MAP) If you’re unable to repay your debts, sequestration may be the right solution for you.
Minimal Asset Process (MAP)
Available in: Scotland
This is a version of bankruptcy, typically for those receiving benefits or on lower incomes, with relatively small amounts of debt. CAP will check that you qualify for this before helping you with the application and submitting it for you.
Protected Trust Deed
Available in: Scotland
This is a legally binding agreement between you and your creditors. You make regular payments for a fixed time, after which your remaining debts will be written off. CAP can check if this is a suitable option for you.
Individual Voluntary Arrangement (IVA)
Available in: England, Northern Ireland, Wales.
This is an agreement with your creditors to pay towards your debts for a period of five to six years. After this time, the remainder of your debts will be written off.
Administration Order
Available in: England, Northern Ireland, Wales.
You can pay back your debts through a plan overseen by the court, which protects you from any further action from your creditors. We can help you apply for an Administration Order if it’s the best route for you.
Full and Final Settlements
Available in: Scotland, England, Northern Ireland, Wales.
If you are able to pay a lump sum of money, it may be possible to make an arrangement with your creditors to settle the debt for less than the total owed. It’s up to your creditors if they’ll agree to this.
Debt Arrangement Scheme (DAS)
Available in: Scotland
CAP can help you apply for a DAS. This scheme is set up by the Scottish Government to allow you to repay your debts with a single monthly payment. It also stops creditors from taking further action against you.