Ever had a letter through the door saying you owe £1000’s for a Department for Work & Pensions (DWP) over payment? Stressing about how you will pay it back?
No need to bury your head in sand or to continue to worry! The worst thing to do about any debt this day & age is to leave it, bury your head in the sand & try to forget about it, as it will only get worse & especially a debt like this one.
First of all if you receive such a letter the first thing you need to do is get a break down sent out from the Department for Work & Pensions (DWP) for what you owe & study it to see if you believe you genuinely owe the money back or not. If you believe you don’t owe the money & would like to appeal the money owed best to pop to your local Citizens Advice to know your rights – https://www.citizensadvice.org.uk/benefits/benefits-introduction/problems-with-benefits-and-tax-credits/benefit-overpayments/
Department for Work & Pensions (DWP) & HM Revenue & Customs (HMRC) have been known in the past to pay out sums without properly calculating them & once they have been properly calculated look to redeem the money from the individual. This can be very worrying for people on benefits or tax credits as this is almost a huge loan that most do not have the disposable income to pay back & they will charge you interest on money owed just like a loan!
This is very common nowadays & there is a solution for people in Scotland who do owe the money & need a route to clearing the debt. In Scotland you can use a Scottish Protected Trust Deed if you owe more than £5000 of unsecured debt & the Scottish Protected Trust Deed will get you debt free in 48 months paying back what you can afford & all debt that is not affordable to be written off. The Scottish Protected Trust Deed can offer other benefits such as;
Being debt free in 48 months
Pay back what you can afford each month
Stop creditors contacting you for the debts
Freeze all interest & charges
Stop any legal action against you for the debt
Please note the Scottish Protected Trust Deed could effect your credit file & it will stop you borrowing major credit the four years you are in the plan.
If you would like to more about the Scottish Protected Trust Deed get in touch by leaving your details through our site or our details are below;