Do you find yourself in a situation where you are expecting a baby on the way & having to deal with the stress of dealing with debts or struggling financially?
With the cost of a Scot’s child costing on average £84,000 until they are 11 years old (reported by www.scotsman.com – https://www.scotsman.com/business/cost-of-raising-scots-child-to-age-11-now-84k-1-3905054), meaning the average yearly cost for a child in Scotland adding up to just under £8,000!
This can add pressure or stress in any household with debt around, as the priority will be to concentrate on supporting your new child (or maybe more!) with costs arising from new furniture, clothes, nappies, child care costs & more food!
As debt will then not be a major priority, if things are tight then generally we find people in Scotland in this situation will stop paying agreed amounts back towards debt or get in more debt to keep above water.
If this is the case simply avoiding the debts can only add more stress, as burying your head in the sand can then lead to mental health issues etc… Click here to find out what are the consequences of avoiding debt.
If you do find yourself in the position one tool you can use to use to prepare for your future child, The Money Advice Service offer a free Baby cost Calculator – https://www.moneyadviceservice.org.uk/en/articles/baby-costs-calculator
So what can we do to help to help?
Here at Scottish Trust Deed we help out people daily who are dealing with the stress of debt whilst either having a kid on the way or already in your arms.
We can check your eligibility for a Scottish Protected Trust Deed & refer you to an Insolvency Practitioner for advice to see if this can be your route to a stress free future.
What are the benefits of a Scottish Protected Trust Deed?
A Scottish Protected Trust Deed can offer you legal protection against your creditors, such as stop all legal action, stop all contact from creditors & ensure you only pay back what you can afford generally for four years, then the rest of your debt is legally written off.
This may effect your ability to gain credit & have an impact on your credit file so please do ensure you seek advice before making a decision.
Would you benefit from;
- Paying back what you can afford each month towards your debt
- Write off any left over debt that is not affordable
- Protect your home & car
- Stop all contact from your creditors
- Stop all legal action including removing earning or bank arrestments
- Be debt free in just 48 months
If you would like a chat with one of our friendly staff or check your eligibility for a Scottish Protected Trust Deed feel free to get in touch –
Click here to leave your details for us to give you a call
Call us – 01418460113
Drop us an email – enquiries@solutionsscotland.co.uk