If you're worried about debt or are struggling to manage your money, we can help.
Last year over 1000 people in the Falkirk Council area got help from local money
How we can help
We have our own Debt Advice Team and can give you help and advice on all types of
debt including rent and mortgage arrears, council tax, personal loans, hire purchase
agreements, credit cards, store cards, payday loans and catalogues.
We can help you:
- with personal budgeting support
- deal with your debts
- review the money you have coming in and going out
- understand what the people you owe money to, known as creditors, can and can't do
to recover it
Advice is free, confidential and impartial and is available to anyone who lives
works in the Falkirk Council area.
Citizens Advice Bureaux
Citizens Advice Bureaux are local, independent charities that provide free and confidential
advice and information whoever you are and whatever your problem. They can help
- manage your debts
- improve your financial situation
- make sure that you’re getting all the benefits you’re entitled to
You can use our budgeting tool to help your create your own personal budget plan.
You can also get help online.
Financial Health Service has a range of tools and advice that can
help you make the most of your money.
What are my options for dealing with debt?
Your options may include the following:
If you have income left after paying your housing costs, fuel and food we can contact
your creditors with a financial statement offering affordable repayments.
Debt Payment Plan (Debt Arrangement Scheme)
The Debt Payment Plan (DPP) is a debt management tool introduced by the Scottish
Government. The DPP can help you pay your debt in a managed way, so you are not
being pressured by your creditors and preventing the threat of court action.
This is a more formal arrangement and you need to have outstanding debt of £5000
or more. You must be able to make a payment to your trust deed by having disposable
income available or an asset (normally property) to be sold to finance an offer
to your creditors. As a rule the trust deed normally becomes protected by law, meaning
your creditors cannot take action against you during the time it lasts. The period
you would contribute usually lasts for 48 months, after this you would normally
be discharged from your debt.
This is usually a last resort for serious debt problems. There are 2 ways to apply
- Minimal Assets Process (MAP)
If you wish to apply for you own bankruptcy, you must have debt over £1500, with
no assets and no disposable income. You will be able to apply for your own Bankruptcy
through the Minimal Assets Process (MAP). The application fee for this is £90.00.
You will be discharged from your Bankruptcy after 6 months.
- Full Administration Bankruptcy
If you have debt over £17,000 you can apply for your own Bankruptcy through a Full
Administration Bankruptcy. You will need a Certificate for Sequestration which you
will be given by a Money Adviser. The application fee for this option is £200.00.
If you cooperate with your Trustee you will be discharged from you Bankruptcy after
12 months. Please note that with this option you may have to make a contribution
for up to 48 months.
These are usually regular payment between £1 and £50 per month that can be offered
to creditors instead of the full monthly agreed repayment. This option is particularly
useful if your circumstances are only temporary ie off work sick or recently been
A moratorium is a legally authorised hold on your debt payments for a period of
Home Owners Support Fund
The Scottish Government's Home Owners Support Fund (HOSF) is for home owners who
are finding it difficult to pay their mortgage or any loans that are secured against
their property. HOSF has two schemes for home owners:
- The Mortgage to Rent Scheme
- The Mortgage to Shared Equity Scheme
These schemes help people who are in danger of having their homes repossessed to
stay in their homes as tenants of a social landlord.
How we deal with your personal details
We treat the information you give us in confidence. However, sometimes we may have
to share this information with other services. We will tell you if we need to do
this and ask for your permission. You can access your case records at any time and
copies of all letters can be provided.
Frequently asked questions