Help with Bank of Scotland Loans and Credit Card Debt

Personal loans are loans that a bank or other lender makes that are not secured against any asset such as your property. They’re also known as unsecured loans.
A loan is a financial contract in which one party – the lender – agrees to give another party – the borrower – a specific amount of money, to be paid back monthly over a set period of time.
There will also be interest payments at an agreed rate, and sometimes additional charges for the administration of the loan. The terms and conditions of a loan will vary from lender to lender, but will be specified in the contract.
The borrower must adhere to the repayment terms stated in the contract – especially repayment dates and interest rates.
If you are already struggling to pay your bills and repay our debts, you shouldn’t take on extra debt such as a personal loan.

The Financial Conduct Authority lays out rules and guidelines on how companies can operate in the consumer credit industry and to prevent unfair practices. The FCAs debt collection rules and guidance sets out minimum standards that all authorised companies involved in debt recovery and debt collection must adhere to in order to be considered fit to operate as a debt collector.
Examples of unfair practices include claiming unfair or excessive collection charges, harassment, misrepresenting enforcement powers (threatening to seize property when lawfully they cannot), bypassing an appointed representative and contacting you directly, threatening legal action when it is unlikely to take place.

If you have a personal loan with the Bank of Scotland and are struggling with the payments click to contact us or submit your details in the contact form to the right of your screen for instant debt advice.
Contact our Debt Specialist team today for confidential advice. We may be able help you by arranging a reduced repayment plan on your behalf and dealing with your debts for you.
As part of our Debt Directory we have listed most of the Loan Companies, Personal Loan and Finance Companies that operate within the UK, providing you with up to date information on each company and details can be found here Personal Loan and Finance Company Debt Directory.

Bank of Scotland plc is registered in Scotland No.SC327000.
Registered Office: The Mound, Edinburgh EH1 1YZ.
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration no. 169628.
Telephone 0845 602 03 04
Subsidiaries – Halifax · Sainsbury’s Bank · Bank of Scotland (Germany) · Intelligent Finance

Website
www.bankofscotland.co.uk/

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There are sources of free debt advice and services, you can find out more by visiting the Money Advice Service website. You Can also view a range of free debt advice services here Free Debt Advice

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