Royal Bank of Scotland Debt Advice & Support
Are you feeling overwhelmed with RBS debt? We can help. At PennyPlan, our team will help you gain control with the right debt plan and a clear understanding of your options.
- Write off 75%* of unaffordable debt
- One lower monthly payment
- Stop creditor hassle and bailiffs
- Access mental well-being services
Your credit rating may be affected if you opt for a debt solution.
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Get information today on your available options
Finding Support When RBS Debt Becomes Hard to Manage
RBS debts usually feel overwhelming when the account is working against your budget instead of supporting it. Payments fall out of sync with what you can comfortably manage, and the balance starts to grow quietly in the background. Once that happens, it helps to look at the situation in a clearer, more structured way, so you can see what’s driving the pressure and what can be changed.
If payments fall behind, RBS may apply additional interest or charges, and the debt could eventually be passed to a collection agency. This can feel unsettling, but it does not mean the situation is beyond help. There are steps you can take to prevent things from getting worse and to bring some structure back into your finances.
We will look at your full financial picture before offering guidance, taking time to understand your income, essential spending, and other commitments so any advice reflects what you can realistically manage. The aim is to give you a route forward that feels stable and achievable.
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Royal Bank of Scotland Loan Debt
RBS loan repayments can become difficult when incomes change or household costs rise. Arrears can often build in stages. First you may see reminder letters, then additional interest, followed by stronger collection activity if the balance continues to fall behind. A default notice usually appears once RBS believes the account cannot return to the original agreement.
A review of your income and essential costs helps you work out what you can realistically manage. RBS might accept a reduced repayment plan for a period, although this depends on how far the account has progressed and what you can afford each month.
There are recognised ways to deal with loan debt when a temporary plan is not enough, and this is where we can help. Our team will talk you through practical debt solutions available like a Debt Management Plan (DMP), Individual Voluntary Arrangement (IVA), or Debt Relief Order (DRO) – so you can get back on track.
We Help With Most Debts - Not Just Nationwide!
*Mortgage debt can be included if you no longer own the property in question.
Example Of An IVA
UNSECURED DEBTS
Your Monthly Repayments:
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Subject to creditor acceptance. Payment subject to individual circumstances.
Credit Rating may be affected. Fees apply, subject to individuals circumstances.
Reasons To Choose PennyPlan
- Stop all interest & charges
- Write off debt
- Access well-being services
- Reduce monthly payments
Royal Bank of Scotland Overdraft Debt
RBS overdraft debt can build slowly and feel hard to control. Interest and daily fees increase pressure, and it becomes difficult to see a point where the balance stops rising. If your overdraft has turned into a long-term burden rather than a short-term buffer, you are not alone. Many people reach this stage without realising how quickly charges can grow.
At PennyPlan, we help people understand their options and regain a sense of direction. You can take steps to manage the balance and reduce the pressure without facing this alone.
How Could a RBS Debt Repayment Plan Work
Up and down the UK, our team helps people get their finances back on track through dedicated debt solutions. We listen to your circumstances and explain your options clearly.
IVA
Individual Voluntary Arrangement
An IVA consolidates your debts into one affordable payment plan, with some RBS debts potentially written off.
DMP
Debt Management Plan
A repayment plan that combines debts into one monthly payment. Interest can be reduced or frozen, helping ease financial pressure
DRO
Debt Relief Order
A debt reduction programme for those on low income. Certain debts can be cleared, with no ongoing payments required during the DRO.
Find Out For FREE What Debt Help Is Available To You
Get Help With RBS Debt Today
We’ve helped people across the UK take control of their debts and get their lives back on track. Our trained advisers will assess your individual situation and guide you towards the best way to manage and resolve your finances.
Do I Qualify
For an IVA?
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Get RBS Debt Help Today & Talk To An Advisor
We understand how stressful dealing with RBS debt can be, but don’t panic, there is help available. Our team will listen to your situation and help guide you through your options to get your finances back on track.
To get help with RBS debt chat to a member of our team today.
- One lower monthly payment
- Write off 75%* of unaffordable debt
- Freeze interest & charges
- Stop legal action including bailiffs
- Receive FREE well-being sessions
Can Nationwide Write Off My Debt?
Yes. RBS debts can usually be included in an IVA or a DMP because it is classed as unsecured borrowing. Both solutions allow you to bring the overdraft into a structured repayment plan, which often makes the debt easier to manage. The right option depends on your income, the size of your debts, and how much you can realistically afford each month.
Our advisers explain how each option works in detail and help you decide which approach fits your income, priorities, and long-term goals.
Tackle Your Debt And Your Mental Health In One Place
Our team are committed to getting your finances and well-being back in top condition
Apply for our eligibility check
Find out if you match the minimum criteria we require to enter you into one of our IVA plans
Speak to our debt specialists
Speak to our friendly debt specialists, who will explain all the options available to you.
Choose your debt solution
Now you have all the options available, you can make an informed decision that is right for you and your family.
Do I Qualify
For an IVA?
What Our Customers Say About Us
Maria
3 days ago
PennyPlan were extremely professional and genuinely caring, I am very happy that I made the call and now have a plan in place and peace of mind. From the first contact to the signing of the agreement it was straight forward and simple plus the staff really are exceptional in the way they listen and understand’ I couldn’t have asked for a better company.
Emily
4 days ago
For over a decade I have kept my money worries to my self away from friends and family one phone call with Leah and I had laid it all bare without a second thought nothing shocked her and nothing wasn’t sortable I’m forever grateful I stumbled across this company and no longer have to worry about money on my own. Highly recommend!!
Daniel
4 days ago
PennyPlan offered insightful, professional and empathetic support throughout my insolvency. Declan in particular was friendly, personable and knowledgeable, and a massive help throughout the process. They offer a no pressure service and allow you to make the best decision for yourself. I highly recommend these guys for anyone struggling with debt.
Mark
1 week ago
I was hesitant in applying for an IVA, But my mind was put at ease on the first call. The whole process was explained to me with complete care and understanding and I didn’t feel judged at all. Since being accepted for the IVA my mental health has improved so much and I now don’t worry about how I am going to put food on the table each week.
Royal Bank of Scotland Debt FAQs
If you cannot repay your RBS overdraft, the bank may continue adding interest and daily fees. They might also ask you to reduce the balance, freeze the account, or move your debt to a repayment arrangement. Support is available before things reach that point, and you can explore plans that make the balance more manageable.options to stop the situation from escalating.
RBS may agree to freeze interest or adjust fees when someone is experiencing financial difficulty. These decisions are made on a case-by-case basis, so it helps to contact them early and explain your situation.
The bank may freeze the account or limit its use when the overdraft is no longer sustainable. This is usually part of their process for handling financial difficulty. You can still open a basic account elsewhere so essential money is protected while you arrange support.
Yes. You can open a basic bank account with another provider even if you owe RBS money. Many people do this to keep income and essential spending separate while dealing with debt.
An overdraft may be written off through certain debt solutions, such as a DRO, IVA, or bankruptcy, depending on your circumstances. Each option has specific criteria, and PennyPlan can explain what may apply to you.