Articles

Budgeting

How does debt affect benefits in Scotland?

Universal Credit (UC), Housing Benefit, and the Council Tax Reduction Scheme are just three types of benefits in Scotland but what happens if you're in debt?

DAS

What are the options for dealing with debt in Scotland?

Scotland has a number of formal debt solutions that can help you deal with a difficult financial situation.

Personal Debts

How to avoid selling valuable belongings to a pawnbroker

Using the services of a pawnbroker may be tempting if you need cash urgently and cannot obtain credit, don’t have a bank account, or are facing serious debt. But it may not be the best way to deal w...

Bailiffs and Legal Action

Diligence and debts? What actions can creditors take to recover debts?

Diligence is the technical term for enforcement and comes in many forms. Diligence can only be used following court action and is therefore the result of a lengthy recovery campaign on the part of the...

Help with catalogue shopping debts

Catalogue companies offer attractive payment terms, such as 0% interest and 'buy now pay later'. But what happens when catalogue spending spirals into debt?

Sequestration

Personal Loans for People in Bankruptcy

Getting personal loans after a bankruptcy discharge can be a problem because your credit file will be adversely affected by the insolvency.

Bailiffs and Legal Action

Debt Collectors vs Sheriff Officers: what’s the difference?

If you have fallen behind in your debt repayments to creditors, you may find yourself visited by a Sheriff Officer or debt collector looking to recover the money you owe.

Trust Deed

How will a Scottish Trust Deed affect my property?

If you’re thinking of entering into a Scottish trust deed and you’re also a homeowner, you may be worried about how the arrangement will affect your home.

Personal loans and debt problems

Personal loans are perhaps one of the most straightforward ways of borrowing money but they can nonetheless be a source of serious financial complication and concern.

DAS

Why is a Debt Arrangement Scheme better than a Debt Management Plan?

If you’re struggling to repay debt and looking for a way to better manage the situation, you may have come across two commonly-offered options.

Sequestration

Sequestration explained for Scots with personal debts

Sequestration is the Scottish term for bankruptcy, and is often seen as a last resort by those in personal debt.

Personal Debts

Understanding defaulted bank loans and the consequences of defaulting

What happens when you default on a bank loan largely depends on whether the loan is secured or unsecured. Secured loans mean that you have provided security in the event of default, usually in the for...