Syndicate

Syndicate content

User login

Login/Register

Debt help scotland

Submitted by Paolo on Fri, 2006-08-11 09:33.

If you live north of the border and are in need of debt help, Scotland have measures in place to ensure you can find a way out of the red.

Consumer spending is as huge in Scotland as anywhere else in Britain, meaning debt is also a serious problem. The laws relating to debt and insolvency in Scotland are however, slightly different to those in England for serious debt.

Scotland have what are known as Trust Deeds which are similar to an IVA. You enter into a legal agreement with your lenders, make set repayments over a period of time and when you've done this, the rest of the debt is written off. However, your ability to secure such an agreement will depend on your specific circumstances, so you'll need to get in touch with a Scottish debt management company.

Lesser debts can be serviced exactly the same way in Scotland as anywhere else in the UK. For instance if you have multiple debts that you're struggling to make repayments on, it might well be worth considering a debt consolidation loan.  This way you only have to make one payment at a lower rate meaning you can make great savings.

There are many forms of debt help you can find in Scotland. We've got lots of advice articles as well other useful resources if you need help fixing your financial situation. 

Scottish pupils get first debt help lessons

Students in a Scottish school have become the first in the UK to get debt help lessons and advice on other financial issues, in order to help them stay out of the re

UK waking up to rising costs and debt

Nearly three quarters of the UK population are facing up to the fact that they will have to make cutbacks in order to avoid debt, as the cost of petrol and

Scotland more in need of debt help than ever

As much of England struggles to cope with debt and the credit crunch, things are equally as bad north of the border according to new statistics from Callcr

Reclaiming bank charges useful for people in debt

UK consumers struggling with debt might be entitled to recieve a significant payment from their bank for charging them excessively for going into the red o

Debt free by the age of 50

The average UK consumer will be debt free by the time they're 50 according to new research from Money Matters.

Debt help as important as ever in Scotland

The latest figures on debt in Scotland show that things are no better north of the border with debt help companies still experiencing brisk business.

The numbers show that 1,606 Scots were sequestrated (made bankrupt) in the second quarter of the year, which represents a 23 per cent rise from the same period in 2006.

Debt help as important as ever in Scotland

The latest figures on debt in Scotland show that things are no better north of the border with debt help companies still experiencing brisk business.

The numbers show that 1,606 Scots were sequestrated (made bankrupt) in the second quarter of the year, which represents a 23 per cent rise from the same period in 2006.

Debt soars in Scotland

Scottish debt services company INVOCAS expects the already massive amount of personal debt in the country to grow.

John Hall, the chief executive for INVOCAS is concerned about the financial situation many Scottish consumers find themselves in and stated: "The potential (of the situation) is quite frightening. "How many people will be pushed to the brink if there's another rise in interest rates or a change in personal circumstances?"