News

RBS PPI Claims After A Trust Deed in Scotland

Legal Update On 21st November 2019 RBS lost their appeal (RBS v Donnelly) in the Court of Session. You can read the judgment here. The Court found that RBS cannot offset a PPI claim against debts included in a completed protected trust deed. This applies if you’ve been discharged, your trustee has been discharged, and a final […]

Protected Trust Deeds And Your Pension

Some years ago a retired person in the UK owed, on average, £8180. Scottish pensioners were found owe more than the UK average figure. With debt increasingly being increasing prevalent amongst the retired in Scotland and elsewhere, we look at pensions and protected trust deeds. Many pensioners in Scotland have debts vastly in excess of […]

Prison Officer Debt Advice

Can Prison Officers Use a Trust Deed in Scotland? Prison officers may experience debt problems. Work injuries, reduced overtime, or modest pay can easily lead to debt concerns. Bad luck or poor money management can also cause trouble. You can use the common Scottish debt solutions, but employer disclosure is necessary. Failing to disclose your […]

Debt Recovery Legal Actions In Scotland Are In Decline

Just 35,388 debt recovery cases were brought to the Scottish courts in the past year. New official statistics reveal that the total volume of legal debt recovery activity in Scotland has now fallen for the fifth year running. The total number of people being legally pursued for debts is now running at around half the […]

Pensions And Trust Deeds In Scotland

Private Pension Income If you enter a trust deed, private pension income has no special status. It’s treated the same as money earned from work. It will get factored into your trust deed payment. This payment gets based upon how much you can afford. State Pension Income State pension income has no special status. If you’re in […]

Bank Overdraft Debts & Trust Deeds

About Current Account Overdrafts Bank overdrafts are useful to cover emergencies and other short-term needs, but costly and unsuitable for longer-term borrowing. An authorised overdraft is a current account credit facility provided by your bank. An unarranged (or unauthorised) overdraft is extra credit used without permission from the bank. Operating a bank account that’s constantly […]

Other Sources Of Help

The Money Advice Service The Money Advice Service can connect you with free sources of debt counselling, debt adjusting, and credit information services. Tel: 0800 138 7777 Citizens Advice Scotland You can access local debt and money help via Citizens Advice Scotland. Tel: 0800 028 1456 The Accountant in Bankruptcy The Accountant in Bankruptcy oversees […]

Nurses and Scottish Trust Deeds

Can a nurse in Scotland tackle their debt using a trust deed? No General Restriction No general restriction stops you from using a trust deed. Nurses aren’t generally restricted from entering bankruptcy either. This applies whether you work for the NHS or privately. Personal insolvency should not affect your registration. For nurses and midwifes, it […]

Armed Forces Personnel & Scottish Trust Deeds

Can Military Personnel Enter A Trust Deed? Members of the UK’s armed forces do enter trust deeds. If you live in Scotland, this is an option to tackle a debt problem. They’re not suitable for everyone. Some job roles could get affected. This page applies to members of the: • British Army • Royal Navy […]