News

Credit Rating

In general terms, it is important to understand that all debt solutions are likely to result in damage to your credit rating. This can cause difficulties in obtaining credit in the short term and there is some likelihood that such difficulties may continue in the medium to long term. In connection to all debt solutions […]

Tackling Credit Card Debts

Credit cards are the most common Scottish trust deed creditor. With low minimum payments and high interest, such debts are hard to clear. For expert debt advice about your credit cards, please get in touch. What Is A Credit Card? It’s a plastic card used to purchase services and goods on credit. The borrowing level gets […]

Credit Card Debt And A Protected Trust Deed

If you have credit card debts that you are struggling to repay, a Scottish protected trust deed might be one option to consider. In this article we review the relationship between the high debts that can accrue on credit cards, whether credit card companies accept protected trust deed proposals, and how credit card debt may […]

Couples Dealing With Debts

When confronting debt problems many couples assume that they must both approach their debts using the same debt solution. If a husband intends to sign a Scottish trust deed should his wife choose the same route? If a girlfriend intends to enter sequestration is there any reason why her boyfriend shouldn’t consider the debt arrangement […]

Council Tax Arrears & Protected Trust Deeds

Is Council Tax Debt Included in Scottish Trust Deeds? Council tax arrears gets included in trust deeds in Scotland. These debts often feature in people’s list of creditors. Other formal debt solutions (described below) also address this type of debt. Local authorities are quick to employ aggressive debt collection methods. Dealing with debt can become an […]

Company Directors – Linked Personal And Company Debt Problems

Introduction There have been several threads in our forum recently where company Directors have found their own finances to be in deep trouble following trading problems at the limited companies that they operate. Often these difficulties relate to personal guarantees given to banks for company debts. Sometimes they can relate to personal debts run-up in […]

Can you start a Scottish trust deed if you are a prison officer?

The Scottish Prison Service has been subject to major financial cutbacks. This meant that some Scottish prison officers were subject to a pay freeze and changes to their pension arrangements. For many prison officers in Scotland, this resulted in an overall reduction to their standard of living and a greater exposure to personal debt. Where […]

Police Officers and Debt

Police officers experience debt problems. Work injuries and marital issues are sources of financial difficulty. Police offers are especially exposed to such issues. Bad money management and bad luck can also lead to financial troubles. You have access to major debt solutions, but disclosure obligations exist. Disclosure may be essential to maintain continued employment. To […]

Can I Claim Back PPI After A Trust Deed In Scotland?

Is it possible to reclaim PPI after you’ve been discharged from your protected trust deed? This might seem like a simple question for which there should be a straightforward answer. The reality is a little more complicated. Let’s start with the basics… Trustees (the insolvency practitioners that handle trust deeds) have been instructed to look into […]