Featured Articles
What is an attachment of property for individuals in debt?
14th May 2018One of the most common worries of people in debt is whether they could have their home taken away from them or their possessions sold in order to pay back the money they owe. Unfortunately this is a possibility; however, it is often the final step after a long process of debt recovery by the […]
What is an inhibition court order in Scotland?
14th May 2018An inhibition order is a form of diligence used by creditors in Scotland which affects what you can do with your heritable property. In Scottish law, ‘heritable’ property refers to all land and buildings that you own, whether you live in them or not. In most cases, an inhibition order will affect your primary place […]
What Scottish individuals need to know about diligence and debts
14th May 2018Diligence 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 creditor. Before any type of diligence can be actioned, creditors must have formally requested payment in writing; this is known […]
How to draw up an effective budget
10th May 2018For the thousands of Scots who struggle to get to the end of the month without relying on some form of credit, an effective budget could be a massive help. A comprehensive and truthful budget will allow you to see exactly where your money is going and will highlight any problem areas, allowing you to […]
How to manage your finances if you’ve been made redundant
10th May 2018If you’ve been made redundant, you may be entitled to receive redundancy pay if you’ve worked for the same employer for two continuous years. The amount you receive depends on your age, length of service, and final wage, but it can be a crucial lifeline during the coming months. Managing your finances after redundancy is […]
Consequences of not paying your water bill in Scotland
10th May 2018The Scottish system of paying for water rates means that you receive notice of the amounts due within your council tax bill, if you don’t have a water meter fitted. Should you get behind with your payments for water/sewerage services, the council will let you know by letter initially. You’ll have seven days to bring […]
