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FREE and Cheap Christmas Events for Children, Individuals, and Families in Scotland 2018
14th November 2018Amidst the flurry of social gatherings, last minute shopping, and getting in the supplies for hosting the big Christmas dinner, the festive season can end up being extremely expensive. While we all want to enjoy this time of year, it is important not to let your budget run away with you. If you are wondering […]
What is the Rental Exchange scheme and how can it help improve my credit rating?
7th November 2018The Rental Exchange scheme is a new initiative which allows tenants to have their monthly rental payment recorded on their credit file. This is a huge step forward for tenants, who until now, were not rewarded for consistently paying their rent on time. This is in contrast to homeowners, whose monthly mortgage payment is recorded […]
What are the pros and cons of a debt arrangement scheme (DAS)?
8th October 2018The debt arrangement scheme, or DAS, is a government-backed procedure designed to offer residents of Scotland who are experiencing escalating debt the chance to fully repay their creditors rather than declare full insolvency. Every type of debt solution has its benefits and drawbacks, so let’s have a look at some of the pros and cons […]
How long does a trust deed stay on your credit file?
5th October 2018Entering into a Scottish trust deed is an effective way to escape unmanageable debt, and allows for a fresh financial start once the trust deed term has come to an end. As with all official debt procedures, however, there are negative aspects that require consideration. One of these factors is the adverse effect a trust […]
How does a trust deed work?
4th October 2018Trust deeds are formal insolvency procedures that are available only in Scotland. They offer a viable alternative to bankruptcy if you’re struggling to repay unsecured debt, and generally last for three to four years. Trust deeds work by transferring your assets to the trustee, and making a single affordable monthly repayment that is then distributed […]
Can I borrow money whilst I’m in a Trust Deed?
3rd October 2018Borrowing money when you’re already deeply in debt requires careful consideration, and consultation with your trustee, as there are various factors associated with further borrowing in this situation that can make you vulnerable to court action. One factor is your adverse credit record that does make borrowing difficult whilst you’re in a trust deed, but […]
