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What to do if you are in debt to Klarna Buy now pay later app

What to do if you are in debt to Klarna

While ‘buy now, pay later’ services like Klarna can feel like a shopper’s best friend, they can also be a fast track to debt.

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What's the Register of Insolvencies and are Trust Deeds visible? Register Of Insolvencies

What's the Register of Insolvencies and are Trust Deeds visible?

The Register of Insolvencies is a public register that documents Trust Deeds until five years after the discharge date and includes personal details.

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Debt and divorce – Understanding liability and what happens to marital assets Going Through Divorse With Debt

Debt and divorce – Understanding liability and what happens to marital assets

Just as marital assets are divided during divorce proceedings, responsibility for debt incurred during the marriage will also need to be split.

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Am I liable for my partner’s debt? Are partners in couples liable for debt

Am I liable for my partner’s debt?

Liability for a partner’s debt depends on whether the borrowing is in joint names or your partner’s sole name. In essence, if the debt is in their sole name you cannot be held liable unless you ha...

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What is a Minimal Asset Process (MAP)? Formerly LILA Debt Relief

What is a Minimal Asset Process (MAP)? Formerly LILA

MAP allows a path into sequestration, the term used in Scotland for bankruptcy, for people on low incomes and with few assets who may not otherwise be eligible for a formal debt relief solution.

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How the Rental Exchange scheme can help improve credit ratings

How the Rental Exchange scheme can help improve credit ratings

The Rental Exchange scheme is a new initiative which allows tenants to have their monthly rental payment recorded on their credit file.

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I need a personal loan but have a poor credit score, can a credit union help me?

I need a personal loan but have a poor credit score, can a credit union help me?

Credit unions in Scotland provide services to more than 250,000 people and one in 20 Scottish residents are members.

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Can a default be removed from your credit file? Credit File

Can a default be removed from your credit file?

When lenders decide whether or not to offer you a loan, it is the information held on your credit file that forms the basis of their decision. This information also helps to combat fraud, as your iden...

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Can I remortgage while in a Trust Deed/Sequestrated/DAS? Trust Deed Remorgage

Can I remortgage while in a Trust Deed/Sequestrated/DAS?

If you’re a homeowner in Scotland, and are experiencing high levels of debt, your property may be affected when you enter a formal debt relief procedure.

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What happens to your bank account when entering a Scottish Trust Deed? Trust deed what happens

What happens to your bank account when entering a Scottish Trust Deed?

If you’re entering a Scottish trust deed, it’s important to make sure you transfer your current account to another bank before it is signed. This is because, if you owe money to the bank, they hav...

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What is a decree or CCJ and how could it affect me? Law Scales And Hammer

What is a decree or CCJ and how could it affect me?

In Scotland, County Court Judgments (CCJs) are referred to as a decree.

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How can I apply for bankruptcy in Scotland? How To Apply For Bankrupt

How can I apply for bankruptcy in Scotland?

If you’re in serious debt with no hope of repaying your unsecured creditors, you don’t have to wait for a creditor to take legal action against you. You may be able to take matters into your own h...

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Our Insolvency Practitioners are regulated by ICAS or the IPA and our firm is authorised and regulated by the Financial Conduct Authority

Fees and Information: There are fees associated with our services. These will be fully explained before entering into any of the personal debt solutions referred to on this website. Full details of our fees and how these are charged are fully explained to you prior to you committing to any particular service.

ICAS Insolvency Practitioners
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