Personal Debts Articles

Personal Debts

What reason should I give when applying for a personal loan?

When you apply for a personal loan it’s important to be open with the lender and tell them exactly what the loan is for.

Personal Debts

What happens if you lie on a credit card application?

When credit card companies make a decision about you as a potential customer, they use the information on the application form to assess your credit-worthiness, and establish the most appropriate leve...

Personal Debts

5 Inspirational Stories Of People Who Defeated Their Debt

When you have large personal debt, it often feels as if there’s nothing you can do to get out of that situation. You throw away bills, ignore phone calls, and often feel overwhelmed and scared.

Personal Debts

Moving abroad to escape unpaid debts – what happens?

If you are drowning with unmanageable debt, you may be tempted to try and escape this for good by leaving the country. You may be considering a move abroad for other reasons, such as to be closer to f...

Personal Debts

Dealing with high property factoring fees in Scotland

High factoring fees are placing an increasing financial strain on many property owners in Scotland, with some property factoring companies being criticised for huge price rises for what is often only...

Personal Debts

Understanding credit cards: Balance transfer vs money transfer

You may already know that shifting credit card debt from a high interest card over to a low interest one can save you a significant amount of money

Personal Debts

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.

Personal Debts

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.

Personal Debts

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...

Personal Debts

Dealing with rent arrears – Advice for Scottish residents

Keeping up with rent payments isn’t easy for a lot of Scottish residents but if you’ve found yourself unable to pay your landlord for any reason then you should look to take action sooner rather t...

Personal Debts

Can I write off my debts in Scotland?

If you cannot pay your debts in full over an extended period of time, you may be able to legally write off some or all of them using one of the formal debt solutions which are available in Scotland.

Personal Debts

Should I pay off my debts or save – or both?

If you have money left over at the end of the month, you may be wondering how best to use it. Should you pay off your debts, or is saving a better option? You might even be considering both.