Articles

Bailiffs and Legal Action

Can a Wage Arrestment be stopped or challenged?

How to stop or challenge a creditor from recovering money from your earnings through a Wage Arrestment or Earnings Arrestment order.

Budgeting

Are you entitled to the Marriage Tax Allowance?

It is estimated that nearly two million UK couples are eligible but yet to the claim the Marriage Tax Allowance.

Free and Cheap Christmas Events for Children, Families, and Individuals in Scotland 2022

With the Cost of Living crisis starting to bite for many families across Scotland, most of us will be looking for ways of keeping up the festive cheer this Christmas while still keeping a close eye on...

Trust Deed

Can you take out joint Trust Deeds in Scotland?

Joint Trust Deeds don’t exist, however, if you want to run a Trust Deed that encompasses debts as a couple, this will be two individual Trust Deeds.

Home appliances increasing your energy bills when not in use

Across the UK, energy prices are rising rapidly so here we highlight the home appliances you should unplug when you’re not using them, to save some money.

Budgeting

What is the 70-20-10 Budget?

The 70-20-10 method of budgeting allocates proportions of your income to three different areas – living costs, debt, and savings. The sheer simplicity of the budget helps you control spending, repay...

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.

Personal Debts

What happens if I can’t afford divorce legal fees?

The emotional strain of divorce can be overwhelming, and further exacerbated by uncertainty over money. Divorce is typically an expensive process, so what happens if you can’t afford to pay your div...

Trust Deed

Can I get an IVA in Scotland?

If you live in Scotland and are finding it difficult to keep up with debt repayments, you may be eligible to enter a Scottish IVA (Individual Voluntary Arrangement).

Sequestration

Advantages and Disadvantages of the Minimal Asset Process in Sequestration

If you are struggling to repay debt because you’re on a low income and have few assets to sell, the Minimal Asset Process (MAP) may provide a way out of this worrying situation.

Personal Debts

Important advice on going bankrupt or declaring yourself bankrupt in Scotland

If you live in Scotland and are considering personal bankruptcy (sequestration), there are certain issues that you need to be aware of. These include an understanding of what will happen to your asset...

Bailiffs and Legal Action

I’ve received a Simple Procedure Notice of Claim – what now?

If you owe a debt of £5,000 or less, your creditor may send you a Simple Procedure Notice of Claim. This procedure that was brought in by the Scottish government with the intention being to make it e...