Articles

Can a ‘soft search’ increase your chances of a balance transfer?

If you have credit card debt which is attracting a high level of interest, moving this balance onto a lower interest card could save you a considerable amount of money.

I’ve received a persistent debt letter from my credit card company

If you’ve received a persistent debt letter from your credit card provider, you may be wondering what it means and how you should respond.

Do personal debts die with you?

When you die, your debts will be paid from your estate unless they were taken out in joint names, in which case the other person takes on liability for the full amount outstanding. If borrowing is in...

What action can creditors take against you to recover debts?

If you’re struggling to repay personal debt, it’s important that you know the steps that creditors can take to recover their money.

Woman With No Money For Christmas Shopping

I’m worried about how I’m going to afford Christmas

If financial demands on you are severe, it’s understandable if you’re worried about paying for Christmas. It’s such an expensive time of year and it’s very easy to overspend, but there are som...

What are personally guaranteed or guarantor loans?

If you personally guarantee a loan it means you’re committing to repaying any outstanding balance in full in the event of default.

What happens after you are discharged from sequestration?

Being discharged from sequestration represents a key moment in becoming debt-free, and signifies the beginning of an improved financial situation.

My partner and I are considering a joint loan, is it wise?

When taking out a joint loan, there are many things you need to consider. Signing up to a joint credit agreement is a huge commitment and it’s important to ensure you have all the facts before signi...

How to check your credit score for free

Knowing your credit score and keeping a regular eye on your credit file can prove incredibly beneficial if you wish to apply for a mortgage, credit card, loan or other type of credit. By checking your...

What happens after I am discharged from sequestration?

Sequestration typically lasts for a period of 12 months, although if you’re also paying a Debtor Contribution Order (DCO), repayments can continue for a further three years after discharge.

7 Sports That Scotland are Better at Than England…

Scotland’s rivalry with England dates back over 1,000 years to the Battle of Brunanburh when both countries would regularly brawl over territory, and this weekend draws stark similarities as another...

What action can a creditor take to pursue debts that they are owed?

The term for creditor legal action in Scotland is ‘diligence.’ Your creditor will be obliged to follow strict rules for each type of diligence, and if they fail to meet their legal obligations in...