Articles

Bailiffs and Legal Action

I’m facing house repossession – what can I do?

If you are threatened with house repossession, you need to act quickly. You may be able to negotiate more time to pay – it is often the case that repossession can be stopped or temporarily halted, a...

Overcoming issues with tax credit overpayments

Tax credits are designed to help individuals and families top up their incomes when they are finding it difficult to pay for essential everyday expenses based on their ordinary incomes.

Bailiffs and Legal Action

What is a charge for payment in Scotland?

If you have been struggling with debt and have found yourself unable to make the required payments to your creditors, you may eventually be in the position where you creditors look to take further act...

Personal Debts

What financial support is there for families in Scotland?

If you’re struggling to make ends meet as a family, there are a number of grants and loans available in Scotland that can ease the pressure, particularly if you’re on a low income or are in seriou...

Credit Score

What is a Notice of Correction with your credit report?

If the information in your credit report is misleading in some way, or misrepresents you, and the credit reference agency isn’t able to remove or amend it, you’re entitled to use a Notice of Corre...

Bailiffs and Legal Action

What is Attachments of Earnings and how does it work?

An Attachment of Earnings, or Earnings Arrestment as it is known in Scotland, is part of the ‘diligence’ process available to creditors who have been unable to collect their monies despite obtaini...

Sequestration

I recently filed for sequestration, how am I supposed to manage without a bank account?

Despite optimistic reports that the economic situation is improving, sequestration levels remain high in Scotland when compared with pre-recession statistics.

Personal Debts

What happens to my personal debts when I get married?

If you’re getting married and are worried about what happens to your personal debts, initially you need to consider whether the debts are in your name only, or are joint with your partner – this d...

Sequestration

What happens to my pension in sequestration?

When you enter sequestration, your assets are placed in the control of a Trustee who will seek to realise as much money as possible from them in order to pay your creditors.

Personal Debts

I can’t afford my buy-now pay-later payment

Buy-now pay-later is a type of credit that offers a deferred period during which you don’t have to make any payments. This could be for a month or longer – sometimes the first payment on an item i...

Budgeting

How do I calculate my monthly living expenses?

If you’ve entered into a Scottish trust deed or any other personal insolvency procedure, and are worried about how you’re going to manage the bills, making a budget is one of the most important st...

Personal Debts

Expert Advice for Out of Work Oil and Gas Contractors

The steep decline of the oil and gas industry in Aberdeen severely affected contractors when the price of crude oil dropped dramatically in 2014. Although prices have risen since then, unfortunately j...