Articles

Getting a Mortgage with a Bad Credit Score

It is possible to get a mortgage with a bad credit rating, even if you have previously been declared bankrupt. Mortgage loans for bad credit borrowers do exist – you may just need to look a little h...

Can creditors contact me when I am in a trust deed?

Less serious than sequestration (bankruptcy), a trust deed is a formal payment plan which allows you to take control of your debts in an affordable manner.

How to draw up an effective budget

For the thousands of Scots who struggle to get to the end of the month without relying on some form of credit, an effective budget could be a massive help. A comprehensive and truthful budget will all...

Can I claim PPI compensation if I’m bankrupt or sequestrated?

Following the boom of mis-sold PPI pay-outs in recent years, this is a question that is cropping up more and more often.

5 simple steps to rebuilding your credit score

If your credit score has been affected by problem debt, you may be looking for ways to start rebuilding it and getting on with your financial future.

Man Holding An Empty Wallet With Credit Cards

What happens if I don’t keep up with credit card repayments?

Credit card debt is unsecured so you don’t need to worry about any of your assets being repossessed, but getting behind with credit card repayments can still cause an alarming spiral into debt.

How Trust Deeds and Sequestration view Secured and Unsecured Debts

If you’re a Scottish resident struggling with personal debt and you’re considering a trust deed or sequestration as possible solutions, it’s important to realise that some types of debts cannot...

What to Consider When Applying for an Unsecured Personal Loan

Unsecured personal loans are generally taken out for one-off purchases such as a car or a special holiday. The attraction of this type of loan is the fixed interest rate and fixed terms offered, as bo...

Summary warrants, time to pay and charge pay in Scotland

If you fall behind with certain financial liabilities in Scotland, such as council tax or income tax, there are certain procedures available to your creditors that allow them to collect the monies qui...

How to challenge a County Court Judgment in Scotland

A County Court Judgment (CCJ) in Scotland is called a decree. So what is a decree and can you challenge one? And what does it mean for your credit rating?

How Universal Credit works in Scotland

The introduction of Universal Credit was intended to simplify the benefits system and reduce the opportunity for fraud, but it has received much criticism, partly due to an inherent lack of flexibilit...