Articles

Consequences of not paying your water bill in Scotland

The Scottish system of paying for water rates means that you receive notice of the amounts due within your council tax bill, if you don’t have a water meter fitted.

How can I build my personal credit score?

Your personal credit score plays an important part in securing new loans and credit, and can affect your financial life for better or worse. Lenders use the information in your credit file to determin...

How to clear your council tax arrears with a trust deed

If you’re worried that the council might take action against you for non-payment of council tax, entering into a Scottish trust deed can be a beneficial step.

What does ‘Goods viewed for Potential Removal’ mean?

Part of the debt enforcement procedure in Scotland involves the sending out of official enforcement notices to debtors. An enforcement notice can be sent by post, email or fax, or be delivered by hand...

How could sequestration affect my job?

In many cases sequestration doesn’t affect a person’s job, and you may be able to carry on working with no adverse effects on your current or future employment situation.

Why Scottish individuals should be cautious of unregulated debt advice

As part of Scotland’s Financial Health Service, Scottish people in debt are obliged to obtain advice from an approved money advisor prior to entering insolvency processes such as the Debt Arrangemen...

What impact will DAS have on my credit rating?

The Debt Arrangement Scheme, or DAS, is a debt procedure available to residents of Scotland who are struggling to repay their unsecured debts.

17 Signs you’re struggling to cope with debt & need to take act

Debt seems to be a way of modern day life. For some things in life, such as buying a home or paying for a university education, taking on debt and paying this off in instalments may be the only way of...

What is a Money Adviser in Scotland?

When you’re in debt and don’t know which way to turn, obtaining reliable and up-to-date advice is crucial.

What are priority debts and how should I handle them?

When you are experiencing financial trouble, however temporary, it is important to divide your debts into priority and non-priority payments. Priority debts include mortgage or rent payments, utility...

How to stop debt collector harassment for 30 days

When you’re struggling to repay debt it’s difficult to know how to deal with debt collectors, particularly if they take an aggressive approach. Find out more.

Can I request a mortgage holiday when in a Trust Deed/DAS?

Due to the coronavirus pandemic, mortgage lenders have expanded access to mortgage payment holidays for customers experiencing financial difficulty.