Articles

Trust deed vs deed of trust – what’s the difference?

It is easy to see why a trust deed and a deed of trust may be confused with each other, however, in reality they are entirely different things and you should know the differences between the two if yo...

Pros and Cons of a Scottish Individual Voluntary Arrangement

An Individual Voluntary Arrangement (IVA) is a formal agreement between you and your creditors. It is negotiated and set up by a licensed Insolvency Practitioner (IP), who administers it over the full...

Can I enter into a Trust Deed as a sole trader when i'm struggling?

Being in debt as a sole trader can be particularly concerning because you are personally responsible for the debts of your business.

What is an attachment of property for individuals in debt?

One of the most common worries of people in debt is whether they could have their home taken away from them or their possessions sold in order to pay back the money they owe.

What is the 50-30-20 rule for budgeting money?

If you are looking at ways of better managing your money, putting together a solid budget is the best place to start. However, it can be difficult to know where to start and just how much you should b...

I have lost my job and can’t afford to pay my bills. What next?

If you have lost your job and are unable to pay the bills, the first thing you should do is make a list of all your creditors. You will need to prioritise them, and then contact each one in turn.

What are the best money-saving apps to help with debts?

If you are struggling with unmanageable debt, there are a number of apps which can help with better money management. Here is our pick of the best....

Who can apply for Debt Arrangement Scheme (DAS)?

The Debt Arrangement Scheme (DAS) is a government-backed debt procedure aimed at helping Scottish residents pay off problem debt over a longer period of time than stated in their original contractual...

Can I file for sequestration if a debt agency is chasing me?

If you’re filing for sequestration, you’ve probably been pursued by creditors or debt collection agencies for some time, and may view bankruptcy as the best way out of serious debt.

How to claim tax back when working from home

If your employer has told you to work from home, whether full time or part time, you can claim a tax rebate for home working expenses. Find out how, here.

What the Debt Arrangement Scheme reforms mean for debtors and creditors

If you are experiencing financial worries and your debt simply does not seem to be going down, you may be considering entering into a formal debt solution in order to help you manage.

Understanding Universal Credit and Childcare

Universal Credit is replacing a number of state benefits including Working Tax Credits. It incorporates a childcare element for people in work, regardless of the number of hours they’re working.