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Understanding credit cards: Balance transfer vs money transfer Stack Of Credit Cards
Personal Debts

Understanding credit cards: Balance transfer vs money transfer

You may already know that shifting credit card debt from a high interest card over to a low interest one can save you a significant amount of money

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What is an inhibition court order in Scotland? Court Order
Bailiffs and Legal Action

What is an inhibition court order in Scotland?

An inhibition order is a form of diligence used by creditors in Scotland which affects what you can do with your heritable property.

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Your guide to getting a mortgage after a Trust Deed Guide to get a mortgage
Trust Deed

Your guide to getting a mortgage after a Trust Deed

If you’re about to be discharged from a Trust Deed, you may be wondering to what extent your ability to obtain a mortgage has been affected.

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Can I borrow money whilst I’m in a Trust Deed? Can I Borrow Money
Trust Deed

Can I borrow money whilst I’m in a Trust Deed?

Borrowing money when you’re already deeply in debt requires careful consideration, and consultation with your trustee, as there are various factors associated with further borrowing in this situatio...

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What to do if you are in debt to Klarna Buy now pay later app
Personal Debts

What to do if you are in debt to Klarna

While ‘buy now, pay later’ services like Klarna can feel like a shopper’s best friend, they can also be a fast track to debt.

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What's the Register of Insolvencies and are Trust Deeds visible? Register Of Insolvencies
Trust Deed

What's the Register of Insolvencies and are Trust Deeds visible?

The Register of Insolvencies is a public register that documents Trust Deeds until five years after the discharge date and includes personal details.

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Debt and divorce – Understanding liability and what happens to marital assets Going Through Divorse With Debt
Personal Debts

Debt and divorce – Understanding liability and what happens to marital assets

Just as marital assets are divided during divorce proceedings, responsibility for debt incurred during the marriage will also need to be split.

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Am I liable for my partner’s debt? Are partners in couples liable for debt
Personal Debts

Am I liable for my partner’s debt?

Liability for a partner’s debt depends on whether the borrowing is in joint names or your partner’s sole name. In essence, if the debt is in their sole name you cannot be held liable unless you ha...

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What is a Minimal Asset Process (MAP)? Formerly LILA Old couple sorting out their debts
Sequestration

What is a Minimal Asset Process (MAP)? Formerly LILA

The Minimal Asset Process (MAP) allows a path into sequestration, the term used in Scotland for bankruptcy, for people on low incomes and with few assets who may not otherwise be eligible for a formal...

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How the Rental Exchange scheme can help improve credit ratings
Credit Score

How the Rental Exchange scheme can help improve credit ratings

The Rental Exchange scheme is a new initiative which allows tenants to have their monthly rental payment recorded on their credit file.

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I need a personal loan but have a poor credit score, can a credit union help me?
Credit Score

I need a personal loan but have a poor credit score, can a credit union help me?

Credit unions in Scotland provide services to more than 250,000 people and one in 20 Scottish residents are members.

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Can a default be removed from your credit file? Credit File
Credit Score

Can a default be removed from your credit file?

When lenders decide whether or not to offer you a loan, it is the information held on your credit file that forms the basis of their decision. This information also helps to combat fraud, as your iden...

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Our Insolvency Practitioners are regulated by ICAS or the IPA and our firm is authorised and regulated by the Financial Conduct Authority

We have FCA authorisation for advice relating to Debt Arrangement Schemes and we are regulated by the ICAS and IPA when giving advice as an insolvency practitioner leading to our appointment in formal insolvency proceedings

 

Fees and Information: There are fees associated with our services. These will be fully explained before entering into any of the personal debt solutions referred to on this website. Full details of our fees and how these are charged are fully explained to you prior to you committing to any particular service.

ICAS Insolvency Practitioners