Articles

Personal Debts

Can I write off my debts in Scotland?

If you cannot pay your debts in full over an extended period of time, you may be able to legally write off some or all of them using one of the formal debt solutions which are available in Scotland.

Is a mortgage holiday worth it in the long run?

A mortgage holiday could give you the time and breathing space needed to get your finances back on track. But how do they affect credit ratings and are they worth it?

Bailiffs and Legal Action

Can you be sent to jail for not paying Council Tax in Scotland?

If you don't pay your council tax, potential consequences include receiving a reminder letter and Sheriff Officer action, rather than a prison sentence.

Bailiffs and Legal Action

What are the Seven Types of Wage Arrestments in Scotland?

An overview of the seven types of wage arrestments, also known as earning arrestments, in Scotland, where a creditor can take earnings from your wages.

Bailiffs and Legal Action

How much can be taken from my wages via a Wage Arrestment Order?

How much creditors can recover from your wages through a Wage, or Earnings Arrestment Order, will depend on your earnings and payment frequency.

Bailiffs and Legal Action

Can a Wage Arrestment be stopped or challenged?

How to stop or challenge a creditor from recovering money from your earnings through a Wage Arrestment or Earnings Arrestment order.

Budgeting

Are you entitled to the Marriage Tax Allowance?

It is estimated that nearly two million UK couples are eligible but yet to the claim the Marriage Tax Allowance.

Free and Cheap Christmas Events for Children, Families, and Individuals in Scotland 2022

With the Cost of Living crisis starting to bite for many families across Scotland, most of us will be looking for ways of keeping up the festive cheer this Christmas while still keeping a close eye on...

Can’t afford rising mortgage costs due to interest rates

With interest rates on the rise, households across Scotland will find their monthly mortgage payment increase as existing low fixed rates expire. Help is at hand.

Trust Deed

Can you take out joint Trust Deeds in Scotland?

Joint Trust Deeds don’t exist, however, if you want to run a Trust Deed that encompasses debts as a couple, this will be two individual Trust Deeds.

Home appliances increasing your energy bills when not in use

Across the UK, energy prices are rising rapidly so here we highlight the home appliances you should unplug when you’re not using them, to save some money.

Budgeting

What is the 70-20-10 Budget?

The 70-20-10 method of budgeting allocates proportions of your income to three different areas – living costs, debt, and savings. The sheer simplicity of the budget helps you control spending, repay...