News

Rules protecting tenants in Scotland from eviction notices are to remain in place until March next year, it has been announced.

There has been a sharp rise in the number of families in Scotland claiming Universal Credit in the months since the Covid-19 crisis began.

Scotland could soon be faced with a “tidal wave of evictions” unless actions are taken to protect people in financial difficulty from being kicked out of their homes.

Universal Credit has been blamed for sharp rises in rent arrears and huge increases in the number of people reliant on food banks.

Financial service companies have been told by their industry’s chief regulator that they need to do more to provide support to customers who are struggling with debt.

Around 22,000 households are to be alerted by the Scottish government to the fact they may be eligible to extra forms of financial support if they’re struggling.

Personal debt experts have welcomed the news that the Financial Conduct Authority (FCA) has decided to ban commission structures that incentivise car retailers to sell high-interest finance deals to their customers.

Action should be taken by the Scottish government to protect people struggling to pay their rent this year from being evicted as the coronavirus crisis continues.

Unemployment levels in Scotland have increased considerably in recent months, with around 120,000 people across the country believed to have lost their jobs during the coronavirus crisis.

More than a quarter (27 per cent) of Scots have said they’re worried about how they’ll make their debt repayments in the context of the coronavirus crisis.

The amounts of money being paid out as crisis grant payments across Scotland doubled between April and May of last year and the same two months of 2020.

Users of car finance products and high cost credit services who’ve been impacted by coronavirus are set for an extension to protections introduced by the Financial Conduct Authority (FCA).