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Keeping informed about your personal debt options and rights is important. See below for the latest news and views from the SDS team

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1 in 3 Brits Keeping Debt Secrets from Their Other Halves

14th November 2018

Close to one in three adults living in Britain are keeping details about the scale of their personal debts secret from their other halves. That’s according to a new piece of research published by the Money Advice Service (MAS), which is encouraging people across the country to open up more about the financial difficulties they’re […]

2.3 Million Brits Limiting Work Hours Due to Mental Health Problems

1st November 2018

As many as 2.3 million adults living across the UK are limiting the amount of paid work they do because they’re dealing with mental health issues. For a sizable proportion of those people, cutting back on working hours in response to mental health concerns leads to severe financial hardship and serious problems with debt. The […]

Growing Number of Scots Applying for Emergency Welfare Funds

31st October 2018

The number of applications for emergency welfare funding across Scotland is on the rise, according to the government’s latest official figures. More than 300,000 people have now been supported financially in some way by the Scottish Welfare Fund since it was first created in 2013. A total of £173 million has been paid out during […]

Debt Charities Welcome Government Focus on ‘Breathing Space’ and Interest-Free Loan Initiatives

30th October 2018

Indebted Brits could soon be legally protected from their creditors for several weeks at a time and given the chance to borrow money on an interest-free basis. At least that’s if the government continues to move forward with ideas and initiatives currently being discussed with the aim of providing more support to people who find […]

Living Outside Big Cities Could Save Scots a Fortune, Say Bank Researchers

25th October 2018

Living outside and commuting in and out of Glasgow or Edinburgh could save Scots many thousands of pounds in house price costs over the course of their working lives. That’s according to research looking into the subject carried out by the Bank of Scotland, which says significant savings can be made through buying a place […]

Admin Errors to See Thousands of Disability Benefit Claimants Paid an Average of £5,000

18th October 2018

It’s been revealed that the government will pay out an average of £5,000 to claimants of disability benefits who had previously gone underpaid as a result of administrative errors within the Department for Work and Pensions (DWP). The total number of people understood to have been affected and in line for some sort of payout […]

New Laws Could Soon Give Problem Debtors Six Weeks of Protection from Creditors

Incoming laws are set to give people with problem debts across the UK a six-week ‘breathing space’ period during which they cannot legally be pursued by their creditors. Debtors would be encouraged to engage with relevant advisors and statutory debt repayment programmes during their periods of legal protection. According to a recent report in the […]

Council Tax and Energy Bills Causing Major Strife for Indebted Brits

Council taxes and energy bill arrears are among the two leading causes of debt problems across the UK, according to a new set of statistics on the subject. The debt help charity StepChange has analysed its own figures for the first half of 2018 and found that around a third of its new clients during […]

8% of Scots Worry About Running Out of Food Due to Lack of Money

As many as 8 per cent of adults living in Scotland worry about the prospect of running out of food and not having enough money to replace it, a newly published report has found. An official 2017 Scottish Health Survey asked questions about food insecurity for the first time and found that one in 10 […]

Shelter Scotland Declares ‘National Housing Emergency’

The homelessness charity Shelter Scotland has described the current situation around the country as being nothing less than a “national housing emergency”. Shelter’s latest impact report suggests that a household in Scotland is made homeless at an average rate of one every 18 minutes. The charity has revealed that its teams helped more than 21,000 […]

Scottish Pensioners ‘More Likely to Live in Poverty than Those Elsewhere in the UK’

Pensioners in Scotland are more likely to be living in poverty than their counterparts across the rest of the UK, according to a new set of figures. An in depth report from an organisation called the Social Metrics Commission has said that there are now close to 14.2 million people living in poverty across the […]

Debt Charity Welcomes Government’s ‘Help to Save’ Scheme

A leading debt help charity has welcomed the launch of a government scheme designed to encourage people on low incomes to set money aside on a regular basis and protect themselves against serious financial difficulty. The scheme will see low earners in receipt of tax credits or Universal Credit benefits offered access to cash top […]

New Parents on Low Incomes in Scotland Set for Benefits Boost

New parents living on low incomes across Scotland can expect to see a boost to the scale of financial support they receive via state benefits in the coming years. The Scottish government is introducing what it calls a Best Start Grant (BSG) towards the end of this year and expects it to significantly increase the […]

Price Cap Could Help 11 Million Households Save on Energy Bills

Ofgem, the UK’s energy industry regulator, has revealed plans that it says should result in notable savings for as many as 11 million households around the country. The regulator has put forward proposals for a price cap that would limit the amounts of money allowed to be charged by energy suppliers to consumers on poor […]

Problem Debts Costing Taxpayers £900m a Year, Audit Office Warns

The scale of problem debts among consumers across Britain is indirectly costing taxpayers close to £900 million on an annual basis. That’s according to the National Audit Office (NAO), which has warned the government that its departments ought to be doing more to bring down the costs to the public purse of problem debts across […]

Debt Problems Becoming ‘Smaller in Scale But Trickier to Deal With’

Debt problems increasingly involve “smaller but trickier” financial headaches as far as a growing number of people across the UK are concerned. That’s according to research into these issues by the National Debtline, which provides advice to indebted consumers and is operated by a charity group called the Money Advice Trust. The latest figures suggest […]

North Ayrshire Takes On Period Poverty by Offering Free Sanitary Products in Public Buildings

North Ayrshire’s local authorities are taking a pioneering stance on period poverty by offering free sanitary products in public buildings across the district. Women and girls throughout North Ayrshire are to be given free access to sanitary towels and tampons via vending machines so that they no longer need to worry about the costs involved […]

Debtors Living in Fear of Enforcement Agents, Says Citizens Advice

Citizens Advice has called on lawmakers to do more to protect struggling debtors who find themselves living in fear of enforcement agents. The charity has said that its teams deal with people who have issues with bailiffs, or sheriff officers as they’re known in Scotland, at an average rate of once every three minutes. Estimates […]

Parents Urged to Take Advantage of Childcare Voucher Scheme While They Still Can

Parents are being urged to take advantage of the government’s childcare voucher scheme while they still can with the initiative scheduled to be closed to new entrants in early October. The availability of the scheme was extended by a period of six months as of April and will now close on October 4th 2018, unless […]

Household Incomes Being Squeezed Again as Wages Lag Behind Inflation

Household incomes are being squeezed again by prices rising faster than wages, according to the expectations of economic experts in the City of London. Based on the latest projections, it’s anticipated that the Office for National Statistics (ONS) is poised to reveal that real incomes are no longer keeping pace with inflation. That situation leaves […]

School Holidays Prompt Surge in Demand at Foodbanks

The school holidays prompted a surge in demand at foodbanks last year and the same trend is expected to be seen again this summer. According to the Trussell Trust, which operates more than 420 foodbanks across the UK, there were 3,500 more emergency supply packages handed out to children during July and August 2017, as […]

Innovators Enable Homeless People to Take Donations via Smartphones

A team of innovators has created a smartphone app that enables homeless people to accept charitable donations without the need for cash to change hands. The app is called Greater Change and the idea is that homeless people have an account on the platform that allows donators to identify them and switch them money directly […]

Bank of England Base Rate Hike Adds to Borrower Concerns

The Bank of England has voted to increase its base rate of interest from 0.5 per cent to 0.75 per cent in a move which could be bad news for indebted consumers across the UK. Costs of borrowing are currently at historically very low levels, as they have been since soon after the Financial Crisis […]

Almost 40 Children Made Homeless in Scotland Every Day, Says Shelter

Close to 40 children were made homeless in Scotland every day over the course of last year, according to a shocking new report on the subject. The figures have been compiled by the homelessness charity Shelter Scotland and they show that 14,075 children were classed as being homeless during the year 2017/18. As many as […]

Councils Criticised for ‘Uncompromising and Over-zealous’ Pursuit of Debtors

Members of parliament in Westminster have issued strong criticism of local councils for the ways in which they are going about pursuing debtors for monies they owe. The policies and means through which public authorities aim to recover their debts have been described as “worst in class” by members of a Treasury Committee at the […]

Household Outgoings Exceeded Incomes in 2017 for First Time in 30 Years

Outgoings exceeded incomings across the UK for the average household during 2017 for the first time in almost 30 years. Figures from the Office for National Statistics (ONS) show that the average household spent or invested roughly £900 more than they took as income over the course of last year. Those figures suggest that Brits […]

Scotland’s Personal Insolvency Rate up by Almost 12%

The number of people becoming personally insolvent in Scotland increased by 11.8 per cent during the first quarter of 2018/19 as compared with the same period last year. The figures refer to the number of Scots entering either bankruptcy or a protected trust deed (PTD) as a means of dealing with their debt management problems. […]

Universal Credit Failures ‘Driving People into Debt Misery’

The Universal Credit (UC) system that’s currently being rolled out across the UK is forcing considerable numbers of people into debt cycles that can have highly negative effects on their mental health. That’s the assessment of the mental health charity Mind, which has called on the government to “address the serious problems with the system” […]

Incomes Falling Among Poorest Third of UK Households

An audit of living standards among households across the UK has found that income levels fell last year among the poorest third of people throughout the country. The average income among middle-earners increased by 0.9 per cent in the year 2017-18 but those on lower wages saw a slight fall of 0.3 per cent during […]

Local and National Government Bodies ‘Among the Most Aggressive Debt Collectors’

People acting on behalf of local and national government bodies are among the most aggressive and frightening debt collectors currently operating in the UK, according to the charity group Christians Against Poverty (CAP). Around 42 per cent of the people who’ve been in touch with CAP in search of help in dealing with debts feel […]

A man hiding a debt from under his sleeve

Over 8 Million Brits Hiding Debts from Their Partners, Study Finds

More than eight million people across the UK are hiding personal debts from their partners, according to a new set of figures on the subject. Polling of British adults suggests that there could be as much as £69 billion worth of collective debt being hidden away from partners at an average of £8,293 per person. […]

Homelessness on the Rise Across Scotland

The number of people making applications for homelessness assistance increased across Scotland by 1 per cent over the course of the 12 months up to the end of March 2018. Local authorities throughout the country received a total of 34,972 homelessness support applications during the period, according to official figures released recently by the Scottish […]

Study Highlights Link Between Health Issues and Problem Debts

As many as one in five people with problem debts are also struggling with some form of “additional vulnerability”, such as mental or physical illness. That’s according to the debt help charity StepChange, which has revealed that roughly 20 per cent of the people who reach out for its support with financial problems are struggling […]

Debts Higher Among People Living in Towns and Cities, Study Reveals

People in towns and cities across the UK have larger debts and are on average more likely to be using high-cost loans than their counterparts living in the countryside. That’s according to the Financial Conduct Authority (FCA), which has carried out an extensive survey looking at the ways in which people throughout the country interact […]

Energy Suppliers ‘Too Quick to Insist on Prepay Meters’

Suppliers of electricity and gas are too frequently insisting on installing prepayment meters in the homes of indebted customers, according the industry regulator. Ofgem has revealed that 84,000 prepayment meters were installed across the UK last year on the basis of warrants and as a means to recovering debts from households nationwide. Fewer people are […]

Audit Office Slams Universal Credit Rollout

The National Audit Office (NAO) has published a report that’s highly critical of the government and its Universal Credit system that has been a central pillar of its welfare reforms of recent years. Among the potentially damaging contentions in the NAO’s publication is the claim that Universal Credit has not yet delivered value for money […]

Third of Renters Left with Less Than £100 to Spend Each Month

Close to a third of renters around the UK find themselves with less than £100 of disposable cash to spend each month once they’ve covered all their essential expenses. That’s according to research by the building society Nationwide, whose investigations suggest that the average amount paid out in rent each month across the country is […]

Number of Homeless Households in Hostels Across Scotland Up 43% Since 2010

The number of homeless households who’ve been placed in some form of hostel accommodation has increased by as much as 43 per cent across Scotland since 2010. That’s according to new research looking into the subject by a team from Heriot-Watt University, whose study was commissioned by the social enterprise organisation Social Bite on behalf […]

Millions Taking on Debt to Cover Essential Outgoings

As many as 9.3 million Brits resorted to some form of credit to cover essential expenses at some point over the course of last year. That’s according to figures gathered by the debt help charity StepChange, which has estimated that roughly three million UK consumers found themselves behind on essential payments during 2017. The charity […]

Borrowers ‘Being Ripped Off by Extortionate Overdraft Charges’

The consumer group Which? has called for banks to be prevented from charging their customers “extortionate” amounts of money for using overdrafts on an unauthorised basis. According to the group, going over overdraft limits can cost consumers thousands of pounds each year and the associated charges are said to be as much as seven times […]

Almost 3 in 4 Scots ‘Struggling to Cope with Stress’

As many as almost three in four adults in Scotland became so stressed at some point during the past year that they felt overwhelmed or unable to cope. That’s according to the Mental Health Foundation, whose latest research suggests that Scotland has become a severely stressed out nation. Around 80 per cent of women and […]

Shorter School Holidays Would Help Struggling Families, SMPs Told

Shortening school holidays over the summer months would help take some of the financial pressures off families throughout Scotland.

Give Everyone £10,000 when They Turn 25, Says Thinktank

Young people across the UK should each be given £10,000 as they reach the age of 25 in order help rebalance wealth and financial security levels across generations. That’s according to the Resolution Foundation, a prominent thinktank which commissioned a diverse panel of experts to look at issues relating to intergenerational economics and fairness. The […]

Minimum Prices Put on Alcohol Units Sold across Scotland

Scotland has become the first country in the world to introduce laws to ensure there are minimum prices charged per unit on all alcoholic products sold nationwide.

Campaign Wins ‘Breathing Space’ for Debtors in Mental Health Crisis

People dealing with mental health crises and debt problems will in future be given the opportunity to gain some respite from their creditors. The Money and Mental Health Policy Institute has successfully persuaded the government that its policy of giving people with problem debt ‘breathing space’ from their creditors if they seek debt advice should be extended to include anyone getting help from the NHS’ mental health crisis services.

Food Bank Use Up 13% to Record High

The scale of reliance on food banks across the UK reached record high levels over the course of the financial year 2017-18. That’s according to the Trussell Trust, which operates a nationwide network of food banks and says that its teams gave out a total of 1.3 million food parcels during its most recently assessed […]

Small Business Confidence in Scotland Lagging Behind UK Average

Confidence levels among small businesses in Scotland are lagging well behind those of their counterparts across the rest of the UK. That’s according to research carried out by the Federation of Small Businesses (FSB), whose figures suggest that there are considerably more Scottish firms feeling pessimistic about their prospects than is generally the case across […]

Payday Loans Rated Unhealthiest Form of Credit

Payday loans have been cited as the unhealthiest form of credit that consumers can currently gain access to by a leading health education charity. According to a report produced by the Royal Society for Public Health (RSPH), payday loans tend to have negative effects on the mental health of borrowers more often than any comparable […]

Problem Debt at ‘Epidemic Levels’, Says Archbishop of Canterbury

The issue of problem debt has reached epidemic levels in communities and households across the UK, according to the Archbishop of Canterbury. The Most Reverend Justin Welby, as he’s otherwise known, described the UK’s debt problems in these stark terms in the foreword to a new report on the issue compiled by the debt help […]

Actor Michael Sheen Launches Campaign Against High Cost Credit

The Welsh actor Michael Sheen has helped to launch a new campaign against high-cost credit and the companies that offer money to customers at very high levels of interest. Mr Sheen, who starred in the movies Frost/Nixon and The Damned United, has said he plans to scale back his acting work in order to focus […]

Rising Numbers of Young Adults and Single Parents Seeking Debt Help

Young adults and single parents are among the increasing numbers of people seeking debt help across all part of the UK, according to a new set of figures. The debt help charity StepChange has published figures on its activities during 2017 and revealed that more than half a million Brits sought out its assistance over […]

Regulator Takes Action to Ban Energy Firms from Backbilling Customers

The UK’s energy industry regulator Ofgem is taking action to ban suppliers of gas and electricity from hitting their customers with bills for energy they used more than 12 months earlier.

New Rules Will Force Credit Card Firms to Help Out Long-term Debtors

A new set of rules being introduced by the Financial Conduct Authority (FCA) will oblige credit card companies in the UK to help out customers who are persistently struggling to manage their debts.

Scotland Set for 50p Per Unit Minimum Price on Alcoholic Drinks

The Scottish government has backed plans to establish minimum prices per unit on all alcoholic beverages being sold throughout the country. After conducting an extensive public consultation on the associated issues, the government has said it now intends to stop alcoholic drinks being sold at anything less than 50 pence per unit. Hopes are that […]

Millions in the Dark on Car Loans

Millions of British consumers are unaware of how much money they owe in relation to car loans they’ve taken out in recent years. According to the online automotive marketplace CarGurus, close to half (47 per cent) of all the people with car loans around the country can’t say how much they owe their creditors in […]

Debt Servicing Costs Forecast to Increase 29% by 2023

Debts will become more expensive and more difficult to service for consumers and families across the UK over the next five years, according to official forecasts put together by the Office for Budget Responsibility (OBR). The OBR has estimated that the cost of servicing household debts will rise by 29 per cent between the first […]

Millions Being Ripped Off by Energy Bills, Says Committee of MPs

MPs in Westminster have said that millions of consumers throughout the UK are being ripped off by their energy suppliers and are paying higher prices for their gas and electricity than they should be. Members of the Business, Energy and Industrial Strategy (BEIS) Committee have described Britain’s energy markets as being “broken” and made clear […]

Number of Brits with ‘Severe Problem Debts’ Up to 3.3 Million

The number of UK consumers who can be described as having severe problem debts has reached an estimated 3.3 million. That’s according to the debt help charity StepChange, which is reporting that the number of people throughout the country with severe problem debt increased by roughly 405,000 during the final nine months of 2017. “Whilst […]

1 in 3 Workers are ‘Just About Managing’

As many as a third of the men and women currently in work around the UK consider themselves to be ‘just about managing’ from a financial perspective. That’s according to a research report by a thinktank called the Royal Society of Arts (RSA), which concludes that there are millions of people around the country who […]

More Scots Turning to Trust Deeds as Solution to Debt Problems

There was a notable increase in the number of people in Scotland entering into protected Trust Deeds during the final three months of last year as compared to the same period in 2016. According to the Accountant in Bankruptcy (AiB), the number of Scots using Trust Deeds as a means of tackling their debt problems […]

Getting Help with Debt Problems ‘Boosts Wellbeing and Workplace Productivity’

The provision of debt advice has knock on effects for consumers throughout the UK in terms of their overall wellbeing and their productivity in the workplace. According to a new research report looking into the subject, the health benefits of debt advice and the associated support are worth in the region of £145 million to […]

Poorest Households Among Hardest Hit by Problem Debts

Many of the poorest households around the UK are struggling to cope with their debts and the burden of making repayments on credit cards and personal loans each month. According to a report from the Institute for Fiscal Studies (IFS), while there are a great many Brits who can comfortably afford to service their debts, […]

Credit Card Debt ‘Harder to Escape than Previously Thought’

Credit card debts are more difficult to escape from a borrower’s perspective than experts had previously understood to be the case. According to a trio of finance experts from the Bank of England and from the Financial Conduct Authority (FCA), official data in recent years has not taken full account of the extent to which […]

Rising Numbers Relying on Credit to Fund Christmas

An increasingly high proportion of Brits are relying on credit to fund their spending around Christmas time and the situation is leading to heightened stress levels for many thousands of people. Roughly 37 per cent of Brits expect to use credit to pay for Christmas gifts in 2017, which is a figure up from 33 […]

25,000 Young Brits Are Problem Gamblers, Report Claims

There are in the region of 25,000 young people across the UK who can be classified as problem gamblers despite their tender age. That’s according to research carried out by the Gambling Commission, which is concerned that many thousands of British children are being exposed to gambling at a young age in situations and settings […]

Scotland Debt Solutions Director Speaking on Kirkcaldy Community Radio

Scotland Debt Solutions’ director, Adam Southard, joined Dave Stewart on Kirkcaldy Community Radio this lunchtime to discuss how Scottish residents could avoid getting into debt this Christmas, as well as offering financial tips for the year ahead. Christmas can be notoriously expensive, and it is more important than ever to keep a tight reign of […]

Personal Debt Levels Continue Rapid Rise

The overall scale of consumer debts owed by individuals throughout the UK are continuing to rise rapidly, according to the latest set of official lending figures from the Bank of England. Many thousands of people across the country are struggling to manage their debts and the total scale of consumer borrowing continues to grow at […]

Universal Credit Problems Blamed as Use of Foodbanks Soars

The foodbank charity group the Trussell Trust has said that demand for its services is “soaring” as a result of problems with the rollout of Universal Credit, the UK government’s flagship new benefits system. Universal Credit was created with the aim of simplifying the processes involved in administering a variety of different state benefit payments […]

Scotland Could be “Stocking Up” Its Personal Debt Problems

Consumers across Scotland could be “stocking up” debt problems and heading for serious difficulties in the coming months or years. That’s according to Eileen Blackburn, who is chair of the technical committee for the insolvency trade body R3 in Scotland. The insolvency expert has said that while official figures show a decline in the number […]

Six Million Brits Fear Never Being Debt Free

As many as six million people around the UK are fearful that they will never be free from debt at any point in their life. That’s according to research by the price comparison website comparethemarket.com, which has been looking into the nature and the scale of debt problems among consumers nationwide. The website says that […]

Unsecured Debt Levels ‘Rising by £80m Every Day’

The collective levels of unsecured debt across the UK are rising at a rate of close to £80 million every day, according to a new set of figures. Overdrafts, credit cards, student debts and car finance deals account for around 75 per cent of that growth, which is currently understood to be setting a pace […]

New Plans Could See Problem Debt Sufferers Given “Breathing Space” from Creditors

The UK government has announced that it is aiming to help people struggling with problem debts by effectively giving them a six-week grace during which they would be protected from their creditors. Hopes are that a period of “breathing space” and a relief from creditor pressure will give people with mounting debts a chance to […]

Alarm Raised Over Growing Debts Among Young Generations

Young men and women across the UK are increasingly relying on credit to cover their essential expenses and often finding themselves struggling with serious debt problems as a consequence. That’s according to Andrew Bailey, chief executive of the Financial Conduct Authority (FCA), whose role it is to regulate all financial markets across the country. Speaking […]

Research Highlights “Devastating Link” Between Debt and Mental Health

Researchers working with the Money Advice Service (MAS) have looked into connections between troublesome debts and mental health issues, with money worries emerging as a major cause of concern for millions of Brits. Very nearly half (49 per cent) of all adults in the UK are in some form of debt, with the average debt […]

Labour Commits to Capping Interest Rates on Credit Card Debts

The Labour Party has pledged its commitment to a plan that would see the interest levels charged on credit card debts capped in the interests of consumer protection. According to Labour’s shadow chancellor John McDonnell, his party would introduce caps as a means of tackling what he described during a recent speech as being a […]

Problem Debt ‘Affecting 1 in 6 Adults in the UK’

As many as one in every six adults living in the UK are faced with financial challenges that amount to them being in ‘problem debt’. That’s according to figures from the Money Advice Service, which was set up by the UK government and keeps track of the financial difficulties being faced by individuals and families […]

Number of Homeless Families ‘Up 60% Since 2010/11’

The number of families across the UK who do not have their own permanent homes has increased by as much as 60 per cent since 2010/11. That’s according to the National Audit Office (NAO), which has been tracking the number of people who find themselves living in insecure or temporary accommodation. In addition to a […]

Scotland to Introduce Raft of New Business Rates Rules

A series of new business rates rules are to be introduced in Scotland in an effort that ministers north of the border hope will help make the country the most competitive in the UK when it comes to attracting investment. Derek Mackay, finance minister for the Scottish government, has said that business rates will be […]

UK’s Oil & Gas Sector ‘Shed 60,000 Jobs in 2016’

A total of close to 60,000 people employed directly or indirectly through activity in the UK’s oil and gas sector lost their jobs over the course of last year. That’s according to the trade body for the sector Oil & Gas UK, which had previously estimated that roughly 40,000 jobs might have been lost in […]

Scotland’s Public Sector Pay Cap to be Lifted

Nicola Sturgeon has announced that she will scrap the 1 per cent cap on pay in the public sector across Scotland. The first minister has said that frontline public sector employees, whose pay has been restrained across the UK for a number of years, “deserve a fairer deal for the future”. Nurses, police officers, firefighters […]

Funeral Debt ‘On the Rise and Never Been Higher’

Debt relating to funeral costs has never been higher across the UK as a whole and the issue is now a significant cause of financial problems for many thousands of individuals and families. A total of close to £160 million is collectively owed as debt relating to funeral costs around the country, according to the […]

Consumer Debt Levels Still Rising Quickly

The overall scale of consumer debt across the UK continues to rise at a rapid rate despite the pace of growth having slowed slightly during July. Official figures released by the Bank of England show that the pace of borrowing growth cooled in recent weeks but the country’s debt pile continues to rise at an […]

Shelter Report Highlights Scotland’s Worsening Housing Crisis

A new report from the homelessness charity Shelter has outlined the extent to which Scotland is experiencing a housing crisis and just how many people across the country are struggling to keep a roof over their heads. According to the charity, its Scotland-based advisers were busier than ever during the 12 months between April 2016 […]

Energy Consumers ‘Overcharged by More Than £100m’

Energy consumers across the UK were overcharged by their energy suppliers in recent quarters by a collective total of over £100 million. That’s according to the price comparison and switching service uSwitch, whose figures suggest that roughly 1.3 million British consumers were overcharged by their gas and electricity suppliers in the 12 months prior to […]

Young Renters ‘At Risk and Already an Indebted Generation’

Renters aged between 25 and 34 throughout the UK are among the country’s most financially at-risk people and are collectively a heavily indebted generation. That’s according to a report compiled by the insurance firm LV=, which suggests that 44 per cent of renters in the ‘late-Millennial’ category aren’t confident of their ability to cope with […]

Lloyds Bank to Overhaul Overdraft Charging Policies

The Lloyds Banking Group has announced details of an overhaul to its policies around current account overdrafts and the associated charges and fees. Lloyds owns several of the UK’s leading high street banking operations, including the Bank of Scotland, and has millions of customers throughout the country. The group has said that it will abolish […]

Debts Linked to Household Bills ‘Have Trebled in 10 Years’

The average scale of debts accounted for by household bills and essential costs has trebled over the course of the past 10 years in the UK.

New Rules Force Payday Lenders to Advertise on Price Comparison Websites

New rules have come into force that require payday lenders to advertise their offers to customers via at least one price comparison website.

4 in 5 Brits Fearful of Post-Brexit Financial Squeeze

A very considerable majority of consumers throughout the UK are fearful that price rises will put a squeeze on their personal finances over the next few years.

DAS Completion Rates in Scotland Up Sharply on Last Year

The number of Scots completing debt payment programmes associated with Debt Arrangement Schemes (DAS) was notably higher during the fourth quarter of the most recent financial year as compared with the same figure for 12 months before.

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are regulated by ICAS or IPA and our firm is FCA Approved

Call us today on 0800 063 9250 or if you prefer we can call you

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Scotland Debt Solutions is a trading name of Begbies Traynor (Central) LLP
The firm is authorised by the FCA to undertake debt counselling and debt adjusting and its reference number is 660455 - Copyright 2018 - All rights reserved

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Our Insolvency Practitionersare regulated by ICAS or IPA and our firm is FCA Approved

Call us today on 0800 063 9250 or if you prefer we can call you

Watch

Chris' Story

Watch

Jackie's Story

Watch

June's Story

Regulated by:

Our Insolvency Practitioners
are regulated by ICAS or IPA and our firm is FCA Approved