Personal Debt

Edinburgh Facing Tidal Wave of Personal Debt

The Scottish capital is facing the prospect of seeing something like a “tidal wave of personal debt” in the coming months.

Personal Debt Crisis ‘Inevitable without Urgent Action’

A long-term personal debt crisis is an inevitable consequence of the Covid-19 pandemic unless urgent action is taken to support people in financial trouble.

Personal Insolvencies Up 5.5% Across Scotland

The total number of people entered into some form of personal insolvency in Scotland increased by 5.5 per cent in the year to the end of March 2020.

Help Out the Millions Falling into Debt, Says Citizens Advice

Citizens Advice has called on the government to take swift and significant action to help the millions of people who’ve fallen into debt in recent months through no fault of their own.

Finance Firms told They Must Do More to Help Vulnerable Debtors

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.

Scottish Debt Collectors Slammed for ‘Bully Boy’ Tactics

A debt collection company has been roundly criticised for employing what have been called “bully boy” tactics by an array of debt help charities and politicians.

Getting Debt Advice Improves Wellbeing, Study Suggests

Receiving advice from experts about how best to handle a debt situation will usually have a positive impact on a person’s general wellbeing, as well as their financial circumstances.

Council Tax Arrears is Now ‘Number One Debt’ in Scotland

Council tax arrears is now the biggest debt-related problem affecting people across Scotland, according to the Citizens Advice charity.

Charity Offers Help to Anyone Getting ‘Persistent Debt’ Letters

The charity StepChange has launched a new service designed to help anyone getting letters from their credit card companies asking them to increase their repayments.

Warnings Fired About Increasing Overdraft Charges

Personal finance experts have warned overdraft users to find out just how much they could soon be paying in interest on their facilities as new rules affecting those products come into effect from Apr...

Third of Scottish Companies at ‘Heightened Risk of Insolvency’

More than third of all Scottish companies were thought to be at a “higher than usual” risk of entering a position of insolvency during December of last year.

1 in 3 Workers ‘Stressed Out by Their Finances’

Concerns about money are a cause of stress for one in three workers across the UK, according to a new set of figures.