Personal Debt

3 in 4 Scots Worried About Money or Their Debts

Some 76 per cent of Scottish adults are worried about money or about their debt situations as they look ahead to the next 12 months.

More Energy Customers Falling into Debt

There were notable increases in the number of people falling into debt with their gas and electricity suppliers over the course of last year, the energy sector’s regulator has revealed.

Waits for Universal Credit ‘Pushing People into Debt’

Long waits for the first payments made to Universal Credit claimants are leading people across Scotland into debt, stress, ill health and a reliance on foodbanks.

Personal Insolvency Rates Up 20.6% Across Scotland

The number of people entering some form of personal insolvency across Scotland increased by as much as 20.6 per cent between last year and this year.

Debtors to Get 60 Days of ‘Breathing Space’ from Creditors

People with serious debt problems across the UK will soon be given protections from their creditors for a period of 60 days if they engage with professional debt advisers and seek out long-term soluti...

700,000 Scots in or at Risk of Falling into Problem Debt

As many as 700,000 people across Scotland are believed to be already in or at serious risk of falling into problem debt.

Gambling Habits Turning into Debt Problems for Thousands of Students

Thousands of students at universities across the UK are developing gambling habits that risk plunging them into significant amounts of debt.

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...

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.

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.

Teenage Brits ‘Being Tempted into a Life of Debt’

Many thousands of young Brits are being actively encouraged towards taking on debt and spending borrowed money even before they reach their 18th birthdays.

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.