News

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).

Ofgem has said that debt collectors can resume their work of pursuing payments from energy bill debtors across the country from July.

Scots are being encouraged to support their local businesses as shops reopen across the country after the extended period of closure made necessary by the coronavirus lockdown.

Unemployment rates have increased sharply in Scotland and are now higher than in any other nation in the UK.

The use of food banks across Scotland increased by almost 50 per cent during April of this year as the COVID-19 crisis took its toll on the country.

Old debts to local governments should be written off as part of an effort to support people who are in or likely to face financial difficulty in the coming months, according to Citizens Advice Scotland (CAS).

Britain is facing a “personal debt tsunami” in the coming weeks and months due to the fallout from the coronavirus crisis.

Banks and other lenders have been told to continue offering full or partial payment holidays to mortgage borrowers who have been hit by the coronavirus crisis.

The number of people across Scotland applying for emergency crisis grants has risen sharply in recent months and concerns are being raised about how many Scots are being pushed into serious financial hardship by the coronavirus situation.

Scots who find themselves taking on loans as they await their first Universal Credit (UC) payments should be given six extra months to pay back those advances.

A scheme that has seen hundreds of thousands of UK consumers granted mortgage payment holidays has been extended for a further three months.