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Scotland Facing Personal Debt Time Bomb, Says Citizens Advice

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.

Crisis Grant Payments Double as Scots Struggle During Covid-19 Lockdown

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.

Further Protections Promised for Car Finance and High Cost Credit Users

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).

Energy Bills: Ofgem Says Debt Collectors Can Restart Pursuits of Payments

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

Scots Encouraged to Support Local Businesses as Shops Reopen

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.

Scotland’s Unemployment Rate Up to Highest in UK

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

Food Bank Demand Up Almost 50% across Scotland

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 Council Tax Debts Should be Written Off, Says Citizens Advice Scotland

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 Scotlan...

UK Facing “Personal Debt Tsunami” Due to COVID-19

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

Mortgage Payment Holiday Offers Extended by 3 Months

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.

Charities Alarmed by Rising Demand for Crisis Grants

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...

Scots Should Get Six Extra Months to Pay Back Universal Credit Loans, Says Thinktank

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.