Young people owe five times more than older consumers, as unsecured debt mounts | www.telegraph.co.uk | Scottish Trust Deed Info | Free Debt Help Scotland

Young people owe five times more than older consumers, as unsecured debt mounts Younger borrowers hold five times the unsecured debt of their older counterparts, and are three times more concerned about their ability to repay their debts, analysis has revealed. Unsecured borrowing, which refers to loans that are not backed by any form of collateral, has grown…

When can debts be legally written off after a period of time with no payments or contact made? INFOLAW | Scottish Trust Deed Info | Free Debt Help Scotland

What is statute barred debt? When a debt has been outstanding for some time, with no payments being made or communication from the debtor, the debt can become what is known as ‘statute barred.’ When debts are statute barred it means they’re no longer enforceable, and the debtor is not required by law to pay…

“Universal Credit hands power to abusers, MPs say” – BBC.CO.UK | Scottish Trust Deed Info | Free Debt Help Scotland

Welfare payments are turning the clock back to the 1950s and allowing abusers to control family finances, MPs say. Under Universal Credit, payments are made to one person per household, often leaving abuse victims and their children dependent, a report by the Work and Pensions Committee said. One abuse survivor said she feared the new system could…

“Bank of England raises interest rates to 0.75%” – YAHOO.COM ! Scottish Trust Deed Info | Free Debt Help Scotland

The Bank of England has raised interest rates to 0.75% – the highest level since the financial crisis – after a unanimous decision by its rate-setting committee. In a hugely symbolic day for the Bank of England, the Monetary Policy Committee voted to increate the rate from 0.5% in only the second rate rise in…

“Households spent £900 more than they earned in 2017 marking the first time in THIRTY years the country has had more going out than coming in” | Dailymail.co.uk | Scottish Trust Deed Info | Free Debt Help Scotland

“Households spent £900 more than they earned in 2017 marking the first time in THIRTY years the country has had more going out than coming in” | Dailymail.co.uk | Scottish Trust Deed Info | Free Debt Help Scotland Households spent an average of £900 more than they earned in 2017, data says Shortfall across the…

What happen’s to my Council Tax Arrears & Earning Arrestments when I enter a Scottish Protected Trust Deed? Scottish Trust Deed Info | Free Debt Help Scotland

What happen’s to my Council Tax Arrears & Earning Arrestments when I enter a Scottish Protected Trust Deed? Scottish Trust Deed Info | Free Debt Help Scotland Do you currently find yourself in Council Tax Arrears? Do you currently have your earning’s arrested due to Council Tax Arrears? Have Sheriff Officers sent a letter or…

Household debt in UK ‘worse than at any time on record’ | The Guardian | Scottish Trust Deed Info | Free Debt Help Scotland |

Household debt in UK ‘worse than at any time on record’ British household finances among most indebted in major western countries, ONS says British households spent around £900 more on average than they received in income during 2017, pushing their finances into deficit for the first time since the credit boom of the 1980s. The…

“Scottish personal insolvency numbers rise” | BBC Scotland | Scottish Trust Deed Info | Free Debt Help Scotland

he number of personal insolvencies in Scotland rose between April and June, according to new figures. Accountant in Bankruptcy (AiB) reported 3,208 bankruptcies and protected trust deeds (PTDs) during the first quarter of the financial year. The figure was up 11.8% on the same period last year, and 26.6% higher than the previous quarter. PTDs…

Can a Scottish Protected Trust Deed help clear rent arrears from your local council or housing association? Scottish Trust Deed Info | Free Debt Help Scotland

Are you currently financially struggling & also are behind on your rent? Do you owe your local council or housing association rent arrears & don’t know where to turn as you have any debts outstanding? Many Scottish residents find themselves struggling with rent arrears with a local housing association or council with the added pressure…

Worried about paying off debts when expecting or recently had a new born child? | Free Debt Help | Scottish Trust Deed

Do you find yourself in a situation where you are expecting a baby on the way & having to deal with the stress of dealing with debts or struggling financially?   With the cost of a Scot’s child costing on average £84,000 until they are 11 years old (reported by www.scotsman.com – https://www.scotsman.com/business/cost-of-raising-scots-child-to-age-11-now-84k-1-3905054), meaning the average yearly cost…