Now the holidays are over is it time to get debt free?

With the dreaded Christmas & New Year period over, the bills are starting to hit home with many Scottish residents. With many dreading the end of January bills dropping that bring to reality that major over spend to get the prezzies & one to many drinks in over the festive period here at Scottish Trust Deed we are here to help! How? Here at Scottish Trust Deed we offer Scottish residents the chance to get debt free using government legislation known as a Scottish Protected Trust Deed. What benefits does a Scottish Protected Trust Deed Read more…

Rebuild your credit score

Rebuild your credit score by removing defaults If you are in a lot of debt or are struggling to make payments then trying to rebuild your credit score should not be the number one concern, you should get out of debt. There are plenty of places out there that can help you become debt-free like us at Scottish trust deed. Electoral roll Those who are not on the electoral roll will find it very hard Read more…

Credit Card Debts and How to Clear Them

Credit card debts are easy to get into, here’s how to get out. Credit cards are plastic cards given to you by banks, shops, and also finance companies. The card can work in certain shops. Usually, there is a sticker that indicates if you can use it or not. In terms of how much you can spend, it is decided by how your circumstances are. For example your income, credit history, debts or loans, and Read more…

Council Tax Arrears and Discounts

Did you know about council tax discounts? Council tax is a type of local taxation that is collected by local governments. It is a tax on domestic property, but the rules governing who must pay it are complicated. There are properties that are exempt from council tax because no one lives in them because they are in poor condition, or because the people who live in them are exempt from paying council tax. Some people Read more…

Bank Arrestment – How to avoid them

What is bank arrestment? A bank arrestment in Scotland is when creditors attach funds held in your bank account, to have those funds transferred to them to pay your debts. Not all creditors can arrest your bank account. Even where they can, there is no guarantee they will succeed. Bank Arrestments is a form of diligence in Scots Law. This means They are a legal form of debt recovery and must be carried out by Read more…

Sheriff Officers and Their Authority

Sheriff officers are the officers located in the court, they can be hired by many people such as: Local authorities Individuals Solicitors Any Company Government departments   An officer can take action upon a number of legal cases once it has been through the court and they have the correct legislation to take action. They can take action on debt if you are not paying in time, evictions, removal of family members if there is Read more…

Wage Arrestment’s and How To Get Out Of Them

‘Wage arrestment’s’ or  ‘earnings arrestment’s’ can be applied to anyone excluding current serving armed forces members. When you owe money to a creditor they can contact your work place and put in motional for a charge of payment which will start the arrestment of your wages. For this to happen they must send you a notice from a tribunal or from a court and also a debt information package. Most commonly this tactic is used Read more…

Covid: Nine million people forced to borrow to cope

Nine Million people forced to borrow to survive the pandemic Covid-19 has impacted millions of companies who manage a massive number of employees, those employees saw their hours, wages, and even their contract of employment cut. This leads to those affected unable to pay their bills, mortgages, and direct debits. Cut of hours, wages and work caused the bank to be overloaded with approved overdraft requests from those affected. The unfortunate ones are those who Read more…

450,000 families ‘in Rent Arrears due to Covid’

Rent Arrears affecting over 450,000 families in the UK The statistic for Rent Arrears causes is according to the Resolution Foundation, almost half a million UK families are thought to have fallen behind on rent due to the coronavirus crisis. It said more than 750,000 were behind last month on housing expenses. That’s an increase of 450,000 compared with January 2020. “Despite widespread calls for forbearance in the face of the Covid-19 shock, just 3 Read more…

OVERDRAFT DEBT HELP -SCOTTISHTRUSTDEED

OVERDRAFT DEBT HELP Overdraft debt is an overdraft is an agreement put in place with yourself and the bank to borrow the money you don’t have in your account for a period of time. Although most banks charge very little for borrowing (ARRANGED OVERDRAFT) people get caught out for many reasons. Whether it’s a job loss, reduced hours, changer of circumstances, or even a loss of a partner/family member. OVERDRAFT DEBT – WHO TO CONTACT Read more…