Skip to the content

Debt Help Guides & Articles

Debt can be confusing for many people, not knowing what their options are. That is why we have compiled a list of guides, articles and the latest news on debt issues to help you.

The differences between a money coach and a money adviser

'Money coach' and 'money adviser' are two terms that are often used interchangeably, but they are not the same thing. Both professionals help clients manage their finances, but the approach they take is very different and one is strictly regulated.

Category: Debt Problems, DAS
Closing a business - liquidate or dissolve?

Navigating Business Closure

When faced with the decision of closing down a business, many people wonder whether liquidation or dissolution is the better choice. Although both options involve shutting down the company, there are distinct differences between them.

Category: MVL

Statutory Debt Solutions Statistics Update

We provide an overview of the AiB official statistics reporting statutory debt solutions and company insolvencies in Scotland for the third quarter of the financial year 2022-23.

Category: Debt Problems, DAS
debt solution regulation changes to reflect the cost of living crisis

AiB Debt Scheme Regulation Changes 2023

Changes to the Bankruptcy and Debt Arrangement Scheme Regulations come into force on 6th February 2023 to reflect significant increases in the cost of living.

Category: DAS, Bankruptcy
Dealing with council tax arrears

Help with council tax debt

Outstanding council tax debt has increased almost 65% in Scotland recently. Thankfully, there are several solutions that can help people deal effectively with problem debt.

Category: Debt Problems
Help with credit card debt in Scotland

Countering the cost of credit card debt

In November 2022, UK credit card debt rocketed to its highest monthly level since 2004. In Scotland, the Debt Arrangement Scheme is an ideal way to counter the cost of credit card debt if it becomes a problem.

Category: DAS, Debt Problems
How to set and control your Christmas budget

Help to control spending and cut debts this Christmas

Given the challenge of rising costs, here are some ideas to make sure your Christmas spending doesn’t turn into a damaging Christmas shopping / debt cycle.

Category: Debt Problems

FAQs about Trust Deeds in Scotland, debt fees and more

As Scottish debt advice specialists, we're asked questions about debt solutions on a daily basis. From questions about Trust Deeds in Scotland to fees on debt solutions, check out our personal debt FAQs on TikTok.

Extension of debt help measures

Covid 19 – Extension of the remaining temporary measures relating to Scottish debt solutions

A recent update from the Accountant in Bankruptcy (AiB) confirmed that the Scottish Government has extended the remaining temporary measures, aimed at protecting those struggling with unsustainable debt, put in place with the introduction of the Coronavirus (Scotland) Act 2020.

Category: Debt Problems