DAS

Scotland’s latest insolvency figures from 2024 - 25, from the Accountant in Bankruptcy (AiB), reveal a mixed picture of financial pressures and shifting preferences in how individuals manage problem debt.

The cultural stigma around debt stops some people seeking help until their situation is at crisis point. This article looks at ways that could shape a more supportive future where people can talk about their debt issues and seek solutions.

As the bills pile up, dealing with Christmas debt in January can be overwhelming. Fortunately, in Scotland there are several debt solution options to help you to regain control of your finances.

'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.

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.

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.

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.

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.

In these challenging times, more people are finding themselves unable to secure a remortgage to clear their debts. Their credit ratings have been adversely affected due to financial struggles caused by the pandemic, so are looking for alternatives to deal with their debts. We look at one option.