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Posted on Wednesday, 25 January 2012 in Statisitics and Legislative NewsThe Accountant in Bankruptcy have released their latest quarterly results and the official stats show that 2,049
Protected Trust Deeds have been recorded - a 2% drop from the same period at this same time last year.
The stats show all records of personal insolvency in Scotland but perhaps the most eye-catching statistic released is that the number of recorded
Debt Arrangement Schemes have virtually doubled from 440 in Q3 2010/2011 to 878 in Q3 2011/2012.
Trust Deed Scotland who in 2010/2011 spoke to thousand...
Read more of Protected Trust Deeds Q3 2011 Stats Released Posted on Monday, 23 January 2012 in Debt NewsThe number of people requiring
Debt Help in Scotland is set to continue at the same level as it did last year and people from all walks of life are understandable feeling the current financial strains.
Perhaps it is not too surprising then that members of the Scottish Armed Forces, many of which have families based in Scotland are also struggling with debts.
The Scottish Armed Forces have their own internal mechanisms to help our troops in times of financial difficulties; after all it is important that the Armed Forces can concentrate on the job in hand rather than being worried ab...
Read more of Scottish Armed Forces And Availability of Debt Help in Scotland Posted on Thursday, 19 January 2012 in Debt NewsIn 2011 people across Scotland from all walks of life found themselves in severe financial difficulties and almost 9,000* are estimated to have used
Scottish Trust Deeds to manage their
debts in Scotland.
In the same period, Trust Deed Scotland have spoken to many people and helped individuals with debt problems to understand
what is a trust deed, how it works and the alternatives. There are some myths about Scottish Trust Deeds an...
Read more of Scottish Trust Deeds - Exposing the Myths Posted on Monday, 16 January 2012 in Debt NewsPeople across Scotland are struggling to repay their unsecured debts such as credit cards and
store card debts. Anyone who has dealt with the harsher side of debt recovery may have experienced a final demand call or threatening action from a DCA.
Debt Collectors are usually paid commission based on value of recovery and speed of recovery and with big bonuses to be made and at the hands of overzealous debt collectors therefore it is perhaps understandable why some people, who do not know their rights become scared and further borrow beyond their means.
Do not Let Debt Collectors Bully You!<...
Read more of Received Unfair Treatment from Debt Collectors in Scotland? Posted on Wednesday, 11 January 2012 in Other Financial NewsThe
UK Debt Charity CCCS and Martin Lewis's
Money Saving Expert have joined forces to publicise the use of unsolicited debt text messaging from unscrupulous organisations targeting people with debt problems.
Using Twitter, both the CCCS and Money Saving Expert are encouraging people to report any text messages that they receive from debt and loan companies, a move which has proven to be highly successful according to Leeds based CCCS.
Trust Deed Scotland, who have provided ethical debt advice to thousands of Scottish residents backed the campaign and advised "We are pleased that this type of marketing has been exposed publi...
Read more of Unsolicited Debt Text Messages Cause Distress to 9 out of 10 people Posted on Tuesday, 10 January 2012 in Debt NewsAs seen on STV, Trust Deed Scotland is a leading introducer of
Trust Deeds but not everyone has heard about this form of government legislation that can be used to write off a significant amount of a person's unsecured debts and become debt free in typically 36 months.
There are also other debt solutions in Scotland such as the Debt Arrangement Scheme which also takes advantage of government legislation and allows people based in Scotland to legally freeze interest and charges.
If you have an insurmountable personal debt issue, struggle to repay your debts and owe over £10,000 you may qualify for a ...
Read more of Debt Solutions Scotland - What Options Are Open To Individuals Struggling with Debt in Scotland? Posted on Friday, 6 January 2012 in Other Financial News2011 saw an increase in the number of people seeking
money advice in Scotland from Scottish owned and operated Trust Deed Scotland due to a variety of reasons such as the rising cost of living, which is affecting the lives of many Scottish families.
Earlier this week, it has been reported in the mainstream media that there are a number of 'Zombie Debtors' a term used to describe an individual who exists on a month-to-month basis and can only pay minimal repayments to their debts ensuring that the debt remains static.
In recent years, a number of payday loan websites have arisen and at this time of year when many people are feeling a post-Christ...
Read more of Money Advice in Scotland - Payday Loans Are NOT the answer! Posted on Saturday, 31 December 2011 in Debt NewsIn 2011 many people in Scotland used government created legislation to repay their personal debts and in 2012 many more individuals will be set to do the same.
One of the most popular New Years resolutions people make is to wipe out their debts, vowing to budget, save and cutback in order to resolve overdue arrears and outstanding credit card interest build-ups.
While pursuing a course of frugality may help individuals with debt to get their finances back on track, the harsh reality for many Scots is that this is no longer a viable option and not before long, some people may be utilising short term fixes such as Payday loans somewhat sooner than they would hav...
Read more of New Year, New You, No Debt - Looking to Manage Your Debts in 2012? Posted on Thursday, 22 December 2011 in Statisitics and Legislative NewsFor many people currently repaying their debts using a
Scottish Trust Deed and for those who have been formerly discharged from their Trust Deeds, most would agree that the most stressful time of the whole process is the time between the notice being published in the Edinburgh Gazette and the 5 weeks objection window.
The most frustrating time for some people is the period after all agreed payments have been made and there is a wait before the official discharge documentation comes through. This can take a number of weeks.
In recent months, some people have found that their dischar...
Read more of Trust Deed Creditors Encouraged To Claim Money Posted on Wednesday, 21 December 2011 in Latest NewsA new study released by the STUC has estimated that 26,000 people living in Scotland will be unemployed for a second consecutive Christmas.
On delivering the results, the general secretary of the STUC advised "Another 12 months of complacency will leave Scotland with a legacy of persistent, structural unemployment with all its associated human, social and financial costs."
On the same story, Ken MacIntosh, an MSP for Labour was reported as saying "Behind every statistic, there is a person suffering the indignity of being out of work and a family losing their income."
Trust Deed Scotland, a leading introducer of...
Read more of Twenty Six Thousand Scottish residents to face a Second Christmas in Unemployment Posted on Wednesday, 14 December 2011 in Other Financial NewsThe legislation behind the
debt arrangement scheme in Scotland changed in July this year and due to this and the recent success of the Scottish government
DAS Scotland website and increased publicity, more people are now electing to choose this form of debt management in Scotland.
One of the key differences between
debt arrangement schemes and debt management programmes, which are more common in England, Wales and Northern Ireland, is the legal protection against enforcement action or and the compuls...
Read more of Could the Debt Arrangement Scheme be rolled out across the UK? Posted on Tuesday, 13 December 2011 in Debt NewsCitizens Advice Scotland reported that in 2010/2011, Almost 144,000 people asked for debt advice, the provider of
Scottish Debt Help, Trust Deed Scotland can reveal.
The number of people seeking advice on debts is effectively 400 per day and CAS has had to take on more advisers are their waiting rooms have become inundated with thousands of Scots, unsure who to turn to and often many of which are distressed.
Perhaps more concerning, even in today's tough financial climate where creditors and lenders should be more sympathetic to their debtors where the individual is experiencing financial difficulties, CA...
Read more of 144,000 Scots Sought Scottish Debt Help reports Citizens Advice Scotland Posted on Friday, 9 December 2011 in Insurance NewsIf you are currently committed to a
Scottish trust deed or other type of debt repayment plan then you are will know about the challenges of living within your means and not accruing additional expenditure.
Many people nowadays review their car insurance but seldom do people in Scotland review their life cover.
Reasons to annually review your life cover:
Life insurance, including
Critical Illness Cover is very competitive and with many price comparison websites driving standa...
Read more of Why Get Life Insurance Advice Whilst on A Debt Repayment Plan? Posted on Wednesday, 7 December 2011 in Trust Deed Scotland NewsAt this time of year most people in Scotland share a common financial burden.
Christmas.
For many Scottish households this inevitably means accruing debt and a post-Christmas debt misery and in order to help residents of Scotland avoid this happening, Trust Deed Scotland have released advice on how to avoid this.
Plan a budget
In order to get through Christmas successfully you could draw up a list before heading outside. Establish what you have to spend and adjust your plan accordingly. It may seem a little Scrooge-like and un-festive but if you can write a list of the people you wish to give a gift to and then a...
Read more of Advice on avoiding Christmas Debt Posted on Tuesday, 6 December 2011 in Homeowner NewsFor many Scottish residents the threat of repossession, especially when families have resided in a property for a number of years is so severe that those people put off seeking debt help options for understandable reasons.
A protected trust deed is a way of clearing debt that should only really be considered when you have no other way of realistically managing your debt in Scotland.
If you are a homeowner and you are concerned about repossession or what might happen to your home in the event of using debt management here are some things to ponder.
Debt Arrangement Scheme
Using this Government-created tool, althoug...
Read more of Debt in Scotland and facing Repossession?