Sheriff Officers have arrested my Bank Account… What now?

In Scotland, if you owe money and a Sheriff Officer is instructed to recover that money from you, one of the most likely ways they will do this is by arresting your bank account. This effectively means they will attach the funds in your account and instruct your bank to transfer them into a holding […]

3 myths around Trust Deeds and your home

The decision to enter a debt solution isn’t one that’s taken lightly – especially for homeowners. Understandably the most important asset you’ll own, or hope to own, it’s always important to factor your home and living situation into any decision you make about your finances. Living with debt can be daunting but you shouldn’t let […]

Trust Deeds and Car Finance

A Trust Deed is a formal debt solution available in Scotland that allows you to pay off your debts with an affordable monthly repayment, with the remainder of the debt being written off at the end of the repayment term. It usually lasts for 4 years, however, a longer period can be considered depending on […]

How Does a Trust Deed Work – Everything You Need to Know

What is a Trust Deed? A Trust Deed or a ‘Protected Trust Deed’ is a formal debt solution for people who are struggling with unsecured debt. A Trust Deed uses government legislation to allow a person to write off unsecured debt, reduce monthly payments as well as freeze interest and additional charges. It is only available […]

Can I Get A Mortgage With A Trust Deed?

Many people who are struggling with debt worry that they won’t be able to borrow money in the future. So it’s a common concern that when entering into a Trust Deed you may wonder about the impact this will have on your ability to obtain a mortgage either whilst in your arrangement or after. A […]

Can I Get a Mortgage on a Debt Arrangement Scheme (DAS)

The Debt Arrangement Scheme (DAS) is a Scottish debt solution that allows you to lower your monthly payments to pay off your debts. A Debt Payment Programme (DPP) is built using your real income and expenditure to determine how much you can afford to distribute amongst your creditors. For many people in debt, protecting or seeking a […]

How to build your credit score in 6 easy steps

Having a good credit score is a big part of your financial life. A three-digit number that determines how likely you are to pay back borrowed money. It’s pretty simple – the higher your score is, the more likely you are to be accepted for loans and credit cards. You can check your score any […]