Trust Deed News - Scottish Debt News

Debt News

Who Is Affected By Debt?

At Debt Support Trust we are often asked who is affected by debt, although this question may be asked in a variety of ways. Sometimes people are worried whether an ex partner’s debt will affect them, others are concerned their own debt might be harming other people.   There are two ways someone may be affected […]

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Can’t Afford Insurance

Recent research from Debt Support Trust has confirmed that many families in need of insurance policies don’t have them in place, should the worst happen. Debt Support Trust’s charity advisors have helped people resolve £100 million worth of unsecured debts. Research from the information gathered found that 61% of people who have at least one […]

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£100 million Unsecured Debt

Debt Support Trust money advisors have helped people in debt deal with £100 million worth of unsecured debt. The charity which was established in 2010 has helped people in Scotland and across the UK with telephone, internet and face to face debt advice. Almost 6,000 people have used the not for profit service at Debt […]

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Dealing with Debt At Christmas

Christmas has become an expensive time of the year for the average family in the UK and it’s all to easy to build up debt at Christmas. Those consumers who already have debt prior to Christmas will find it even harder to cope with the additional expense. The festive period will see a lot of consumers […]

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Young & Employment Greatest Risk of Poverty

A new report from the Joseph Rowntree Foundation has revealed young people and those in employment are at greatest risk of living in poverty. While the number of pensioners living in poverty has fallen to the lowest since record began, working-aged adults in poverty has almost reached a record high. Ten years ago pensioners made up 24% of […]

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Bankruptcy or Trust Deed Scotland

Should you enter a bankruptcy or Trust Deed? This is a question a lot of people in debt ask us at Debt Support Trust but it will depend on a number of factors. The Trust Deed in Scotland and Bankruptcy can be similar – they are both insolvency solutions – but they have key differences. […]

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Wonga Writes off £220m Debts

Controversial payday lender Wonga have announced they will write off £220m in customer debts after they implemented new, long demanded affordability checks. Payday loan companies have been criticised for their approach to praying on vulnerable consumers who are unable to get credit through banks and charging high interest. A lot of people who have taken […]

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Can’t Enter a Trust Deed

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From time to time you may hear about a debt solution called a Protected Trust Deed. This solution is advertised heavily on TV, radio and newspapers. As a registered charity providing debt advice we offer a full range of debt solutions when we offer our advice. The advice is then tailored to your specific situation. […]

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Debt Advice in Aberdeen

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If you live in Aberdeen you may question which debt solution is best for you. There are several options available to consider. If you need debt advice in Aberdeen you can speak to Debt Support Trust on 0800 085 0226. It’s important to get debt advice which is specific to your situation. People living in […]

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Wages Arrestment Trust Deed

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When creditors are owed money they will first contact you to request the payment. If you fail to agree to the payment then the creditor in Scotland may approach your employer and request a wages arrestment. This is where the creditor will be given access to speak with your employer and receive a percentage of […]

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