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 […]

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. […]

When it comes to selecting a company to help you with your Trust Deed there are plenty to choose from. At last count there were over 50 Insolvency Practitioner firms in Scotland that had registered a Trust Deed during the year. This mean you have a choice over which Trust Deed company you choose. If […]

Usually a Trust Deed will last for 4 years and you will be asked to contribute all of your disposable income each month. This is the amount of money you have left over after paying your essential bills. However, there is also a route to enter a Trust Deed with equity only. The equity only […]

A question asked recently was, “Isn’t a Trust Deed supposed to last 3 years not 4”? It’s a very good question which we thought we’d share the information about. In 2013 Scottish Trust Deeds were changed. The legislation changed in multiple ways and one way was that the standard 3 year solution became a 4 […]

The Government went to the Supreme Court yesterday to appeal over a previous ruling that their back to work schemes were legally flawed, they have lost. Earlier rulings have said the “schemes were invalid” and yesterday Ministers failed to overturn this ruling. Miss Reilly claimed that sending her to work in pound lands store for […]