Debt

In November, UK credit card borrowing reached its highest level since 2004 as pressure mounts on households from rising living costs.

A public consultation is seeking views on formal debt recovery mechanisms (diligence) and statutory debt solutions such as moratorium protection, bankruptcy, protected trust deeds and the debt arrangement scheme. The consultation, running until 7 October 2022, forms part of a wide-ranging review ann

Demand for financial advice has risen greatly as many struggle to meet mortgage debt payments, a charity has warned. Citizens Advice Scotland (CAS) has seen a big increase in traffic to their website pages for advice on mortgage debt. From June 2021 to June 2022 the views of the webpages 'Schemes th