What is Debt Consolidation?

By: Scottish Debt Expert0 comments

If you have a significant amount of debt, chances are it isn’t all in one place. Perhaps you’ve taken out loans to prevent late payment charges and still not...

Read More

Council Tax Wage Arrestment (Earning’s Arrestment)

By: Scottish Debt Expert0 comments

In Scotland, if you’ve fallen behind on your council tax, one of the ways that your local council may attempt to recoup this debt is through ‘wage arrestment’, or...

Read More

What is a Default Notice?

By: Scottish Debt Expert0 comments

If you fail to keep up repayments towards a debt or you pay less than you are required, you may receive a default notice, also known as a default...

Read More

What Is The Minimal Asset Process?

By: Scottish Debt Expert0 comments

Bankruptcy, or sequestration, as it is known in Scotland, can be a costly ordeal – and not just for your creditors. There’s a £200 upfront fee, followed by 4...

Read More

What is a Debt Management Plan in Scotland?

By: Scottish Debt Expert0 comments

If you’ve got a serious debt problem and you feel like you’re struggling to keep your head above water, a Debt Management Plan (DMP) can help you get things...

Read More

What is a Decree in Scotland?

By: Scottish Debt Expert0 comments

If you don’t pay a debt, further action could be taken, and you could be faced with a court decree.  This court order can lead to enforcement – so...

Read More

What Is a Notice of Correction on Your Credit Report?

By: Scottish Debt Expert0 comments

Does anyone actually understand credit scoring?  Vague, confusing and often frustrating, credit reports can make or break your financial life. Having a dodgy credit file can severely impact your...

Read More

How to Make a Full and Final Settlement Offer

By: Scottish Debt Expert0 comments

If you’ve been in a difficult financial situation for some time now, with debts piling higher and no way out in the foreseeable future, you might want to consider...

Read More

What is a continuous payment authority and how do I cancel it?

By: digitalimpact0 comments

A Continuous Payment Authority is a posh way of describing a 'recurring payment'. Popular continuous payment authorities include a gym membership.

Read More

What is a schedule of inhibition in Scotland?

By: Scottish Debt Expert0 comments

Jason has been battling his debts courageously, but it’s finally starting to catch up with him. After months and months of unpaid debts, Jason’s creditor has served him with...

Read More