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27 August, 2014

The Real Deal: No credit and broke

New report from Citizens Advice Scotland which finds that consumers can experience significant detriment and hardship caused by the (often unintentional) use of a credit broker.

27 August, 2014

22 August, 2014

Bankruptcy Fees (Scotland) Regulations 2014

New regulations prescribe the fees and outlays payable to the Accountant in Bankruptcy in respect of the exercise of that office’s functions under the Bankruptcy (Scotland) Act 1985, and also prescribe when and in what manner certain fees and outlays are due for payment.

22 August, 2014

Bankruptcy (Applications and Decisions) (Scotland) Regulations 2014

New regulations that set out the procedure for the making of applications to, and decisions by, the Accountant in Bankruptcy under the Bankruptcy (Scotland) Act 1985 as amended by the Bankruptcy and Debt Advice (Scotland) Act 2014.

22 August, 2014

Bankruptcy (Scotland) Regulations 2014

New regulations that re-enact, with modifications, the Bankruptcy (Scotland) Regulations 2008 following amendments to the Bankruptcy (Scotland) Act 1985 as amended by the Bankruptcy and Debt Advice (Scotland) Act 2014.

19 August, 2014

More than 10,000 people complain to ombudsman about credit finding services so far this year

Financial Services Ombudsman warns consumers about websites that take hundreds of pounds on the promise of finding cheap credit, only for the loans never to materialise.

15 August, 2014

Almost 1.6m UK households are spending more than half their disposable income on housing costs

Fact that working households who are ‘housing pinched’ and in the bottom half of the income distribution have so little left over, in cash terms, to pay for other things, is a real cause for concern, says Resolution Foundation.

12 August, 2014

Scottish Government allocates £518,000 to alleviate food poverty

Money to support 26 projects across Scotland providing services that include increasing food provision, promoting healthy eating, benefits and other advice and linking food providers across a local area.

12 August, 2014

Trussell Trust to launch financial advice service

Guardian reports on pilot scheme of new service introduced after survey revealed that many food bank clients had payday loans.

6 August, 2014

Insolvency Service issues call for evidence to review effectiveness of debt relief orders

Consultation will also consider increasing the bankruptcy debt threshold which has been set at £750 for almost 30 years.

28 July, 2014

Red tape holding back credit unions should be torn up so that they can be reborn as ethical banks

Centre for Social Justice sets out major package of personal debt reforms designed to 'bring fairer banking to Britain’s poorest communities and challenge the monopoly of mainstream banks and payday lenders'.

24 July, 2014

Debt problems could double as interest rates rise, says Resolution Foundation

New report estimates that, by 2018, number of households spending more than one-third of their after-tax income on mortgage repayments increases from 1.1m to 2.3m, whilst number spending more than one-half of their after-tax income on all forms of debt repayments increases from 0.6m to 1.1m.

23 July, 2014

Uptake of the Debt Arrangement Scheme in Scotland has increased compared with same quarter last year

However, personal insolvencies have decreased over the same period, according to official statistics from Accountant in Bankruptcy.

23 July, 2014

Citizens Advice Scotland report on zero hours contracts

New report focuses on the effects of workers being guaranteed no set amount of work any given week, with CAB clients being forced to borrow from payday lenders and resort to food banks because of significant variances in pay.

23 July, 2014

Government proposes fuel poverty target

New proposals include legal obligation for government to raise as many fuel poor homes as reasonably practicable to a Band C energy efficiency rating by 2030.

18 July, 2014

First-tier Tribunal and Upper Tribunal (Chambers) (Amendment) Order 2014

New regulations that allow for First-tier Tribunals to hear appeals relating to mobile homes and licensing of caravan sites, and for the Tax and Chancery Chamber of the Upper Tribunal to determine references from or appeals against decisions of the regulatory authorities that replaced the Financial Services Authority.

16 July, 2014

Almost a million older people cutting back on food, says Age UK

New research from Age UK shows that 960,000 people aged 65 or over have had to spend less on food in the last 2 years.

16 July, 2014

Financial Conduct Authority consults on price cap on high-cost short-term credit

Views sought on introduction, from January 2015, of cap to ensure that someone will never need to pay back more than twice what they have borrowed, and someone taking out a typical loan over 30 days and repaying on time will not pay more than £24 per £100 borrowed.

10 July, 2014

Insolvency statistics by region in England and Wales for 2013

Key figures in statistics published today include that, whilst the total insolvency rate decreased in all regions, the individual voluntary arrangement rate increased.