There has been a big drop in the number of Scots who are struggling financially being taken to court for eviction and debt cases since the financial crash of 2008.
While this appears to be good news, there are still lots of people who are looking for impartial help and advice to resolve their debt situation.
However, the Scottish government has revealed that the number of Scots being taken to court for eviction, debt recovery and repossession has dropped substantially.
The government says that judges and sheriffs are dealing with fewer people and firms who are owing money.
In 2016/17, the courts dealt with 30,000 cases of debt recovery, more than half of these were small claims.
Compared with 2008, that’s a 54% fall and it’s also a 12% drop on the year before.
Court cases were settled
Two out of three of these court cases were settled in favour of those who brought the case.
Official figures also highlight that around 4% of Scots admit they have debt problems and this figure drops to 2% of those who are owner-occupiers. For private renters, the figure is 9%.
The figures are interesting because when compared with 2008, that’s when the financial crash led to a spike in homes being repossessed, the big drop highlights that fewer people are losing their homes.
In a report, the Scottish government says that the decreasing number of repossessions could be down to a recovery in the economy.
Court is not always an option
However, a court case has also forced lenders to reconsider how they will chase someone for mortgage arrears and taking them to court is not always an option.
In the course of last year, there were 1,753 homes and properties subject to repossession proceedings by lenders.
The figures for landlords looking to evict tenants are less clear but there’s more help in dealing with rent arrears than there was previously.
The numbers for the cases account for two in five civil actions in the country’s courts which have also seen a fall.
While the figures are good news for many reasons, there will be Scots who are struggling financially to maintain debt repayments and may be needing independent help and advice from debt experts.
Opportunities in Scotland to deal with debt
The opportunities in Scotland to deal with debt are different to those in the rest of the UK.
That’s why there’s a team of experienced debt advisers at Scotland’s Trust Deed who can offer impartial advice which means that your conversation will be held in confidence and you don’t have to follow what they recommend.
If you do, they may discuss undertaking an informal arrangement with lenders, discussing a way to repay all of the debts and there are also other debt options too.
One of them is a debt arrangement scheme which will see a Scot repaying everything they owe but at a rate they can afford. Many people have enjoyed this route as a debt solution.
That’s because they are protected from their creditors from taking any further action once they have been accepted onto the scheme.
All they have to do is maintain these lower, more affordable repayments to enjoy the protection.
Discuss a Scottish trust deed
It’s also possible to discuss a Scottish trust deed which works along similar lines and will see someone struggling to repay their debts begin a repayment plan at an affordable rate.
However, the big difference is that this repayment plan will run for up to four years and any amount of debt that remains when this comes to an end is deemed as being unaffordable and written off.
There are obvious attractions for people undertaking a trust deed, but there are criteria to meet.
Information about a Scottish trust deed
For more help and information about a Scottish trust deed, the debt arrangement scheme and other debt solutions for people living in Scotland, it’s time to speak with the debt advisers at Scotland’s Trust Deed.