Scots having to stump up an extra £7m over debts |
People in Scotland have paid £7m more in court judgment claims over unpaid bills in just one year, it has been reported. Analysis has revealed the total value of consumer decrees in Scotland has surged by 19%, from £37m to £44m in a year, with 1,000 more
people falling foul of debt claims in the courts than in the first year of the Covid crisis. The Registry Trust has called on government, policymakers, regulators, the financial sector, and civil society organisations to
collaborate to protect financially vulnerable households from further
financial harm, saying the worst may be yet to come as Government
support for business during the Covid pandemic winds down. The total number of court judgments over consumer debt north of the Border has also gone up by 9%,
from 13,308 in 2020 to 14,444 in 2021. Cases involve money owed on
credit cards, overdrafts, loans and rent arrears. The Trust, a non-profit organisation that collects judgment information in Scotland on small claims and summary cases, said there
was an urgent need for help to repair people's finances and promote
financial resilience against future financial shocks. |
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