Personal debt in Scotland is increasing due to the recession, job losses and the increases in cost of living. Add to this, those people with no other option but to borrow off credit cards and take out further unsecured loans, it is easy to understand why the country has been swept into a debt vacuum.

As the SNP records a landslide victory in the Scottish Government elections, trustdeedscotland.co.uk looks to the future of Scottish residents in debt.

When the SNP launched its election manifesto, the headline declared “Scotland is on a journey and the path ahead in a bright one. Now is the time to keep moving forward.”

Further into the manifesto, referring to Young Families, the party added “Household budgets are under pressure. And the consequences of losing your job are far greater than if you’re single.

The SNP is working hard to make life better for young families. We know how much parents value good childcare and education, so we’ve delivered a 20 per cent increase in free nursery places and the smallest primary class sizes on record.

And since April last year, we’ve created 46,000 new jobs, many of which have gone to Mums and Dads anxious to secure their futures and those of their children.”

Now that the party has won the election, it is hoped that they will deliver on their promises and deliver prosperity to the people of Scotland.

Last year alone, many thousands of Scottish people took advantage of government legislation and used a Protected Trust Deed to clear debts that they couldn’t afford to repay. Trust Deed Scotland are an introducer of Trust Deeds in Scotland and the have been working hard to educate people with debts in Scotland of the advantages of seeking help for debt problems and in particular, to advise on the advantages and disadvantages of a Scottish Trust Deed.

Trust Deed Scotland, owned and operated in Scotland has spoken out and will be pleading with the SNP to do more to help those with debt in Scotland.

A Trust Deed can help people clear some of their unsecured debts and also ensures that the interest and charges are frozen by creditors.
As a Trust Deed lasts a typical period of 36 months, it is even conceivable that an individual with debts of more than £10,000 could be clear of debt by the next UK general election but if not, more than certainly debt free by the time the next Holyrood election comes around for the next Scottish Parliament election.

When it is time to vote in the next Scottish Government elections, we will know if the SNP have delivered what they promised and trustdeedscotland.co.uk hope that the hardest hit families in Scotland are also walking along the bright path ahead that was envisaged in the SNP manifesto.


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