Scottish government creates debt forum - Credit cards - News - Moneyfacts


Scottish government creates debt forum

Scottish government creates debt forum

Category: Credit cards

Updated: 15/01/2009
First Published: 14/01/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
The Scottish government has announced that it is taking steps to aid those who may be struggling financially.

A panel of experts will form the Debt Action Forum, which is being created to examine ways in which those facing difficulty could be helped.

It will consider legislative and non-legislative steps, as the government attempts to tackle the problem of rising debt through the likes of unsecured loans and credit cards.

"The economic conditions are expected to last into 2010 and the Scottish government already has a full programme of work underway in response to the impact of the credit crunch and recession," said community safety minister Fergus Ewing, who is chairing the forum.

Changes are also being made to the country's debt arrangement scheme, allowing those needing to consolidate what they owe into a single monthly payment to do so without facing legal action.

A recent study by revealed that consumers are now more likely to be willing to talk about money problems than they were a year ago.

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