Blog

The deadline for submitting Self-Assessment forms to HMRC is fast approaching, and this can bring your full financial situation into sharp focus, particularly if you are unable to afford the resulting tax payments. The deadline for submission of your Self-Assessment forms to HMRC and payment of any outstanding liability is 31 January, however due to COVID the late filing and late payment penalties are being waived for one monthwith the deadline for submission of your Self Assessment forms to HMRC on 28 February 2022. Interest will however be charged on any outstanding liabilities from 1 February 2022. Getting the right...

Unforeseen circumstances such as being off sick from work, looking after a relative, unemployment, or over-extending yourself financially can understandably cause a shock and loss of control to your budget and household finances. The good news is that taking back control of your budget is easier than you might think. Not all your expenses have the same level of importance, and the order of importance could surprise you. Don’t Fret About Debt’s expert advisor, Alan McMillan, discusses how and where to focus your budget to give you back control. 1. Rent or Mortgage; Council Tax; Gas & Electricity; Food; Home...

With the festive period approaching we understand that this time of year can be a stressful time for those in debt. Our experienced debt advisors are on hand to ensure you can enjoy the festive period and as part of the budget plan our team complete with you we include a monthly amount towards birthdays and special occasions. Our clients tell us that after running through the budget plans and entering into a debt payment programme they can look forward to special occasions knowing their debts are under control and they can still celebrate. Debt expert Alan McMillan shares some...

A DAS, or Debt Arrangement Scheme, is a statutory Debt Payment Programme approved by the Scottish Government.  It allows you to freeze the interest and charges on your debts and repay your debts in one affordable monthly repayment, without the threat of any legal action from your creditors. If you find that you can’t keep up with your bills and household costs, or you are making the minimum payment to your debts and the balance never seems to come down, then a DAS can help you to take back control of your finances. Through a Debt Arrangement Scheme Scotland you...

With Covid restrictions lifting and the end of the Coronavirus Job Retention Scheme (furlough), many of us are starting to get an idea of what life will look like post-pandemic. Sadly, for many, this is not the same life we had pre-pandemic. Whether it means reduced income from work, less overtime availability, higher costs for operating businesses safely or the increased likelihood of redundancy, the financial implications will start to become apparent. Arguably the biggest challenge facing us will be returning to the regular expenditure of everyday life: travel, activities with the children, eating out at restaurants, weddings, holidays and...

At Don’t Fret About Debt we are on hand to help you take back control of your finances and can offer options to business owners with personal guarantees that protect your assets. Business owners who have signed personal guarantees are responsible for paying the business debt back if the business can’t. This often means that a business owner’s home is at risk from legal action by a creditor, such as a petition for bankruptcy (Sequestration). As is the case for many of our clients over the last 18 months, restrictions on trading as a result of the COVID-19 pandemic have...