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Trust Deed Scotland

41 per cent of Scots pay off their credit cards in full every month

The reaction follows a new report which reveals that Scottish citizens are gaining confidence over the ability to repay their debts. A spokesperson from Trust Deed Scotland® provides a statement.

Scottish citizens are becoming increasingly confident of their ability to repay debts, according to a new report. PricewaterhouseCoopers (PwC), a professional services network, found that 50 per cent of Scots currently intend to save more money over the next 12 months. The report also shows that just over one in ten Scots are worried about making future repayments compared to the one in four reported back in August 2013.

Consumer confidence continues to grow alongside the Scottish economy, PwC said in their report. This is reflected by a joint PwC/YouGov survey which shows 41 per cent of Scots pay off their credit cards in full every month. This puts Scotland ahead of households in North East England (28 per cent), Wales (31 per cent) and the East Midlands (35 per cent).

The number of Scots planning to save more is at the highest proportion since the financial crisis, ahead of every UK region except the South East and East of England. There’s also been a boost in workplace confidence as just 21 per cent of Scots believe their pay would be frozen or decrease, compared to 32 per cent nearly two years ago.

Trust Deed Scotland®, a leading provider of secured Trust Deeds and debt advice for Scottish citizens, takes a keen interest in reports such as this. A spokesperson provided this statement: “It’s great news that Scots are finally gaining more confidence over their financial situations.

It goes to show that a brighter future is ahead for many Scottish people. However there’s still a lot of work to be done, and there are many families who are continuing to struggle with money problems. People can feel lost when they are experiencing money troubles, but they don’t have to face it alone. With Trust Deed Scotland you can receive expert debt advice and we can help you find the solutions to suit your needs.”

Trust Deed Scotland® Ltd is a leading debt advisory service for Scottish residents. They are 100% owned and operated in Scotland, with a 98% trustpilot rating owing to their free, qualified debt advice. They are able to advise on the suitability of Trust Deeds and a number of alternatives, including The Debt Arrangement Scheme, Debt consolidation and Sequestration.

This press release was distributed by ResponseSource Press Release Wire on behalf of Trust Deed Scotland in the following categories: Personal Finance, Business & Finance, for more information visit http://pressreleasewire.responsesource.com/about.