Debt And Mental Wellbeing

NOTE: Whilst the following article was written during the height of the Coronavirus pandemic, most of the advice remains true. More recently, the cost of living crisis has resulted in a need for many of the same type of information, albeit with more budgetary reasons. See coping with the cost of living crisis for more relevant information, tips & advice.
You might find yourself feeling worried about the spread of Coronavirus and its impact on you and your loved ones. The undetermined length of time that Covid-19 will be upon us. Sensationalised headlines and what seems like endless wrangles of red tape getting the help that you need with your finances. These feelings are normal and it’s important that we acknowledge them and remind each other to look after our physical and mental health. We’re having to spend more time at home, perhaps isolated from our friends, family and other relationships that we know are vital to keeping ourselves mentally healthy. It may also be harder for us to do the things that normally help keep us well. And, for those with either new or existing issues with finances – while it’s true that most credit card and loan lenders are being more lenient, calls are still being made by creditors and their debt collection agencies; letters are being triggered automatically on default of payments. During the Coronavirus lockdown, we are entitled to one form of outdoor exercise per day – walking, running or cycling. However, some parks around Scotland have been closed to stop people congregating – really we should be avoiding going out at all, where possible. The NHS has published a list of Gym-Free exercises to help. Here is the Trust Deed Scotland® list of recommendations for home-based Coronavirus exercises. 1. Yoga Doing yoga on a regular basis can be extremely beneficial for your flexibility, help you boost your strength and improve your overall fitness. If you would like to practise your downward dog in your living room with the help of an instructor, you can do so by joining in CorePower Yoga’s live classes. 2. Dancing Seen On Screen offer dancers of all levels the chance to learn routines inspired by stars including Beyoncé, Rihanna and Britney Spears by Zoom. Check out their Instagram account for more information 3. Cardio Barry’s UK, the fitness studio famed for pushing its participants to the physical limit, has brought its intense workouts to Instagram live. Find out more about the Peloton app on Apple and Android – High-intensity workout classes and it’s a free trial for 90 days. Don’t forget to set a reminder to cancel the trial! 4. Boxing You can also investigate Boxercise and similar exercise being streamed to your home; however, while its not strictly a Boxercise, you can do no wrong by checking out Heavyweight champion Tyson Fury’s workout. Many other celebrities from the sporting community are helping to keep the nation fit with similar videos, so keep an eye out for these as well. 5. Martial Arts By burning calories and toning muscles, martial arts help you lose weight and maintain healthy body weight. Stamina. Since martial arts provide a full-body workout, they increase overall stamina and endurance. Tai chi is a particular favourite of the Trust Deed Scotland® team, also called tai chi chuan, combines deep breathing and relaxation with flowing movements. Originally developed as a martial art in 13th-century China, tai chi is now practised around the world as a health-promoting exercise. Studies have shown that tai chi can help people aged 65 and over to reduce stress, improve posture, balance and general mobility, and increase muscle strength in the legs – making it ideal for our older Scottish citizens self-isolating to also join in.  

Other Home-Based Exercises

Good Housekeeping published a list of 25 live stream fitness workouts, which Trust Deed Scotland® also recommends you browse for inspiration. We’re always on the look out for new recommendations, you can get in touch with us at enquiries@trustdeedscotland.net with any home-based suggestions that can help improve our mental wellbeing while we battle with the coronavirus pandemic. Perhaps you’ve been furloughed and self-employed personal trainer that has been forced to remain closed due to the current situation. We look especially love to hear from you. Also consider combining your essential shopping trips with your permitted outdoor exercise. E.g. leave the car and walk to the supermarket instead. This is especially appealing us those needing to still take public transport to and from the supermarket. Where public transport, or a taxi is essential for bringing home shopping, you can consider walking there and getting a bus, train or taxi home.  

Coronavirus Debt & Mental Health Links

  For some people living in Scotland, the Coronavirus outbreak may trigger compulsive thoughts and unhelpful behaviours, particularly if you have pre-existing conditions such as an anxiety disorder or Obsessive Compulsive Disorder. If you are receiving support for your condition, you might find it helpful to talk to your clinician, therapist, or other medical professionals. There are also an increasing number of online resources available for you. Anxiety UK: Help for Health and other forms of anxiety during Coronavirus Beat Eating Disorders: Coronavirus and Eating Disorders BBC: Coronavirus: How to manage Anxiety and OCD during the pandemic OCD-UK: Tips for people managing OCD throughout the Coronavirus epidemic Rehab Recovery – Addictions helpline SAMH – Coronavirus and your mental wellbeing It’s important for our mental wellbeing that we continue to keep our minds active during the Coronavirus pandemic as there is a well-established link between debt and mental health. Government surveys report that in Scotland: • 16.66% of the Scottish population are living with a mental health problem (Office for National Statistics) • 25% of the population in Scotland with a mental health problem is living with debt or arrears • Three times as many adults with mental health problems report debt or arrears, compared to those without mental health problems (Office for National Statistics). On the basis of these Office for National Statistics figures, as many as 143,500 adults in Scotland with mental health problems may be living with unaffordable debt or arrears. Debt is not only an issue for people already living with a mental health problem. Research studies indicate that debt can be both a consequence and catalyst of mental health problems, including: • Anxiety and Stress • Depression • Self-Harm & Suicidal Thoughts • Strain on Personal Relationships, Social Inclusion and Self-Esteem.

Coronavirus & Unaffordable Debt

During the Coronavirus pandemic, Trust Deed Scotland® has been continuing to help people with unaffordable debts and some of the people we’ve given advice to are experiencing higher levels of anxiety and other forms of mental health problems. If you do something about your debt today, you can stop worrying about it tomorrow. Find out more about Trust Deed Pros and Cons and alternatives such as DAS (Debt Arrangement Scheme) in our Scottish debt solutions guide. Call us now on 0141 221 0999 for non-judgemental, confidential advice. We’re here for you throughout the Coronavirus pandemic & beyond. Our highly trained and experienced debt advisers have excellent listening skills and have helped over [volume] people in Scotland look forward to a life after debt.

Coronavirus Online Gambling Debt Warning

When the fun stops. Stop. Well done you. You’ve stuck to the rules of self-isolation, leaving the house only for permitted reasons. You have cleaned the house from top-to-bottom, called your friend that you’ve been meaning to call for ages and you’ve watched your favourite boxsets from season 1 to season 8 all week long. You’ve been keen to avoid retail therapy since most shops are delivering essential goods only but boredom may be starting to creep in, it’s only natural. Now you’ve received an email, or seen an ad online offering you a welcome bonus for an online casino. Free spins on the roulette. Virtual horse racing with £100 free bets. Where’s the harm in signing up and killing some time while you wait for the latest episode of EastEnders or Coronation Street to start! If you’re used to a flutter in sports betting shops, or online – chances are you are familiar with the ‘When the fun stops. stop’ slogan created as part of the campaign created by the Senet Group, to promote responsible gambling standards. The key messages of the When The Fun Stops campaign. Set your limits at the start Only bet what you can afford Never chase your losses Don’t bet if you’re getting angry Never put betting before your mates

Gambling Debt Warning

Could you end up with Gambling Debts? Gamblers could struggle during the Coronavirus crisis as isolation leads them into addiction and debt, The NHS Northern Gambling Service has reported. Matthew Gaskell is a Consultant Psychologist and Clinical Lead for addiction services with the Leeds & York Partnership Foundation Trust and speaking to the BBC on the potential dangers of an increase in online gambling debts and addiction during the Covid-19 crisis, he advised: “There are a range of risk factors in place at the moment: social isolation, boredom, stress, financial and job insecurity and the opportunity to gamble online. “While a lot of sports betting has stopped, we are expecting a rise in referrals further down the line. It takes time for gambling harm to spread across someone’s life and for them to realise they have a problem. “We are concerned that the next wave of gambling addiction will happen under these circumstances and that customers are not being adequately protected.” The Guardian further reported that online gambling websites had seen increased online casino activity during the Coronavirus lockdown. Trust Deed Scotland® recently wrote about Coronavirus Debt And Mental Wellbeing and gave some advice for many of the people respecting the rules of social distancing and self-isolation. While mental health issues and debt have strong ties with one another, the same is, unfortunately, true for gambling addictions and debt. Trust Deed Scotland® recommends reading our guide to find alternative ways to keep your mind and body activity during lockdown conditions created as a result of the response to the Covid-19 pandemic.

Online Shopping Debt Warning

As well as depression, anxiety and boredom leading to gambling debts and addiction, there is a further danger than Coronavirus lockdown boredom could lead to an increase in compulsive non-essential online shopping. Under normal circumstances, researchers have said that compulsive online shopping itself should be treated as an addiction and mental health disorder The further fear during the Coronavirus outbreak is that credit card debt and buy now pay later schemes may lead to further problems down the line, long after the eventual lifting of the Coronavirus restrictions. Home shopping catalogues too may seem more appealing as we look for ways to cheer ourselves up and pass some time while we stay at home with fewer options to keep ourselves occupied.

Gambling Debt Advice In Scotland

If you feat that you have a gambling addiction that has caused debts due to gambling, the first, and most obvious step is to completely stop your gambling. GamCare – GamCare offers support and information for partners, friends and family of people who gamble compulsively. Gamblers Anonymous Scotland – Local support groups for anyone in Scotland affected by their own, or someone else’s gambling problem – find your nearest group there. If you’re struggling with unaffordable debts you may be finding it difficult to cope already and with the current conditions, this may be causing you to worry further about how you will afford to repay your unsecured debt. Don’t worry, every year we help thousands of Scottish residents enjoy a debt free future. To get started, call us on 0141 221 0999 or try our online Trust Deed Wizard tool.  

Coronavirus Protection From Sheriff Officers

The Coronavirus (Scotland) Act has now officially been enacted, which comes with greater protection against Sheriff Officers in Scotland, our equivalent of a Bailiff. The Civil Enforcement Association had previously reported that in England and Wales, bailiffs had until recently been harassing people over typical debts such as council tax debts, even while social distancing rules had come into existence. As well as better protection against Sheriff Officers in Scotland, there is also now more relief from creditor enforcement action such as Wage Arrestment. The new legislated changes are part of a temporary amendment to the Statutory Moratorium in Scotland and allows you to apply for 6 months protection against creditor debt collection enforcement tactics, including the use of doorstep Sheriff Officers to collect debt.  

What is a Scottish Statutory Moratorium?

  The word Moratorium itself is derived from 19th-century Latin word ‘morat’ meaning ‘delayed’ and sounds quite intimidating on its own, but it is a benefit of people in Scotland worried about how the Coronavirus crisis may impact their finances, especially where enforcement action has been threatened against the individual. So, what is a Statutory Moratorium? Quite simply, it is a temporary prohibition of creditor enforcement activity, that it is free for an individual in Scotland to apply for and does not require an application to be made to the courts in Scotland, even though it protects individuals from court-approved debt recovery practices, known as diligence in Scotland. Once applied for, the Statutory Moratorium protects people from any further action being taken by Sheriff Officers and from applications being made to the courts to make people Sequestrated. The Statutory Moratorium protects people  in Scotland from:
  • Charge for Payments
  • Wage Arrestment
  • Bank Account Arrestment
  • Attachments of Property
If you are being threatened with any of these actions, or the process has already begun, contact Trust Deed Scotland immediately on 0141 221 0999 and we can advise on applying for Statutory Moratorium on your behalf.

Does a Scottish Statutory Moratorium Freeze Interest and Charges?

If we go back to the original Latin meaning of the phrase Moratorium; it means that enforcement action will be ‘delayed’. Your debt total may still increase during this time as your creditors may continue to apply interest to the outstanding amount. The purpose of extending the Scottish Statutory Moratorium terms during the Coronavirus outbreak via the new legislative powers of the Coronavirus (Scotland) Act is to give you valuable breathing space during these uncertain times. As such, treat it as a stay of execution while you evaluate your options to pay back the debt to the best of your reasonable ability.  

Help With Sheriff Officers & Enforcement Action In Scotland

  If you’re struggling with unaffordable debts, due to a change in circumstances brought about directly as a result of the Coronavirus, or because you were already in financial difficulties before the crisis began, there is help available for you to repay those debts and look forward to a life after debt. As Scotland’s No.1 Debt Advice Company, having helped [volume] people since 2009; we have the experience required to help people in Scotland resolve their finances and get their monthly debt repayments down to an affordable level. Thousands of people have left Trust Deed Scotland a five-star debt advice review on TrustPilot and throughout the Coronavirus crisis, our advisors have been continuing to offer the same level of support, by working from home. Always 100% safe and confidential – our debt advisors have been working hard to explain the Pros and Cons of all solutions available to individuals in Scotland burdened with unaffordable debt concerns. We have spoken to while the Covid-19 crisis continues to unfold. Debt Arrangement Scheme The Debt Arrangement Scheme allows people in Scotland to repay all their debts, with one affordable payment each month. Once approved, the Debt Arrangement Scheme ensures that all interest and charges are legally frozen and ensures that you are protected against all creditor activity – from debt collection agencies to Sheriff Officers. In conjunction with a Statutory Moratorium, the Debt Arrangement Scheme will protect you from enforcement action. There are advantages, disadvantages and alternatives to the Debt Arrangement Scheme and you should give careful consideration to what is best for you, based on your own circumstances. Protected Trust Deeds Protected Trust Deeds use formal legislation that helps people reduce their overall debt payments to one fixed affordable monthly repayment. In order to qualify for a Trust Deed, you would typically have over £5,000 of unsecured debts. This may be credit cards, personal loans, payday loans and bank overdraft debts but can also include the likes of catalogue debts and Like the Debt Arrangement Scheme, in conjunction with a Statutory Moratorium, a Protected Trust Deed will protect you from enforcement action and Sheriff Officers. A Trust Deed term lasts a typical period of 48 months. After the Trust Deed term has complete, any remaining debt is then written off as unaffordable, giving you the freedom to get on with building your life. You should be aware that there are Trust Deed Pros and Cons, and there may be better solutions for you that allow you to deal with your debt and move forward with your life. Trust Deed Scotland® always recommends speaking to a qualified debt expert who shall be able to gather all information, and use that to give you a personalised illustration of the solutions available to you, and how it may affect you in the long-term.  

Where can you get reliable debt advice in Scotland?

  Talking about our debts to people that we do not know isn’t easy. Trust Deed Scotland® understands this more than most having helped over [volume] people in Scotland since 2009. We will always offer a friendly, non-judgemental advice service that doesn’t involve you being pressurised into a debt management product that you don’t understand. We’re very proud of our reviews we received where many people comment on the service that they have received and we will always have our clients best interests at heart. Give us a call on 0141 221 0999 or get started online.