Credit, Collections & Insolvency News
Scottish consumers owed £14.3 million in registered debt in Q1 (January-March) 2020, according to figures released today by Registry Trust.
The figures were a rise of 20 percent when compared to Q1 2019.
The number of decrees saw a small increase of three percent compared to Q1 2019. The large rise in the value over the period was driven mostly by a 16 percent increase in the average size of decrees from £2,267 to £2,629.
Trust chairman Mick McAteer said “Covid19 interventions by government and regulators, and forbearance by creditors means we should see a major fall in numbers next quarter. But this latest data suggests some Scottish consumers are already struggling with debts. Further damage to household finances will show up later.”
| Q1 2019 | Q1 2020 | Change (compared with 2019) | |
| Decrees against consumers | |||
| volume | 5,253 | 5,430 | 3.37% |
| total value | £11,910,308 | £14,272,964 | 19.84% |
| Average* value | £2,267 | £2,629 | 15.93% |
| Median value | £1,289 | £1,427 | 10.71% |