Credit, collections & insolvency news
The number of decrees and total amount of debt registered against Scottish consumers fell sharply in 2020 compared to 2019, according to figures released by Registry Trust.
The number of decrees fell by 31 percent from 19,153 to 13,308. The total value fell from £49.6 million to £37.2 million, a fall of 25 percent compared to last year. The average value of decrees rose by eight percent from £2,591 to £2,795, with the median value rising three percent from £1,401 to £1,451.
Trust chairman Mick McAteer said “Interventions by government and regulators, and forbearance by creditors, helped Scottish consumers and businesses during the Covid-19 crisis. But, as feared, the rise in decrees suggests the economic effects of the pandemic are working their way through the system.”
| Half Year 2019 | Half Year 2020 | Change (compared with 2019) | |
| Decrees against consumers | |||
| volume | 19,153 | 13,308 | -30.52% |
| total value | £49,633,181 | £37,197,815 | -25.05% |
| average* value | £2,591 | £2,795 | 7.86% |
| median value | £1,401 | £1,451 | 3.31% |
