The number of decrees and total amount of debt registered against Scottish consumers fell by 42 percent in the third quarter (Q3) of 2020, according to figures released by Registry Trust.

The number fell from 4,859 to 2,805, with the total value falling from £13.2 million to £7.6 million compared to the same period last year. The average value at £2,710 saw no real change from the £2,715 in Q3 2019. The median value dropped by nearly 15 percent, from £1,482 to £1,265.

Trust chairman Mick McAteer said “Covid19 interventions by government and regulators, and forbearance by creditors, have helped Scottish consumers and businesses. But, once these measures are wound down, the damage to household and business finances could start to show up.”

Half Year 2019 Half Year 2020 Change (compared with 2019)
Decrees against consumers
volume 4,859 2,805 -42.27%
total value £13,190,155 £7,601,178 -42.37%
average* value £2,715 £2,710 -0.17%
median value £1,482 £1,265 -14.64%