Debts & Loans

A FREE phone advice line for families with mounting debts will be launched this week.

The Scottish government are pumping £382,000 into promoting the service as the credit crunch and rising energy prices hit thousands of households.

National Debtline - on 0808 808 4000 - will feature in TV and online adverts. And cash machines will carry their ads.

Deputy first minister Nicola Sturgeon said the scheme would focus on helping people to "self diagnose" their finances.

She added: "As the recession bites, families across Scotland are feeling the pressure financially, with increases in food prices, rising bills and mortgage and lending uncertainty all adding to the headache.

"National Debtline will provide the best possible support for people with debt problems. The advice is free, confidential and independent.

"The main message we want to get across is for people to take control of their debt before it controls them.

"The first step to beating debt is to face up to it and recognise you need to do something about it sooner rather than later.

"This government will do all it can to help those in difficulty."

Joanna Elson, of Money Advice Trust, who a re leading the project, said: "This campaign is all about empowering people to face up to their debt before they find themselves faced with an uncertain financial future.

"It's important not to sit worrying - make the call and take control of your debt."

Citizens Advice Scotland, Money Advice Scotland and homeless charity Shelter are backing the scheme.