The Caithness Business Index has posted the following article:

1 in 5 Scots still paying off finance for items they don't own anymore

*Nearly a fifth of Scottish consumers say they are making finance payments for something they no longer own *The most common agreement to still be paying for is a mobile phone contract *Upgrading was the reason that most people gave for not owning the item anymore Almost a fifth of people in Scotland - equating to 950,000 - are still paying off loans or finance agreements for goods that they don't own anymore. A survey* conducted on behalf of Scottish debt advice and solutions provider Debt Advisory Centre Scotland (DACS) revealed that nearly one in five (18%) of those questioned said they still owe money for items, even though they no longer own them. [Read Full Article]