Debt Help in the UK is in great demand.
Money Advice Direct is a fully interactive online resource which enables all types of commercial entities and individuals the opportunity to have direct access to professional advice on all debt and insolvency issues.
The advice team receives thousands of calls each month from the public who need monthly budgeting advice or who have been turned down for a debt consolidation loan or re-mortgage.
There are many reasons why people get into debt such as credit card or store card debt or even debt after a death in the family. Some callers have debt arising from divorce, separation or single parenthood. For this reason we provide dedicated advice on these situations.
Getting into debt can be caused by a unforeseen event such as debt arising from disability, debt from ill health or injury or even debt from redundancy or loss of work. Through these difficult time callers can get into debt from personal or secured loans, car financing or mortgages. Many callers have mail order debt or are unable to keep up monthly payments on credit cards and loans and are being chased for late payments as a result. If this is the situation the advice can help provide accurate debt advice.
Some callers suffer from shopping addiction or even have gambling debt and just need debt advice they can trust on how to avoid bankruptcy or the alternatives to bankruptcy. In many situations the public want to find out about Individual Voluntary Arrangements (IVA). Whatever the advice we can assist the public to compare debt solutions and provide advice
Money Advice Direct aims takes away any confusion about the problems you, your business or limited company (LTD) are facing. We aim to give you the confidence to face your particular situation. We aim to provide you with the debt help and advice UK to solve your debt problems.
Whether you are looking for advice on your debts through a debt consolidation solution or debt management plan or do you just have bad credit, we can assist you, please call 0800 074 6918 or apply online for assistance.
HOW WE CAN HELP
Individual Voluntary Arragement (IVA)
For some years Money Advice Direct has witnessed the growing use of Individual Voluntary Arrangements (IVAs) by those seeking to address unmanageable levels of debt.
There has been a lot of confusion about who can an IVA help? and also about whether it is better to file bankruptcy or propose an IVA. This section will go into detail about IVA's - Facts how they work and provide IVA - Help and information.
[read more about the IVA procedure here...]
Debt Management Plan (DMP)
A debt management plan (DMP) is a plan that helps individuals or households manage their debts, when they are unable to maintain their contractual payments to their creditors due to financial difficulties.
Benefits of a Debt Management Plan
- Repay your debts with one tailored monthly payment
- We deal with your creditors for you
- Take control of your debts without a loan
- Can affect your credit rating in the medium to long term
- Can cost more overall and take you longer to repay debts
- Find out more about Debt Management Plans here
Bankruptcy
Bankruptcy is a court order that you can apply for if you are in debt. Someone you owe money to can also apply to make you bankrupt even if you don't want this.
You might want to think about bankruptcy if you have no money to pay your debts, or have so little that it will take you years to repay them.
Once you have been made bankrupt, you don't have to deal with the people you owe money to (your creditors). An official called the Official Receiver takes control of your money and property, and deals with your creditors. [read more about the bankruptcy procedure here...]
Scottish Trust Deeds
A Trust Deed is a form of government legislation and was introduced to help people who were struggling to repay debts to their creditors.
If you live in Scotland and wish to be free from debt in a swift and stress free manner then a Protected Trust Deed may be the most appropriate solution for you.
The process is simple; you make one lower affordable monthly repayment towards your debts for a set period (usually 3 years) after that period any remaining debt is written off.. [read more about Scottish Trust Deeds here...]
Reclaim PPI Service
The service work alongside highly skilled claims management advisors with the sole aim to win compensation for members of the public who have been missold PPI.
The chances are that if you have taken out a loan, credit card, car finance or mortgage you may have also taken out a PPI policy. We can help you claim back your PPI premiums plus interest on missold PPI policies.
- No Upfront Fees
- No Win No Fees
- We Can Help You Get Your Money Back
We specialise in getting unfair bank charges repaid back to you. APPLY NOW!
Repossession stopped section
We have vast experience in stopping repossessions, in some cases within 24 hours notice of eviction.
You don't need to sell your property to avoid repossession & keep your home. Speak to us and we will explain all your options and give you the legal advice you need.
- Advice on how to reach a compromise with your mortgage company
- Help to put together a defence against court action to obtain a repossession order
- Advice on how to stop court action to stop impending eviction
- Access to solicitors to assist in making a case & offer to the court
- We can help make your mortgage payments affordable by reducing your payments on lower priority debts by advising on a range of debt solution options.
DEBT SECTORS
PAYE & Employed Individuals
In our experience peoples personal debt problems are caused by circumstances beyond their control and usually through no fault of their own.
This section of the site designed to give practical advice and information to employed P.A.Y.E Individuals.
Limited Companies
This section of the site is designed to assist companies of all sizes when they are unable to pay their debts or it can be seen that their liabilities are greater than their assets.
It also provides the correct guidelines for directors to follow in order to avoid misconduct
Sole Traders & Partnerships
This section of the site is designed to assist sole traders and partnerships of all sizes and industry groups with practical advice as well as matters relating to insolvency, financial implications and bankruptcy.
Students
Students are now being offered a permanent helping hand with money, before, during and after their university experience.
Money Advice Direct now offers detailed advice to students and graduates with debt issues.
NEWS
Beware Flashy Adverts!
Have you ever been tempted by flashy TV adverts or sponsored search engine listings on the subject of debt solutions?
A crackdown on debt advice companies as the Office of Fair Trading imposes bans on misleading advertisements, strict rules for handling clients' money and an end to the use of leads generated by cold-calling people with money worries. The new rules will tighten the rules on marketing and advertising, strictly regulating the use of phrases such as 'we give free advice'.
Money Advice Direct believe this new guidance is going to force many rogue debt management to face closure. [read more about the how to avoid being ripped off here...]
Modern workplace: Support
Money Advice Direct's vision is that all of the UK have access to practical and emotional support to cope with the financial pressures so that they can be the people they aspire to be. As an established debt support organisation in the UK, Money Advice Direct has been advising debt problems for over 10 years. [more...]
Personal debt problems in the UK
The aim of Money Advice Direct is to clear personal debt, using the most appropriate solutions. To free yourself from personal debt you need expert advice based on your own particular situation that is confidential and easy to access. The personal debt advisers are specialists in dealing with personal debt and advise over a thousand people a day on different ways to consolidate personal debts. The advice is always without obligation, the only details we need are a list of your personal debts and a personal budget to propose a suitable way forward. [more...]
