Service Details
We would like to take this opportunity to introduce you to Money Advice Direct.
Money Advice Direct was established in the spring of 1999 with the remit to look at meeting a long-standing need for debt and credit advice in the UK.
Money Advice Direct debt advice service is paid for by its network of professional practices in the United Kingdom. Money Advice Direct is a UK based personal and business debt consultancy offering advice to consumers and businesses on financial problems. The dedicated aim of the service is to provide clients with a caring, professional hands on approach to financial problems with the ability to identify and resolve problems at an early stage
Money Advice Direct’s advice team have extensive commercial experience in business and personal insolvency procedures and undergo regular professional training and updates, ensuring that the highest standards of practice are maintained at all times.
The staff at Money Advice Direct has been helping people achieve their financial goals since 1999. The organisation was launched with the objective of meeting a long-standing need for debt and credit advice designed for people who were frustrated with their debt situation and looking for a simple way to get out of debt quickly, as well as lower their monthly payments without having to qualify for a consolidation loan.
Its creation followed recommendations from Insolvency Lawyers, Practitioners and Accountants who were surprised by the effects of huge influx of debt management companies that had began trading in the last decade. The conclusion was reached that Money Advice Direct be a service that provides initial advice and then signpost consumers and businesses to its nation-wide network of regulated professionals.
Money Advice Direct provides initial advice and then actively refers clients to its professional network of Lawyers, Accountants, Licensed Insolvency Practitioners and Debt Management Firms specialising in money advice in the UK. Money Advice Direct exists to promote the provide money advice and make sure the public only get advice from firms regulated by UK professional bodies.
Whilst both accountants and lawyers are authorised to take insolvency appointments, in practice Money Advice Direct's network holders are predominantly accountants, lawyers and debt management firms. The work relationship between the lawyers, accountants and debt management firms in insolvency has a largely symbiotic component in Money Advice Direct. They both need each other and respect each others roles.
Please note that in line with OFT debt management guidance Money Advice Direct Debt Advice Service does not provide nor administer debt solutions itself. Instead the service will put you in touch with a licensed professional to arrange the debt solution. Please note that whilst initial advice is free, fees may be payable depending on the solution provided. Please note that your home may be repossessed if you do not keep up with repayments on a mortgage or secured loan.
IVA's
The IVA Guide
Money Advice Direct has put together an IVA Guide based on the enquiries and questions that we receive at our helpline offices.
In the guide we cover such subjects as IVA Approval, early settlment of your IVA, missed IVA payments, IVA failure, additional debt claims and much more.
[click here for IVA Guide]
What is an IVA?
The IVA is an extremely powerful tool enabling you to clear your debt and return to a clean financial bill of health. Visit Money Advice Direct's Guide to Individual Voluntary Arrangements (IVAs).
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DANGER
Due to the tremendous demand for debt consolidation services the United Kingdom is now overloaded with debt management companies that contain misleading information. [more...]