Get out of Debt
Freephone Confidential Debt Advice
Money Advice Direct Debt Helpline is a national telephone helpline for people with debt problems in England, Scotland, Ireland and Wales. The free phone service offers confidential debt advice and is open 24 hours a day. The service is well established and was set up to help with debt problems.
The UK Insolvency Helpline can provide you with freephone confidential advice and support on 0800 074 6918. For immediate help please call 0800 074 6918 or click here to complete our standard debt advice form.
The debt helpline receives over 10,000 and emails calls each year from people all over the UK that are worried about the debt. Debt help is available from a variety of sources to help people worried about debt. If you have debt problems Money Advice Direct can provide you with expert advice that could help you get back on your feet and on with your life.
Money Advice Direct will find the range of solutions available to help with debt.
Whatever debt worries you have there is a debt solution available for you to help with debt such as:
- Debt Management Plans
- Informal Arrangements
- IVA
- Consolidation Loans
- Bankruptcy
- Administration Order
- Trust Deeds
- Sequestrations
The debt advice team is here to guide you are unsure which debt procedure to use to get out of debt or for debt advice to suit your individual circumstances.
- What debt help is available in the UK?
- What is informal debt consolidation?
- Is my credit rating going to be affected?
- I am being threatened with court action – what can I do?
- How do I go about getting help?
- Will I lose my house?
- Will I be able to get a mortgage or credit in the future?
- How long will it take to get out of debt?
- How much will help cost me?
- What action can creditors take against me?
- Could I lose my job for being in debt?
- Will I go to prison for being in debt?
- Are IVAs a good procedure when you are in debt?
- What are the different types of debt?
- What is debt negotiating?
- What are the do’s and don’ts of debt?
- How do I stay out of debt?
This section of the site gives you basic advice about debt and simple guidelines for dealing with money problems. It is important not to panic about debt problems but also you shouldn't ignore them - they won't go away.
Asking creditors to write off your debt via a debt management plans or IVA may be a suitable route but callers must consider how debt affects your credit record. The advice team give you advice about debt problems.
The following steps can be followed too to help you deal with your debts:-
Step One – make a list of your debts
Before you can tackle a debt problem, you need to collect together information about your money affairs. Make a list of all the people and companies you owe people to (your creditors). You will need the following information for each debt.
Step Two – work out your budget
It’s a good idea to keep the latest letter or statement for each debt together in one place so that you can easily find them if you need them.You may have other debts which you think it is particularly important to pay. For example, if you're disabled and rely on your car to get around, you may need to make paying for your car a priority debt.
Step Three – sort out your priority debts
Think about the ways in which you might earn extra money or increase your income. You may be able to claim benefits or tax credits. There's a useful website that lists organisations which give grants to people in need. For example, it lists some charities which give grants to people to help pay their bills or buy essential items.
Step Four – sort out your non-priority debts.
When you've added up all the figures, you'll see if you have any money left over to pay your debts. You may even be able to see if you can make some savings. An advice agency can help you draw up a budget and help you increase your income if this is possible. You can use the debt budget calculator to help you draw up a budget and claim benefits and tax credits. You can use the budget sheet to help you draw up your budget.
Step Five – procedures that help with debt
- Making offers to creditors yourself via an informal arrangement.
- Asking a Debt Management Company to make offers for you – see under heading Debt management plans
- Applying for a court order that allows you to pay only a proportion of the debt. This is called an Administration Order – see under heading Administration Orders
- arranging a legal agreement with your creditors. This is called an Individual Voluntary Arrangement (IVA) – see under heading Individual Voluntary Arrangements (IVAs)
- Putting all your debts into one loan. This is called debt consolidation
If you need immediate debt advice tailored to your situation or more general budgeting advice please call on 0800 074 6918 for help with debt.
Debt Advice - Information Centre Menu
- Debt advice
- The causes of debt
- How to clear debt
- Get out of Debt
- Guide to getting debt free
- Getting out of Debt
- Help with debt
- How to get out of Debt
- Managing debt
- Debt advice
- Debt problems
- Debt reduction
- Debt questions
- Living alone in debt
- Where to find debt help and advice
- Partner, wife or husband not aware of debts
- Debt collection help
- Need money to clear personal debts
- Refused a loan?
- Cheap loans
- 24 Hour Debt Advice
- 24 Hour Debt Help
- Advice about Debt
- Advice Debt
- Apply for a Credit Card
- Bank Account UK
- Bad Debt - Advice on how to deal with unsecured bad debts
- Reduce Your Debts - Guide to dealing with debts
- Debt Management Companies
- Clear my Debt
- Clear my Debts
- Clear my Debts UK
- Clear your Debts
- Consumer Debt Management
- Debt Advice England
- End Debt
- Find Debt Advice
- Find Debt Help
- Get Debt Help
- Get me out of Debt
- Get Debt Help Guide
- Find Debt Help and Advice
- Personal Debt
- Personal Debt Advice
- Personal Debt Consolidation
- Personal Debt Help
- Personal Debt Management Help
- Personal Debt Problems in the UK
- Clear Personal Debt
- Personal Debt Helpline
- Clear your personal debt problems
- Consolidate Personal Debts
- Help with Personal Debts
- Identity Theft Debts
- Manage my Debt
- Money Debt Help
- National Debt Help
- Nationwide Debt Help
- Need Debt Help
- Prepaid Credit Cards
- UK Personal Debt Help and Advice
- UK Personal Debts
- Loans to Clear Debts
- Debt - frequently asked questions
- Debt and the law
- Government Debt Advice
- Government Debt Help
- Government IVA Advice
- Government IVA Help
- Online Debt Advice
- Financial Problems
- Solve Financial Problems
- Financial Problem Advice
- Financial Problem Solutions
- Financial Problems Help
- Budget calculator
- Debt-to-income ratio
- Credit repair - Main menu
- PAYE / Employed Indivduals Enquiry Form
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).
[more...]
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...]