Birmingham is covered by the National Debt Advice Service as is every city in the UK

IVA bankruptcy debt advice covering Birmingham and any location in the UK

Please note that Money Advice Direct Debt Advice Service is a national organisation covering the entire UK. Please note that the service operates from offices in London and a national telephone advice centre in the north of England. The service does not operate a physical office or a seperate team in each of the city and regions listed on this page.

Birmingham is a city and metropolitan borough in the West Midlands county of England. Birmingham is the largest of England's core cities, and is often considered to be the second city of the United Kingdom.

Almost half of the population Birmingham is concerned about debt with more than a third significantly changing spending habits to combat the effects of the credit crunch according to new research by one of the country’s biggest banks.

The advice team at Money Advice Direct found one in ten people in Birmingham do not have any savings whatsoever, which matches the total nationally, where many people are yet to get on the savings ladder. Nearly a third of people do not save on a regular basis, with 52 per cent saying this is simply down to a lack of spare cash.

Advice for those in across the entire UK including Birmingham in debt.

Debt is a fact of life for many resident of Birmingham. It is known that thousands of people each year, for whatever reason, get into debt. One in four people now use loans and credit cards to meet the basic costs of living. This situation could mean that you get behind with your regular bills: rent, council tax, phone, electricity or gas.

Money Advice Direct Debt Advice Team is here to take a realistic and practical approach to helping you. Our experienced debt advisors can assist you to improve the quality of your life by developing a realistic and sensible debt repayment programme. They offer a structured approach to managing severe personal debt by maximising income, providing budget advice, preparing a full debt repayment plan and talking to the people you owe money to.

Debt Advice for the entire UK including Birmingham

Thousands of people each year, for whatever reason, get caught up in the spiral of debt. It is important to understand the reasons why people are in debt, but more importantly to understand how to get help and how to work through financial problems.

Money Advice Direct’s experienced debt advisers assist clients in the development of realistic and sensible debt repayment programmes in order to improve the quality of their lives.

The advisers offer a structured approach to managing severe personal debt by maximising income through both in- and out-of-work benefits, providing budget advice, preparing a full debt repayment plan and talking to people to whom money is owed.

Debt Management for the entire UK including Birmingham

A Debt management plan is a scheme in which you can manage your debts without borrowing more money. If you enter into a debt management plan you repay your debts at a rate you can afford and your creditors are dealt with on your behalf. All negotiating to reduce or freeze interest and charges is done for you. The advantage of debt management is that your debts are reduced to a single affordable monthly payment and your debts are cleared without borrowing more. To apply for an Debt Management Plan please click HERE

Please note that for consumers considering a Debt Management Plan (DMP), although the consumer may become debt free at the end of the DMP period, if a default notice has been issued the effect is likely to remain on the consumer's credit profile for a lengthy time.

Please note that for consumers considering a Debt Management Plan (DMP), if interest and charges continue to apply then there will be an increase in the total amount of debt to be repaid and that due to lower monthly payments it is very likely that the debt will have to be repaid over a longer period of time.

IVA for the entire UK including Birmingham

An IVA is a formal and legally binding agreement between you and your creditors. An IVA is really for people that have over £17,000 in personal debts to at least 3 different lenders. Once the IVA is set up the companies you owe money to legally have to stop all further interest and charges on your debts. All letters and phone calls from your creditors in relation to your debts should then cease. An IVA usually last for 5 years. After this period all debts included in the IVA proposal are cleared. To apply for an IVA please click HERE

Please note that for consumers considering an Individual Voluntary Arrangement (IVA), an IVA it needs to be accepted by 75% of the creditors (by value) for the interest and charges to be frozen. Please therefore note that a guaranteed outcome favourable to the consumer in negotiations with creditors is not always possible.

Bankruptcy for the entire UK including Birmingham

If you are in serious debt, bankruptcy should be viewed as your last resort. It’s important to understand that when you are made bankrupt, although all your debts will be cleared, your house and all your assets, such as car, valuable furniture, life insurance plans, and unapproved pension schemes could all be sold off to pay your creditors. You will normally be discharged from being bankrupt after 12 months.

Debt case studies - Birmingham

"I had debts of £30,000 and was paying £600 per month. It was a struggle, considering I was earning £1400 per month. I tried consolidation loans and transferring my credit card balances to lower interest rate cards, but I was still seriously overcommitted financially. Money Advice Direct offered me an IVA. It sounded too good to be true. I an now paying £250 per month for a five year term."
Eva Menedez (26) from Handworth, Birmingham

"I was unemployed and on benefits. I have 3 children and a husband who is on minimum wage. My debts started after my second child was born. I could not afford child care so stayed at home instead. Money Advice Direct advised me to go bankrupt. I was scared at first. They helped me through the whole procedure. I am now debt free and can start afresh in 12 month. I am also looking forward to returning to work as a nurse."
Sally Foldham (41) from Aston, Birmingham

"I owed £31,000 to 6 credit cards. The monthly payments were always been manageable for me, but after I injured my arms in a Skiing accident, which resulted in a two month period off work, I fell behind with  my repayments. Money Advice Direct were able to set up a debt management plan for me. They stopped all the interest and charges and I will now be debt free (subject to terms and conditions) in 7 years as opposed to 12."
Alan Mortimer (53) from Edgbaston, Birmingham

Please note that for consumers considering a Debt Management Plan (DMP), creditors are not obliged to accept the debt repayment plan and unless they do so, interest and other charges will continue to be added.

Money Advice Direct can provide you on effective debt advice service across the entire UK including Birmingham and offer a range of solutions appropriate to your individual circumstances. For debt advice please call 0800 074 6918. If you can't talk right now then fill out our online enquiry form and one of our trained debt advisors will call you back at the time you specify to discuss how we can help you with debt advice across the entire UK including Birmingham.

Please note that the Bankruptcy-Insolvency.co.uk Debt Service is a national organisation covering the entire UK. Please note that the service operates from offices in London and a national telephone advice centre in the north of England. The service does not operate a physical office or a seperate team in each of the city and regions listed on this page.

This is a list of offical cities within the United Kingdom covered by Money Advice Direct.  

• Aberdeen
• Armagh
• Bangor
• Bath
• Belfast
• Birmingham
• Bradford
• Brighton and Hove
• Bristol
• Cambridge
• Canterbury
• Cardiff
• Carlisle
• Chester
• Chichester
• City of London
• Coventry
• Derby
• Dundee
• Durham
• Edinburgh
• Ely
• Exeter
• Glasgow
• Gloucester
• Hereford
• Inverness
• Kingston upon Hull
• Lancaster
• Leeds
• Leicester
• Lichfield
• Lincoln
• Lisburn
• Liverpool
• London
• Londonderry
• Manchester
• Newcastle upon Tyne
• Newport
• Newry
• Norwich
• Nottingham
• Oxford
• Peterborough
• Plymouth
• Portsmouth
• Preston
• Ripon
• Salford
• Salisbury
• Sheffield
• Southampton
• St Albans
• St Davids
• Stirling
• Stoke-on-Trent
• Sunderland
• Swansea
• Truro
• Wakefield
• Wells
• Westminster
• Winchester
• Wolverhampton
• Worcester
• York
  

List of counties covered by Money Advice Direct

• Avon
• Bedfordshire
• Berkshire
• Borders
• Buckinghamshire
• Cambridgeshire
• Central
• Cheshire
• Cleveland
• Clwyd
• Cornwall
• County Antrim
• County Armagh
• County Down
• County Fermangh
• County Londonderry
• County Tyrone
• Cumbria
• Derbyshire
• Devon
• Dorset
• Dumfries and Galloway
• Durham
• Dyfed
• East Sussex
• Essex
• Fife
• Gloucestershire
• Grampian
• Greater Manchester
• Gwent
• Gwynedd County
• Hampshire
• Herefordshire
• Hertfordshire
• Highlands and Islands
• Humberside
• Isle of Wight
• Kent
• Lancashire
• Leicestershire
• Lincolnshire
• Lothian
• Merseyside
• Mid Glamorgan
• Norfolk
• North Yorkshire
• Northamptonshire
• Northumberland
• Nottinghamshire
• Oxfordshire
• Powys
• Rutland
• Shropshire
• Somerset
• South Glamorgan
• South Yorkshire
• Staffordshire
• Strathclyde
• Suffolk
• Surrey
• Tayside
• Tyne and Wear
• Warwickshire
• West Glamorgan
• West Midlands
• West Sussex
• West Yorkshire
• Wiltshire
• Worcestershire