National Debt Advice Helpline Covering The Whole UK Including Bristol - Debt Advice Service

IVA bankruptcy debt advice Bristol

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.

Bristol (pronunciation is a city, unitary authority and ceremonial county in South West England, 105 miles (169 km) west of London. Bristol is England's sixth, and the United Kingdom's ninth most populous city, one of England's core cities and the most populous city in South West England. Bristol borders the counties of Somerset and Gloucestershire, lying between the cities of Bath, Gloucester and Newport, and has a short coastline on the estuary of the River Severn, which flows into the Bristol Channel.

Debt Advice in Bristol

Every year more and more people in Bristol find themselves trapped in the 'spiral of debt'. Being in debt can be very stressful and many people feel helpless. You may find yourself under pressure from people you owe money to, all of whom seem to be asking for more than you can afford - AND wanting payment now.

There are no instant answers to debt but, with advice and support from the trained advisors at Money Advice Direct, you can get help you regain control of your finances and begin to see a real difference in your situation.

People in debt usually think they will be able to control the monthly payments, but things can change. That’s when you need debt advice on which debt solution would be right for you. You may also want to know what’s involved in an IVA (Individual Voluntary Arrangement), Debt Consolidation, Debt Management, Bankruptcy or other financial advice. Please call 0800 074 6918 to get advice on your debts

Problem of personal debt in Bristol

Money Advice Direct is seeing an increase of personal debt related issues within the city of Bristol. The problem of personal indebtedness is "spiralling out of control" after monthly survey figures showed record callers to the helpline have come from those with unsecured credit card and loan debts. It appears from this research that many people in Bristol are losing the battle to keep up their payments on loans, overdrafts and credit cards. The rise in debt related calls is coming as consumers face higher energy bills and rising interest rates.

IVA advice to those living in Bristol – The Individual Voluntary Arrangement (IVA) is a legally binding contract which writes off the debt that the person cannot afford to pay. It is not the right solution for all and the application criteria are very strict. But it can mean stability is introduced into the debtor's life and the creditor will receive (in many cases) more than they will do in bankruptcy. There is still a stigma attached to bankruptcy and many people do not want to choose that route. The number of people in Bristol taking out IVAs is up 45% followed a general rise borrowing in the last five years. People in the 30 to 40 age group took out the most IVAs while the number was growing fastest among 20 to 30-year-olds. The majority of young people entering IVAs were manual and unskilled workers with a worryingly increasing amount being from middle class backgrounds.

Debt Management Advice for those living in Bristol - A Debt Management Plan is an informal process of negotiating with your creditors for the freezing or reduction of interest. The extension of repayment terms or the writing off of part of your debt. The growth in debt management plans for residents of Bristol has been fuelled by excessive consumer spending from people who have ignored rising interest rates.

Bankruptcy help for those in Bristol – Bankruptcy is the final debt relief option and will result in personal assets being seized. It can restrict future employability and should only be considered as a last resort The advice team in Bristol predict a record number of personal bankruptcy cases this year meaning people living in Bristol are entering formal bankruptcy proceedings at a rate of several a day.

Other advice services in Bristol

• CAAAD - 188 Lawrence Hill, Bristol BS5 0DR, - CAAAD is a locally based project working in conjunction with the Barton Hill Settlement to do something about alcohol and drug abuse
• Single Parent Action Network  - Millpond, Baptist Street, Bristol BS5 0YW
• SPAN - Single Parent Action Network is a part-campaign, part educational resource just off Junction 3 of the M32
• Bristol Debt Advice Centre - 48-54 West Street, St. Philips, Bristol BS2 0BL
• Citizens' Advice Bureau in Bristol - 12-14 Broad Street, Bristol BS1 2H
• Citizens Advice Bureau in Bristol - Kennedy Way, Yate, Bristol BS37 4DQ
• Citizens' Advice Bureau in Bristol - 4 Colston Avenue, Bristol BS1 4ST

In Bristol the number of people seeking help for debt problems is increasing. Whatever solution we recommend, honest, confidential and non-judgemental advice is at the heart of our service. If you are in debt please call us without obligation today on 0800 074 6918 to find out more.

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