Coventry - Debt Advice Service

IVA / bankruptcy debt advice Coventry

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.

Coventry is a city and metropolitan borough in the county of West Midlands in England. Coventry is situated 95 miles northwest of London and 19 miles east of Birmingham. Coventry is also the second largest city after Birmingham in the English Midlands by population, although both Nottingham and Leicester have larger urban areas. Money Advice Direct provides accessible debt advice services for the people in Coventry

At some time most of us will have difficulties that involve the need for debt advice. No-one teaches us how to deal with debt problems and circumstances will vary so it is important to get professional debt advice from a trusted source.

In this section of the site residents of Coventry can find out about how to access debt advice information. It will allow you to choose how, where, when and in what format you want to get advice.

Debt Advice Demand in Coventry

The advice carries out ongoing research on regional debt problems in the UK and has seen a 'shocking' rise in the number of debt-ridden Coventry residents seeking advice this year.

A regional debt study in the Coventry area is showing that people are struggling to pay their loans, credit cards, store cards and mortgages. The rise in debt related enquiries is evidence of the worst crisis since the recession of the early 90s.

Money Advice Direct has seen a steady increase in people living in Coventry seeking advice about debt over the last three to four years but it's really increased recently. The money advice team are dealing with almost nothing other than mortgage and credit card problems and the demand has been larger than expected.

Common debt solutions

Money Advice Direct offers a full range of debt products and services including consultancy, advice and practical help whatever your situation. The service is available on freephone 0800 074 6918 and prides itself on always providing best advice for clients seeking debt advice.

• IVA – An IVA is an alternative to bankruptcy is a government scheme introduced  in 1986. An IVA enables an individual is a proposal to the people owed money to to reach a settlement. Once accepted the IVA is binding all parties and prevents any further action such as bankruptcy. An IVA will be based on what the debtor can realistically afford to pay over a five year period. In most cases an IVA will will last for 5 years. BEWARE - not all IVA companies are reliable or even effective. Many mis-sell IVAs to people for whom they are simply not appropriate which only worsens their money problems whilst others do not have the experience of working with creditors needed to ensure that proposals are accepted

To apply for an IVA please click HERE

• Debt Management – A good Debt Management Plan allows people in debt to bring their expenditure and income back into line without taking on more debt. Borrowing.  If your debt problem is temporary and your situation is likely to improve then a debt management plan could be the best solution. Long tern the level of debt may increase.

To apply for a Debt Management Plan please click HERE

• Bankruptcy - Bankruptcy is an option for any individual who cannot pay their debts “as and when they fall due”. The Bankruptcy proceeding has two aims; To free the individual from the pressures of creditors (people they owe money to) to enable him or her to make a fresh start. To ensure that all assets (such as property and investments) are distributed fairly among the creditors. Bankruptcy proceedings will free you from the burden of overwhelming debt. The decision to apply for bankruptcy is a serious decision to make, and our expert advisors will give you confidential and non-judgemental advice to guide you to make the right choice.

• Administration Orders - An Administration Order is a single county court order that covers credit debts and certain other debts which are all treated together. It allows you to make a single payment every month into the court. The court staff will then divide the money amongst your creditors on a pro-rata basis. An Administration Order stops creditors from taking further action against you.

Advice to people struggling with debt in Coventry

• Pay off 'priority debts' like mortgage repayments and council tax bills before things like credit cards.
• Make a list of what you owe
• Get regular copies of your credit file.
• Make a spending plan.
• Talk to your lender
• Plan ahead if you're coming to the end of a fixed-term mortgage
• Open all your post and attend court hearings.
• Use self discipline

Advice Bureau in Coventry

Due to the lack of funds most Advice Centres no longer deal with debt related problems or if they do it is only by appointment. Legal Aid is not available for debt and bankruptcy advice. Money Advice Centres are hard to find and to get the kind of help you need is often difficult, due to the number of people seeking debt help.

CAB Address - Coventry Citizens Advice Bureau, Advice Centre, Coventry Point, Market Way, Coventry, CV1

Suburbs of Coventry Covered

• Allesley Green Debt Advice
• Allesley Park Debt Advice
• Ash Green Debt Advice
• Ball Hill Debt Advice
• Bannerbrook Park Debt Advice
• Bell Green Debt Advice
• Binley Debt Advice
• Bishopsgate Green Debt Advice
• Brownshill Green Debt Advice
• Canley Debt Advice
• Cannon Park Debt Advice
• Chapelfields Debt Advice
• Cheylesmore Debt Advice
• Clifford Park Debt Advice
• Copsewood Debt Advice
• Coundon Debt Advice
• Courthouse Green Debt Advice
• Daimler Green Debt Advice
• Earlsdon Debt Advice
• Eastern Green Debt Advice
• Edgwick Debt Advice
• Ernsford Grange Debt Advice
• Finham Debt Advice
• Fenside Debt Advice
• Foleshill Debt Advice
• Green Lane Debt Advice
• Gibbet Hill Debt Advice
• Gosford Green Debt Advice
• Hearsall Common Debt Advice
• Henley Green Debt Advice
• Hillfields Debt Advice
• Holbrooks Debt Advice
• Keresley Debt Advice
• Little Heath Debt Advice
• Longford Debt Advice
• Mount Nod Debt Advice
• Pinley Debt Advice
• Potters Green Debt Advice
• Radford Debt Advice
• Spon End Debt Advice
• Stoke Debt Advice
• Stoke Heath Debt Advice
• Stoke Aldermoor Debt Advice
• Stivichall/Styvechale Debt Advice
• Tanyard Farm Debt Advice
• Tile Hill Debt Advice
• Toll Bar End Debt Advice
• Victoria Farm Debt Advice
• Walsgrave-On-Sowe Debt Advice
• Westwood Heath Debt Advice
• Whitley Debt Advice Debt Advice
• Whitmore Park Debt Advice
• Whoberley Debt Advice
• Willenhall Debt Advice
• Wood End Debt Advice
• Woodway Park Debt Advice
• Wyken Debt Advice

Freephone best advice based on your situation

Contact The UK Insolvency Helpline today for confidential debt advice that will consider all debt solutions based on your own circumstances. Phone lines are 24 hours a day 365 days a week including bank holidays.

You can call free for an initial talk about your own debt situation, or you can email us and we will call you back at a time that suits you. To contact an advisor call 0800 074 6918. Alternatively complete an online enquiry form and an advisor will call you back at the time that you specify.

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