Durham Debt Advice
Debt help and advice for Dundee residents
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.
Money Advice Direct’s regional debt advice team in Durham believes that everyone has the right to a get freephone debt advice on 0800 074 6918. Through our services we provide freephone debt advice and assistance to anyone threatened with credit card debts, loans debts and other mortgage debt problems.
At Money Advice Direct we provide freephone debt advice on 0800 074 6918 and money management and support to people who need skills to maintain a home and a budget, providing assistance and education until our client is able to manage their own finances.
Durham is a small city and main settlement of the City of Durham district of County Durham, England. Durham is well-known for its Norman Cathedral and Castle, and is home to Durham University. HM Prison Durham is also located close to the city centre.
Debt Advice for Durham residents
The number of people in debt in Durham is continuing to rise across the region. Figures from Money Advice Direct regional debt advice team show a rise of 19 per cent, in both the Durham and Chester Le Street.
The average debtor proposing contacting the service owes an average of £26,000 and debt levels as high as this, five increases in interest rates in the last year, and a further rise on the cards, the pressure on the over indebted continues to increase.
Debt Help in Durham
There are many people who face debt problems in Durham every day. Credit cards build up, interest rates and costs go up, but income is not getting any higher. The following is a guide to the best debt solutions available:-
- IVA - If you have few disposable assets but sufficient income, then an IVA may be the best choice. An Individual Voluntary Arrangement (IVA) is an agreement with creditors to pay them back a percentage of what is owed, over a period of time. An insolvency practitioner is appointed to supervise the receipt and distribution of the money. It is usual to make contributions from your income over a period of about five years. An IVA needs the approval of at least 75 per cent (in value) of the creditors. The advantage of an IVA is that you can hold on to assets such as a car and house, which may be lost in a bankruptcy, but there will need to be a regular income and/or an injection of cash from somewhere. Read more in IVA here
- Bankruptcy - If you have no or little income, a bankruptcy order is probably the best choice. If you owe more than £750 and have the fee of about £500, then you can make yourself bankrupt. This immediately wipes out your debts, frees you from responsibility once the bankruptcy is finalised and you will normally get an automatic discharge from bankruptcy after only a year. However, all your assets vest in your trustee in bankruptcy and the trustee can sell them to raise funds to pay your creditors. The details of your IVA or bankruptcy order are put on to the Individual Insolvency Register of the Government Insolvency Services in the same way. Consider bankruptcy to clear personal debts. To qualify you must owe at least £750.
- Debt Management - A Debt Management Plan can be used long term or short term depending on your circumstances and other possible future options. If successful this would probably result in lower or token payments which in turn would mean you taking longer to pay off your debts. Read more about Debt Management Plans here
Debt advice for local villages and towns in Durham
- Arkley Heads, Durham
- Bear Park, Durham
- Belmont, Durham
- Bowburn, Durham
- Brardon, Durham
- Carrville, Durham
- Crossgate Moor, Durham
- Croxdale, Durham
- Framwellgate Moor, Durham
- Gilesgate, Durham
- Gilesgate Moor, Durham
- Hallgarth , Durham
- Hett, Durham
- High Ingleby, Durham
- High Shincliffe, Durham
- Houghall, Durham
- Kimblesworth, Durham
- Langley Moor, Durham
- Leamside, Durham
- Meadowfield, Durham
- Nettlesworth, Durham
- Nevilles Cross, Durham
- New Brancepeth, Durham
- Pittington, Durham
- Pity Me, Durham
- Plawsworth, Durham
- Running Waters, Durham
- Sacriston, Durham
- Sherburn, Durham
- Sherburn House, Durham
- Sunderland Bridge, Durham
- Ushaw Moor, Durham
- Witton Gilbert, Durham
Facing Insolvency in Durham? Call us Today on 0800 074 6918
Money Advice Direct is a registered helpline offering freephone, confidential advice and support to anyone who is worried about debt. Our freephone advice and debt advice service can help you get back in control of your money and on with your life.
For online debt advice which is tailored to your individual circumstances please complete the online form. Alternatively you can call our freephone helpline 0800 074 6918 to speak to a Debt adviser.
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
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...]