Get debt help advice for the entire UK including Inverness to get debt free (subject to terms and conditions)

Call the debt Helpline on 0800 074 6918

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.

Inverness is a city in northern Scotland. The city is the administrative centre for the Highland council area and it is promoted as the capital of the Highlands of Scotland. Inverness lies at the mouth of the River Ness, and it is from this that the city derives its name.

Money Advice Direct is committed to help those suffering from extreme poverty and personal debt in Inverness. In particular there are many residents living in rural areas that find obtaining debt help quite difficult. Inverness is an area of high deprivation. Government figures reveal a very high number of single parent families, an equally high elderly population and very high unemployment.

Increase in debt causing people in Inverness to take bankruptcy advice

According to the debt advice team covering the entire UK including Inverness, personal debt levels are rising. According to the debt helpline’s statistics the team covering Inverness has dealt with over £10,000,000 of total debt in the last year last year. This amount was made up of credit card debt, store card debt, council tax debt and unsecured personal loan debt of up to £50,000 on each case.

Around 2500 people are advised by staff at Money Advice Direct every month. n a daily basis, Money Advice Direct trained staff deal with a multitude of problems from people across the age, class and nationality spectrum in the Inverness region. There are many diverse components to Inverness – a lot of English people, a lot of East Europeans, and many people from the former colonies. Inverness is quite a cosmopolitan area.

Popular debt options in Inverness

Protected Trust Deeds - Government Insolvency legislation can clear personal debt over £10,000 for £100 per month. The Trust Deed procedure is a legally deal, available only in Scotland, which means that bankruptcy can be avoided for residents of Scotland. The trust deed is set up so that monthly repayment schedule based on what the debtor can afford to pay. The Trust Deed will last for 3 years. After this period all remaining debts are written off. The Protected Trust Deed has the advantage of preventing creditors from taking legal action against and also means that interest will frozen on the debts. If you would to see whether you qualify for a Protected Trust Deed then please, complete the online Trust Deed Enquiry Form.

Debt Management – This debt solution can help you get a fresh start! Clear your debts without any loans by taking out a debt management plan.

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.

FREEPHONE debt advice service 0800 074 6918

Areas of Inverness covered

The Aird · Ballifeary · Balloch · Balnafettack · Beechwood · Bught · Carse · Castle Heather · Clachnaharry · Cradlehall · Crown · Croy · Culcabock · Culduthel · Culloden · Dalneigh · Drakies · Drummond · Haugh · Hilton · Holm · Inshes · Kinmylies · Leachkin · Lochardil · Longman · Merkinch · Millburn · Milton · Milton of Leys · Muirtown · Ness Castle · Ness-Side · Raigmore · Scorguie · Seafield · Slackbuie · Smithton · South Kessock · Torvean · Westhill.

Debt Tips for residents of Inverness

• Don't panic if Bailiffs or debt collectors come to your property… don't let them in!!! They have no special powers to access your property and are only coming to try and squeeze more repayments from you.
• Look into government schemes that write off most of the debt such as a Protected Trust Deed.
• Draw up an income and expenditure sheet which can be sent to your creditors.
• Get in touch with your creditors and explain your difficulties.
• Tackle priority debts first, ie those which could mean losing your home.
• Your house is only at risk with unsecured debt if a creditor gets an order for sale. These are rare. You must agree a repayment plan with your creditors that could include a Debt Management Plan if you can afford over £100 a month.
• Bankruptcy could help. However, this will bar you from certain jobs in the financial sector, the army, the police, the law and accountancy. It could also mean losing any valuable assets.
• Council tax is a priority debt and should never be ignored. The Council can recover the arrears directly from your earnings or by using bailiffs to seize goods.
• Seek free independent advice - it is often not too late to avoid repossession. I owe so much that I don't know where to start.
• You must prioritise. The most important debts are your mortgage, council tax, and gas and electricity bills.

Case Study of debt in Inverness

Robert Elmtree was born into poverty in Inverness in 1974. He lived with her mother in Elgin until he was sent to an orphanage at Croy, Invernss. Robert explained to our advisor that he was struggling with his credit cards and personal loans that he has acquired setting up his brick laying business. The personal loan and credit cards enabled Robert to start a new life for himself and mean that his family would have a better start than he did in life. The Scottish debt support team suggested that the best option would be a Protected Trust Deed. It meant that he would reduce his payments from £450 per month to £150 per month. The benefit of a trust deed was that his debts were reduced from £30,000 to £5,400.

 

Please note that for consumers considering any debt repayment solution all procedures are not a simple low-risk processes and also that there is never a guaranteed outcome favourable to the consumer in negotiations with creditors. This particularly applies to a Debt Management Plan and also a Individual Voluntary Arrangement (IVA) or Protected Trust Deed (PTD) until the procedure has been approved at the creditors meetings.

Please note that for consumers considering an Individual Voluntary Arrangement (IVA) or Protected Trust Deed (PTD); do not be misled into thinking there are no risks involved with an IVA/PTD, because if it fails there is a risk of bankruptcy and if the debtor is a homeowner, the supervisor may require the consumer / debtor to revalue their home and realise the equity to pay off some or all of the debt.

Where to go for debt help in Inverness?

Don't bury your head in the sand instead contact Money Advice Direct on 0800 074 6918 to get access to 24 hour debt advice to help you get debt free (subject to terms and conditions).

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