Money Advice Direct
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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.
Kingston upon Hull almost always is referred to as Hull, is a city and unitary authority area in the East Riding of Yorkshire in England. Kingston upon Hull is located 25 miles from the North Sea on the River Hull at its junction with the Humber estuary. Kingston upon Hull, is a busy port at the confluence of the River Hull and the Humber Estuary has acted as the gateway to the heart of England since Roman times.
Residents of Kingtson Upon Hull have been ranked as the most indebted people in the UK, according to the debt advice team at Money Advice Direct. To this end, record numbers of people in Kingston Upon Hull are seeking debt advice from via the 24 hour debt helpline.
Money Advice Direct debt advice team debt experts have blamed greater personal debt levels in Kingston Upon Hull on the rise in company insolvency and rise in unemployment in the region.
More people are entering individual voluntary arrangements (IVAs) to escape some of the effects of crippling debt. IVAs are an alternative to bankruptcy that allows debtors to come to an agreement with their creditors.
There were several possible reasons why IVAs levels have increased. IVA’s are popular with a wide range of individuals including; civil servants, farmers, taxi drivers, engineers, road hauliers and retailer workers. Read more about the IVA procedure here
Years ago bankruptcy carried a stigma but in today's society this negativity has diminished somewhat. However, bankruptcy is not something to be entered into lightly and people must seek advice first from Money Advice Direct.
Bankruptcy is a legal procedure that could lead to an individual losing their home. The advice team at Money Advice Direct have suggested that going bankrupt is an easier option because of a change in the law in 2004 making it a one year sentence.Consider bankruptcy to clear personal debts. To qualify you must owe at least £750.
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.
The bleak financial outlook follows reports that the people in the following areas of Kingston Upon Hull will suffer a higher net percentage of job losses in the recession than the rest of England.
The debt advice team at Money Advice Direct understand that it is difficult to ask for help when you have got into difficulty with debt, but by contacting us you be will take the first step to regain control on your financial circumstances. There are a number of solutions to debt problems; the best solution for you will depend upon your circumstances. We have helped thousands of people resolve their debt problems, regardless of whether they are homeowners, tenants, employed or self-employed.
Contact Money Advice Direct by calling 0800 074 6918 or apply for debt advice online
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.
List of counties covered by Money Advice Direct