Debt advice in Londonderry

Derry Debt Helpline

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.

Derry or Londonderry is a city in Northern Ireland. Derry or Londonderry has the fourth largest population in Northern Ireland. The name "Derry" is preferred by nationalists and it is broadly used throughout Northern Ireland's Catholic community, as well as those of the Republic of Ireland, whereas many unionists prefer "Londonderry"; however in everyday conversation Derry is also used frequently by Protestants.

Apart from this local government decision, official use within the UK the city is usually known as Londonderry. BT48 is the postcode for Londonderry / Derry and the main distrcts are; Cityside, Ballynagard, Coshquin, Rosemount, The Collon and Culmore.

Debt, Poverty and homelessness are a major problem in the Cityside of Derry/Londonderry, with families waiting increasing periods of time to be re-housed.

Despite the availability of accommodation in the Waterside, the number of applicants remains high and applicant soften rely on store cards, doorstep lenders and cheap loans.

The advice teams at Money Advice Direct feel that the current financial climate is making day to day living much more difficult for many Derry / Londonderry residents than it has been in recent years.

Debt advice service in Derry / Londonderry

Money Advice Direct is a freephone, confidential and non-judgemental debt advice service providing efficient, caring and quality debt advice and support to residents of Derry / Londonderry and the whole of Northern Ireland.

IVA – An Individual Voluntary Arrangement more commonly known as an IVA is a legally binding agreement for the satisfaction of debts usually lasting five years. To enter into an IVA, you would usually have to have at least £15,000 of unsecured debt. It is a genuine method of avoiding bankruptcy while still being subject to a formal insolvency procedure. Read more about the IVA here.

Debt Management - If you are genuinely struggling to meet your current monthly commitments, a debt management plan can be set up to negotiate reductions in your repayments to your creditors. Under an Debt Management Plan people in debt will make one affordable payment each month to us, which will be distributed to the creditors on your behalf. A successful debt management plan will try to reduce or freeze any interest or other charges the outstanding debts. To apply for a Debt Management Plan click here.

Bankruptcy – Bankruptcies in Londonderry have increased year on year. Bankruptcy is a court order that you can apply for if you're in debt. It may be the best way for you to free yourself from excessive debts that you simply cannot pay by sharing out any assets you have among your creditors. Read more about Bankruptcy.

Debt Consolidation - Debt consolidation simplifies your finances. If you have debts and owe money to a range of creditors, debt consolidation works by gathering all those debts together, so you pay just one monthly repayment. As such, debt consolidation makes your debts more affordable.

Anyone in debt living in Derry / Londonderry is entitled to a service that:-

• Offers debt advice to get debt free (subject to terms and conditions);
• Listens to all debt problems via dedicated debt advisers;
• Treats indebted callers politely, fairly and with respect;
• Gives clear debt advice and debt support without undue delay;
• Offers pre-booked appointments for discussing personal debts problems ;
• Is available all over Derry / Londonderry and the whole of Northern Ireland.
• Offer solutions to clear personal debt such as an IVA, Debt Management Plan or Bankruptcy.

New figures show a growing number of Derry / Londonderry families have debts of more than £45,000 and it emerged that many households are being forced to work up to three jobs after borrowing cash from credit card companies.

Rise in unemployment in Derry / Londonderry

Redundancies, coupled with stricter criteria for accessing financial support, has left some residents in Derry / Londonderry unable to pay back what they already owe and seen them borrowing from other credit sources - often at much higher interest rates.

About 20% of all people now seeking guidance in Derry / Londonderry are more than £50,000 in debt, with 17pc of all people making contact more than £70,000 in debt.

• Concerns and problems arising from the recession and high levels of consumer debt are prompting many more people living in Derry / Londonderry than usual to seek advice from Money Advice Direct debt support team.
• It is important for people to take stock when faced with unmanageable debt, to prepare a household budget they can keep to, and to decide on a way forward - where necessary consider an IVA to clear personal debt.

Money Advice Direct is a freephone and online, confidential and non-judgemental debt advice service. All staff are highly trained with expertise in money management and debt solutions. To get advice please call 0800 074 6918 or apply online to 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