Nottingham debt help and advice for residents of any location in the UK

Freephone personal debt advice across the entire UK including Nottingham 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.

Nottingham is one of the 3 major cities in the East Midlands and is in the ceremonial county of Nottinghamshire, England. The average amount of any individual in Nottingham in debt is £21,000.

The advice team at Money Advice Direct suggests residents of Nottingham are drowning in debt with over a million people, 25 per cent of Nottingham’s population saying are under pressure financially with many young families admitting their finances are entirely unmanageable. Money Advice Direct has helped people in Nottingham struggling to pay bills who have a combined debt of more than £8 million, according to recent statistics. The regional debt advice team covering Nottingham has calculated that this figure will rise to £12 million in the next survey.

By calling 0800 074 69818 Money Advice Direct can offer you freephone debt advice about a range of debt solutions. We only offer ethical debt advice, and our products include Debt Management Plans, IVAs and Budgeting advice. The advice team at Money Advice Direct feels that the credit crunch in the UK has resulted in more people seeking help with problems relating to unemployment and redundancies. The same people then face problems with mortgage and rent arrears and paying bills after losing their income.

Surge in debt problems in Nottingham

A large percentage of households in Nottingham have been threatened with a bailiff or eviction and personal county court judgements (CCJs) have increased to their highest level since records began. Bankruptcies have increase by 12 per cent in Nottingham and personal individual voluntary arrangements (IVAs) are too up 3 per cent from the three months previous.

Nottingham based borrowers drowning in debt not wishing to go bankrupt really should consider both the individual voluntary arrangement or a more informal debt management program to help get your debt problems under control.

The IVA procedure for dealing with debt in Nottingham

The IVA or Individual Voluntary Arrangement is government legislation that can help those who are struggling with UK personal debt problems. Those who are struggling with debts over £15,000 may find that an IVA can help them to deal with their debts, without having to face the prospect of bankruptcy.An IVA is the only debt solution, besides bankruptcy, which allows a certain amount of debt write-off. It means that you can avoid long term implications which are usually associated with bankruptcy. This includes the hindering of future career prospects and the loss of high-value assets, such as your home or your vehicle. If you are accepted for an IVA, then you will find additional benefits. You only make payments to your creditors for an average period of 60 months. These payments will be based on what you can afford to pay. To apply for an IVA please click HERE.

The Debt Management procedure for dealing with debt in Nottingham

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. BEWARE - You may have seen companies offering debt Management plans that advertise in the national newspapers and even on the television, this type of advertising is very expensive, so you can tell how much money they make from people in debt. They will tell you that they can reduce your debt payments and they will deal with your creditors for you. Most debt management companies will charge you anything from 15% to 20% of the amount you pay to your creditors as a fee. To apply for a Debt Management Plan please click HERE

For more information about Money Advice Direct call 0800 074 6918.

Areas of Nottingham covered:

• Alexandra Park
• Aspley
• Bakersfield
• Basford
• Beechdale
• Bestwood Park
• Bilborough
• Bulwell
• Carrington
• Cinderhill
• Clifton
• Colwick
• Dunkirk
• Forest Fields
• Hockley
• Hyson Green
• Lace Market
• Lenton
• Lenton Abbey
• Mapperley
• Mapperley Park
• Nottingham City Centre
• Radford
• Sherwood
• Sneinton
• St Anns
• Strelley
• The Arboretum
• The Meadows
• The Park
• Thorneywood
• Top Valley
• Whitemoor
• Wilford
• Wollaton

Money Advice Direct debt advice service aims to assess any client who phones with a problem within eight minutes before deciding whether the issue can be sorted out over the phone or will need further help and advice by way of Bankruptcy, IVA or Debt Management. Please call 0800 074 6918 or apply online for debt advice.

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