Oxford debt help and advice

Freephone national personal debt helpline covering the entire UK including Oxfordshire area 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.

Residents of Oxford are getting into debt problems because credit was becoming much more readily obtainable. Oxford is a city, and the county town of Oxfordshire, in South East England. It has a population of 151,000. The rivers Cherwell and Thames run through Oxford and meet south of the city centre.

Oxford is home to the University of Oxford, the oldest university in the English-speaking world. A strong and healthy Oxford, free of debt-traps, poverty and disadvantage is an aspiration that Money Advice Direct has.

The number of people contacting Money Advice Direct for debt advice on money, benefits, bankruptcy or IVA advice has more than doubled - from 12,500 to 27,000 in the past 18 months. The number of Oxford residents seeking debt help because they feel overburdened by unsecured personal debts is expected to increase further as the recession begins.

Money Advice Direct has dealt with almost 40,000 debt cases that have resulted in either Bankruptcy or the client taking out an IVA – Individual Voluntary Arrangement. Debt problems generally arise due to a change in personal circumstances, but it seems that residents of Oxford are over-extending themselves buying what they cannot afford and interest rate increases also play their part in debt creation. The consequences of debt can be huge. It can lead to repossession of the home, bailiff action, court action and demand letters. This can be very stressful and upsetting, and lead to a downward spiral of increasing debt that causes unemployment, family breakdowns, divorce and gambling.

Common debt solutions in Oxford

IVA to Deal with serious debt problems in Oxford
An IVA or Individual Voluntary Arrangement is a popular way to deal with serious debt problems. The IVA is an alternative to bankruptcy. To qualify for an IVA you must first owe over £17,000 to at least 3 different lenders. The debt are reduced by up to 60% and the amount of debt is divided into monthly payments for 5 years. Generally the monthly payments start from £200. But it can go up if the amount of total debts is high. There is no upper limit of the monthly payment as amount of debts can be very high. Through their specialist training, Money Advice Direct can deliver their expertise on the IVA procedure to help those struggling with serious debts over £17,000. To apply for an IVA please click HERE

Debt Management to Clear Personal Debts in Oxford
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

Bankruptcy to Clear Debt in Oxford
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. Someone you owe money to could also make you bankrupt, even if you don't apply for it through your own choice. Read more about Bankruptcy

Districts of Oxford covered under the debt advice initiative

• Barton, Oxfordshire
• Binsey, Oxfordshire
• Blackbird Leys
• Boars Hill
• Botley, Oxfordshire
• Cowley, Oxfordshire
• Cumnor Hill
• Cutteslowe
• Donnington, Oxfordshire
• Godstow
• Grandpont
• Harcourt Hill
• Headington
• Headington Hill
• Hinksey
• Iffley
• Jericho, Oxford
• Littlemore
• Marston, Oxford
• New Headington
• New Hinksey
• New Marston
• Norham Manor
• North Hinksey
• North Oxford
• Old Headington
• Old Marston
• Osney
• Oxford East
• Oxford West and Abingdon
• Oxpens
• Park Town, Oxford
• Port Meadow, Oxford
• Risinghurst
• Rose Hill, Oxfordshire
• Science Area, Oxford
• St. Ebbes
• Summertown, Oxford
• Sunnymead
• Walton Manor
• Wolvercote

Address of Oxford County Court for Bankruptcy Matters

St Aldates
Oxford
Oxfordshire
OX1 1TL
England

E-Mail: enquiries@oxford.countycourt.gsi.gov.uk
Tel: 01865 264200
Fax: 01865 790773

Dealing with Debt Problems in Oxford

Helping people to make better use of their money is a key issue for the regional debt advice team in Oxford. Serious debt problems have far-reaching consequences, which include stress, ill-health, family breakdown and even suicide. Improving financial literacy and empowering people who are dealing with debt is therefore vitally important.

Money Advice Direct does just this by giving people the skills and confidence to take control of their money.

Being able to make ends meet is something residents of Oxford all worry about at some point. The arrival of a fuel bill or an unexpected expense can cause real difficulties to those who are on fixed incomes, on benefits, or are low paid.

Case Study of recent client from Oxford

Iva and Chris Forward, of Oxford said "Over the last year I have been in a debt management plan and will be debt free (subject to terms and conditions) in 7 months. I can now get on with my life."

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.

By calling Money Advice Direct Debt Advice Centre on freephone 0800 074 6918 you can access confidential and non-judgemental help on money and debt problems. If you have difficulty in budgeting, making ends meet, with your outgoings more than your income - we can help.

If you live in Oxford or anywhere else in the UK and are looking for information, advice or support regarding debt matters you can contact Money Advice Direct on 0800 074 6918 or apply 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.  

• 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