Peterborough is an area covered by Money Advice Direct Debt Advice Service

Freephone personal debt advice covering Cambridgeshire 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.

Peterborough is a cathedral city in the East of England. For ceremonial purposes it is in the county of Cambridgeshire. Peterborough is approximately 75 miles north of London. Peterborough city is situated on the River Nene, which flows into the North Sea.

It is imperative that when people are struggling with debt in Peterborough, they seek assistance as soon as possible. There is a wide range of debt advice available from Money Advice Direct, who provide expert advice and can really make a difference when it comes to resolving debt problems..

The national debt advice team covers the whole UK including Oxford. The service has reported that over the past twelve months the demand for debt related advice in Peterborough has risen by over 50%. Much of this increase is due to the credit crunch closely followed by the huge number of advice centres and banks referring customers with debt problems to the freephone 24 hour debt helpline on 0800 074 6918.

Peterborough is made up of the following areas:

Bretton - Dogsthorpe - Eastfield - Eastgate - Fengate - Fletton - Gunthorpe - The Hamptons - Longthorpe - Millfield - Netherton - Newark - New England - The Ortons - Parnwell - Paston - Ravensthorpe - Stanground - Walton - Werrington - West Town - Westwood – Woodston -Ailsworth - Bainton - Barnack - Borough Fen - Castor - Deeping Gate - Etton - Eye - Eye Green - Glinton - Helpston - Marholm - Maxey - Newborough - Northborough - Peakirk - Southorpe - St. Martin's Without - Sutton - Thorney - Thornhaugh - Ufford - Upton - Wansford - Wittering Wothorpe.

National Personal Debt Advice Helpline covering the entire UK including Peterborough

There had been a 30 percent rise in the number of people in Peterborough contacting Money Advice Direct because they were in arrears with their mortgage or their secured loan. It is thought that the figures could keep rising as job losses and the recession continue to take their toll and wreak havoc in households all across the UK.

In the past, if a person with a personal loan or other form of credit agreement fell into arrears with their monthly repayments, their bank of building society who provided the loan in the first place would probably offer them very little help and sympathy with their problem, choosing instead to demand that the customer got their repayments back up to date, threatening them with legal action and County Court Judgements (CCJ’s), or worse, if they failed to get their loan account back on track.

According to Money Advice Direct however, banks and building societies are now more likely to help borrowers who may be struggling with keeping their personal loan repayments up to date. This is due to an increasing number of borrowers opting to take out an Individual Voluntary Arrangement (IVA) to cover their personal loans and other debts, leading to lenders not getting the full amount of what they are owed by customers and therefore have been forced to adopt a more sympathetic approach towards borrowers in arrears, becoming more amenable in talking to borrowers with regard to rescheduling their loans, or reducing the repayments for a period, to help them to get back on track.

Lenders are starting to realise that it is better to work with their customers and managing to get some amount of money in, rather than allowing them to take out an IVA, where the lender could end up losing out altogether.

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

IVA case study from a recent client from Peterborough
Mrs Merkin (37) from Bretton, Peterborough was in debt to the tune of £35,000. She looked at all the possible debt solutions, such as Bankruptcy, and decided on an IVA. The IVA solution offered her a debt reduction of 60%, cutting the bill to £10,500 and reducing her monthly payments from £1,000 to £175 over five years. The IVA took about a month to negotiate and set up.

Money Advice Direct can be contacted on 0800 074 6918, 24 hours a day all year round. Money Advice Direct is a helpline which was set up in 1986. It is charged with providing confidential advice to consumers struggling to pay back loans and other unsecured debts..

The UK Insolvency fields over 300,000 phone calls a year, helps people over the internet, and offers advice. Detailed debt advice is given to around 175,000 a year. Money Advice Direct also arranges informal repayment plans between borrowers and their various lenders, in an attempt to prevent them from defaulting or getting into more debt. A typical client owes £30,000 in 10 different loans or credit card arrangements.

Money Advice Direct is a completely confidential service and acts primarily in the interests of consumers, not the banks. Money Advice Direct is an established debt management organisation in the UK.

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