IVA & Debt Advice covering the whole UK including Stoke-on-Trent

Freephone IVA & debt service across the UK including the Staffordshire area on 0800 074 6918

Stoke-on-Trent often abbreviated to 'Stoke' is a city in Staffordshire, England. The regional debt advice team in Stoke on Trent has reported an increase in the calls to their freephone 24 hour debt helpline from people in Stoke in Trent who do not know what to do about their personal debt situations.

The statistics are grim: demand for debt advice from the Stoke-on-Trent has soared by 80% in the last twelve. Soaring demand for debt advice has led Money Advice Direct to extend its opening hours to provide debt advising throughout the night for emergency cases. As people struggle to cope, the debt helpline has seen a huge increase in people seeking help.

Increase in Debt Advice in Stoke on Trent

People are seeking help with credit cards, loans to clear debt, bankruptcy and IVAs. As people in Stoke on Trent on low and moderate incomes are struggling to make ends meet at a time of increasing uncertainty about the security of their jobs and incomes, access to reliable, high quality, non-judgemental and confidential advice has never been more vital. Money Advice Direct is perfectly positioned to advise up to 500,000 clients a year across the organisation working to advise members of the public who are often in a desperate situation, lost their jobs and can't pay their bills.

Money Advice Direct will show you how to:

• Deal with your priority creditors (people to pay first)
• Contact your other creditors
• Work out a financial statement (how much you have coming in and going out of the household)
• Make offers of payment to creditors
• Understand some of the terms used e.g. creditor (someone you owe money to)
• At any stage during the process you can contact your dedicated case adviser at Money Advice Direct for support so you will not have to face this situation alone.

Debt Options for those living in Stoke on Trent

IVA or Individual Voluntary debts over £17,000
The IVA agreement shows your creditors your financial position and explains how much you can afford to pay over a period of no more than 5 years. Provided most of your creditors agree, all your debts will be included in the agreement and you will be protected against any action being taken against you by any of your other creditors. If you agree that an IVA is the best way forward we will work with you to decide how much you can realistically afford to pay each month while making sure you have a reasonable amount left to cover living expenses for you and your family.

During the time you are making payments under the agreement we will conduct regular reviews of your monthly payments. If you are not able to afford the monthly payments due to unexpected circumstances we are able to ask creditors to agree to reduce the agreed payments. If an IVA is not for you we will explain the alternative solutions and recommend how you should proceed.

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 over £2,000
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 over £750
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.

Once you have taken that vital first step in wanting to do something about your finances, we can help you work towards clearing your debts. For example, an IVA can help get rid of debts after five years by getting people you owe money to agree to write off what you can't afford to pay. Call us to find out more about this and other debt solutions.

Call Money Advice Direct on FREEPHONE 0800 074 6918. Our phone lines are open 24 hours a day, all year round including bank holidays. You can call freephone 0800 074 6918 for an initial chat about your own financial situation. You can also apply online by simply completing the online form. One of the debt advice team will call you as early as possible to discuss personally to give you debt advice on how 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