IVA & Debt Advice covering the entire UK including Worcester

Freephone IVA and debt service covering the entire UK including the West Midlands area

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.

Debt problems in Worcester have increased by more 50%. The average resident of Worcester owes £26,000 on credit cards and other unsecured loans. Worcester is a city and county town of Worcestershire, in the West Midlands of England. Worcester is situated some 30 miles southwest of Birmingham, 29 miles north of Gloucester. Some residents of Worcester are more £100,000 in debt and financial outlook in the city is bleak.

Money Advice Direct has seen a  has seen a 35 per cent increase in the number of people in Worcester seeking debt advice and foresee the problem getting worse as the credit crunch and recession take its toll. There is a lot of misery around with debt and it is a real concern. It is definitely a big a growing problem in Worcester.

In the past year, debt advice team has have dealt with 2000 individual cases, some have credit cards and personal loans adding up to over £100,000. If you live in Worcester and are having debt problems the UK Insolvency Helpline advise you to act on it sooner rather than later because the longer debts are left unattended the worse they get.

Money Advice Direct gives the following advice for people in debt:

• Reduce the temptation to spend
• Plan your spending
• Put money into savings
• Don't ignore the problem - it won't go away. The longer you leave it, the worse it will get.
• Get advice from Money Advice Direct, Citizens Advice Bureau or other advice service.
• Make the most of your income - check you have received all of the student benefits you are entitled to.
• Always open correspondence relating to debts - ignoring letters won't make the problem go away.
• Tackle your priority debts first - e.g. debts that could mean losing your home or having your gas or electricity cut off.
• Work out a personal budget - show it to your creditors straight away. Make sure that you contact all of your creditors.
• Work out a reasonable offer to each creditor. Don't worry if the offer seems small. It is better to offer a regular small amount you can afford rather than a larger offer you won't be able to keep paying.
• Don't give up trying to agree an offer even if creditors are difficult.
• Always keep copies of letters and papers you send or receive.
• Don't borrow money to pay off your bills without thinking carefully. Always get advice first.

Debt Solutions Currently Available to residents of Worcester

• 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 IVAs here
• Bankruptcy - Bankruptcy can be the best option for dealing with debts in many cases and can allow people to clear all their debts and make a genuine fresh start. You are normally discharged after one year or less in some cases; however you may be subject to an income order for three years depending on your circumstances. If you own your home or have valuable assets both could be at serious risk.
• Debt Management - Debt Management can seem like an easy way out of temporary financial problems, giving you a lifeline to cover your bills. There's a down side though that not many consider until they've experienced it for themselves such as the procedure not being legally binding. Read more about Debt Management Plans

Money Advice Direct's regional debt advice team covering the entire UK including Worcester is a West Midlands and UK wide service that aims to reduce debt and financial exclusion by improving people's capacity to manage their debts, help people to take control of their finances and make informed choices in the future. For debt advice on how to get debt free (subject to terms and conditions) please call 0800 074 6918 or send us a confidential enquiry 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