IVA & Debt Advice advice for the whole UK including York

Freephone IVA and debt service covering the entire UK including the North Yorkshire 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 York are rising and Money Advice Direct forecast that York and many other parts of North Yorkshire could be most affected by the credit crunch. York is a walled city, sited at the confluence of the rivers Ouse and Foss in North Yorkshire, England. The city is noted for its rich heritage and it has played an important role throughout much of its almost 2,000 year existence.

People who wanted debt help in York tend to be poorer than the rest of the population, with an average net monthly household income of £1,000 - less than two-thirds the national average.

According to the debt advice team covering York the average resident of York who came to the debt help organisation for advice owed £18,600, 60% more than the average debt accumulated by residents of York five years ago.

Nearly half of homeowners in York who contacted Money Advice Direct for debt advice were behind on their credit card debts or unsecured loan repayments, many homeowners were also in negative equity, while a 25% of people in York were in debt with their council tax. The debt advice team also found that one in 10 people living in York who contacted the service had at least 10 different debts, owing money through credit cards, loans, overdrafts and hire purchase agreements, but 58 per cent of these had no available income to pay back what they owed.

IVA to clear personal debts in York (subject to terms and conditions)

IVA advice is now the main debt solution being offered for personal debts over £15,000, accounting for one in three of all enquiries received. An Individual Voluntary Agreement is a legal and formal agreement between you and your creditors. They are suitable for people, with unsecured debts of over £15,000, owed to at least 3 creditors, who can no longer afford to make their full monthly repayments to creditors, but who can afford to make a reasonable offer.

An IVA proposal shows how you are going to repay your creditors, usually over a period of five years. It will be prepared and drawn up by an Insolvency Practitioner. To work out whether you qualify for an IVA you will be asked a number of questions about your current financial position. This will enable our advisors to calculate how much you can realistically afford to pay your creditors each month. Also we will ask you about any other assets you may have, as these may need to be included in the IVA. If you can demonstrate that, over the five-year term of the arrangement, you could pay back a reasonable amount of your total debt, an IVA could be a suitable option for you.

Unlike bankruptcy, details of an IVA are not openly published in the local press. It is a confidential arrangement between you and your creditors. Employers and landlords are not informed. Read more about IVAs here.

IVA main points

• One reduced monthly payment to your creditors
• A court order that stops any legal action by your creditors
• No more stressful telephone calls and letters from your creditors.
• An end to your current debt increasing as interest and charges are stopped.
• A fixed repayment period (normally five years) at the end of which all the debts in your IVA plan are cleared. At the end of the period, any outstanding balance you owe is written off.
• Reassurance that all unsecured creditors who are sent the IVA proposal must accept the arrangement - even if they don't agree with it - providing that 75% of your other creditors agree to the proposal.
• Peace of mind that it is not advertised anywhere and your employer is not informed.

Most common reasons for debt in York

• Low incomes
• Over-committed
• Illness or a disability
• Loosing their job.
• Irresponsible lending
• Poor financial skills
• Big increases in the cost of living

Do you live in York in North Yorkshire?

The UK Insolvency Helpline regional debt advice team covers the whole UK including the following areas of York in North Yorkshire.

• Acaster Malbis, Acomb, Askham Bryan, Askham Richard
• Bishopthorpe, Bootham
• Cawood, Clifton, Copmanthorpe, Crockey Hill
• Deighton
• Derwenthorpe (new village, planning permission granted)
• Dringhouses
• Dunnington
• Earswick, Elvington
• Escrick
• Fishergate, Fulford
• The Groves
• Haxby, Heslington, Hessay, Heworth, Holgate, Holtby, Huntington
• Kexby, Knapton
• Layerthorpe
• Middlethorpe, Moor End, Murton
• Naburn, Nether Poppleton, New Earswick
• Osbaldwick
• Rawcliffe, Rufforth
• Skelton, South Bank, Stockton-on-the-Forest, Strensall, Stamford Bridge
• Tang Hall, Towthorpe
• Upper Poppleton
• West Huntington, Wheldrake, Wigginton, Woodthorpe

Money Advice Direct’s regional debt advice team in York 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 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