Recent client profile
The following is a recent example of how Money Advice Direct operates:
Please note that The UK Insolvency Helpline follows a strict code of professional ethics, therefore any names are fictitious and all advice is (subject to terms and conditions)- Miss Johnson was working in full time employment as the manager of a local fast food restaurant.
- She came to us with total debts of £27,500.
- She was struggling to meet her minimum payments of £800.00 per month. The interest charges were adding up. Her financial problems had reached such a high level that she was having problems coping.
- Within one week we had negotiated the debts down to
£7,875.00 and stopped all further interest charges. - Miss Johnson and the people she owed money to agreed to her paying £155.00 a month over a four year period.
This agreement is governed by law - [The Insolvency Act (1986)]. We have helped numerous clients in a similar manner throughout the United Kingdom.
Quite simply, if you owe amounts over £10,000 we aim to be able to assist in finding solutions to reduce the debt, request creditors stop or reduce any interest payments and consolidate the debt into one monthly payment and arrange a suitable and realistic period for repayment.
PAYE/Individual Debt Advice Menu
- PAYE / Employed Individuals enquiry form
- What is an IVA?
- Individual & Personal Insolvency
- Individual Insolvency Register
- The IVA procedure
- IVAs - Facts and how they work
- IVAs - Frequently asked questions
- IVAs - Estimated completion timescale
- IVAs - Documentation required
- Download IVA questionnaire form
- Sample IVA Proposals for PAYE worker
- What about my banking options?
- What do we do?
- Exactly what happens next...
- Why a loan won't help
- What is bankruptcy?
- What if you have equity in your property?
- Beware of informal debt consolidation
- Non-dischargeable debts
- How do you qualify for an IVA?
- Five point debt action plan
- Debts under £5000?
- Recent client profile
- Trust Deeds (Scotland only)
- Protected Trust Deeds (Scotland only)
- Bailiff guide - know your rights
- Budget calculator
- The world of credit repair - main menu
IVA Advice Menu
- IVA (Individual Voluntary Arrangement) Overview
- The IVA procedure
- What is an IVA?
- IVA Enquiry Form
- How to start an IVA
- Who can an IVA help?
- IVA's - Facts & how they work
- Benefits and Advantages of an IVA
- Who can an IVA help?
- IVA - Help and information
- How an IVA works
- IVA's - Frequently asked questions
- IVA - Estimated timescale
- The IVA approval process
- The IVA criteria
- Bankruptcy or IVA
- IVA - What are the costs involved?
- IVA - The documentation required
- IVA - Download forms
- Sample IVA proposals for PAYE worker
- IVA - Guide to creditors Fees
- IVA - Standard Terms & Conditions
- Individual Insolvency Register
IVA's
The IVA Guide
Money Advice Direct has put together an IVA Guide based on the enquiries and questions that we receive at our helpline offices.
In the guide we cover such subjects as IVA Approval, early settlment of your IVA, missed IVA payments, IVA failure, additional debt claims and much more.
[click here for IVA Guide]
What is an IVA?
The IVA is an extremely powerful tool enabling you to clear your debt and return to a clean financial bill of health. Visit Money Advice Direct's Guide to Individual Voluntary Arrangements (IVAs).
[more...]
DANGER
Due to the tremendous demand for debt consolidation services the United Kingdom is now overloaded with debt management companies that contain misleading information. [more...]