Personal Debt Help

Personal debt help advisers are available...

Money Advice Direct understand how much stress personal debt can cause. The personal debt help unit works to help thousands of people each month, the aim is to suggest effective debt solutions using our team of personal debt help advisers to quickly and accurately analyse each person's personal debt situation and recommend the most appropriate for them.

If you are in need of personal debt help please call 0800 074 6918 or apply online.

Dealing with personal debt problems

If you're in need of personal debt help and you are finding it hard to cope, it's important to deal with the problem straight away - the longer you ignore your debts, the worse the situation becomes.

Follow these steps debt help:

Make a list of all the personal debt owed
The first job is to sort out exactly what you owe, and to whom you owe it (your creditors). You then need to put these debts in order of importance. The most important ('priority') debts aren't necessarily the biggest ones. Priority personal debt is where serious action can be taken against you if you don't pay what you owe.
Priority personal debt
Priority personal debt is things like mortgage repayments, rent, taxes and payments ordered by the courts: if you don't sort these out, there's a possibility you could lose your home or go to prison.
Non-priority personal debt
Non-priority personal debt can include credit card payments, bank loans, catalogue repayments and money you've borrowed from family or friends. You can't ignore these, but you don't need to deal with them as a first priority.

What to do if you are in need of personal debt help.

Bills are a fact of life; they only become a problem when you become overcommitted and your income can no longer meet the bills coming in. However, by careful budgeting and planning and by being realistic about what you can afford, you can avoid debt problems and make the most of your income.
If you are over-committed and have a debt problem, don't ignore the situation. Signs you may need personal debt help include:

having rent or mortgage arrears
taking out new loans to pay off old ones
only paying the minimum amount on your credit card
using a credit card for day-to-day purchases
ignoring letters from creditors

By listing and prioritising your debts, budgeting and talking to your creditors you can get the situation in hand.

Contact us today for confidential and non-judgemental personal debt help that will considers all debt solutions available. Phone lines are open 24 hours a day, 365 days per year on 0800 074 6918 or apply online for personal debt help.

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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).
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Personal Debt Help