Money Advice UK - the debt advice & IVA specialists
Complete our online form to see what help is available or read more below:
Get debt free
Our IVA specialist & debt advice team will help you
get debt free in 3 easy steps.
Complete our online form
Completely Private & Confidential
Our quick and easy assessment will let you know what options you qualify for in 30 seconds.
Talk to the experts
Regulated Advice Process
If you are worrying about managing your debt, give us a call today or request a callback.
We understand debt and know it can be difficult, but our trained specialists are here to help without judgement.
Take action today
No Obligation Service
Being in debt can be daunting, but putting together an action plan will feel like a burden has been lifted
Debt advice you can trust
We pride ourselves on customer satisfaction. With independent Feedback based on 582 verified reviews (and counting), we were recently awarded the Feefo Gold Trusted Service Award.
Don't just take our word for it
All information was clear and easy to digest
Really helpful, friendly and information phone calls. All done very professionally. I would recommend this service to anyone seeking it
Can’t fault them
These guys are absolutely amazing! I was hesitant about making the phone call, and everyone I dealt with made the process so easy and stress free! I’d highly recommend to anyone!
Helpful caring professional
Priya was very understanding, non judgmental and very helpful during our initial conversation. She really did ‘care’ and went above and beyond for the best solution for me.
Why choose Money Advice?
If you are in debt, sometimes talking to someone is the hardest step you can take. Here at Money Advice, we are a team of expert advisors who will take the time to hear about what it is you are going through and what your concerns are.
Why choose Money Advice?
At Money Advice, we have years of experience between us and have dealt with a range of people in various circumstances. We can appreciate how difficult your situation may be and believe in the need for free, impartial advice when tackling debt.
Why choose Money Advice?
We can help
Based on the information you give us we help work out what debt solutions you qualify for, as well as which ones you may be best suited to. We can assist you in finding out what debt help you qualify for, as well as what information you need to move forward.
Why choose Money Advice?
We get the ball rolling
Once you’ve taken time to consider what route you would like to take, we can help you take the next steps. If you opt for a particular solution, our team can get you in touch with relevant providers. If you wish to pursue an Individual Voluntary Arrangement, our IVA Specialists can help you get an application together.
Money Advice Top Tips
It’s very important to get free debt guidance as soon as you can if you’ve fallen behind on priority bills, or are facing any debt emergency, including:
- court summons
- having your utility bills cut off
- having your home, car or goods repossessed
- being contacted by bailiffs
You can contact any of our advisors by calling 0333 678 5500
Monday – Friday 8am-8pm
You can request a Budgeting Planner from any of our advisors by calling 0333 678 5500
We offer a range of advice, from increasing your income to knowing your debts properly by offering a free soft credit search that won’t affect your credit.
Budgeting is a great way to get in control and on top of your debts. By following our budgeting advice, you should be able to work out your total income and outgoings and clearly visualise what money you have left each month to pay to your creditors.
We suggest making a list of your creditors, along with money owed and due dates. Making note of this information with pen and paper is an invaluable way of relieving the likelihood of forgetting payment dates and helps you feel on top of things.
If your not sure what debts you have outstanding don’t worry just give us a call and will offer a free soft credit check facility.
Cut back unnecessary spending by ending any subscriptions that you don’t need. Give your phone, water, and electricity gas and internet providers a call to see if you are on the most suitable plan for you. You might be paying for more than you actually use per month and this could save you money.
There are many free comparison websites online, which may be useful to find out the cheapest options for you, from car insurance to your weekly food shop.
Ensure that you’re receiving as much money as you’re entitled to. There may be benefits that you unknowingly qualify for or similar help from the government or local council. Consider whether you have any spare time to fit in some overtime or even a second job.
Check out the Our Solutions page and read about what we have to offer you. We show you the advantages/disadvantages of the individual solutions for you to be able to make an educated decision as to which route is best to take.
There are a number of unique options, so make sure that you take the time to read about and understand what each one would mean for you. If necessary, discuss with family or your partner to see which is best for your situation.
Furthermore, you can contact or request a free call back from one of our experienced advisors who will help you find the right solution for you and help you with any queries or uncertainties that you may have.
Facing debt is the only way that they will go away. A simple ring to us can get the ball rolling with clearing your debts, as we can advise you on your individual circumstance and ultimately, get you on your way to being debt-free on a solution tailored to you.
Not only will being active about your debts help you clear them quicker, but also will relieve enormous stress from you and those around you who may be affected.
The impact of the pandemic since early 2020 has meant that many companies are struggling to maintain their service, however, at Money Advice we have increased our efforts.
Our experts are available between 8am – 8pm, Monday – Friday.
Amongst the thousands of consumers in debt in the UK, IVAs are currently the most popular debt solution, with tens of thousands opting for this solution each year. This is followed by Debt Relief Orders, then Bankruptcy.
Money Advice UK
Here at Money Advice, we have already helped thousands of consumers this year on their way to financial freedom.
Through our free and non-judgmental service, we can provide you with information so that you can make a decision that’s right for you.
Money Advice FAQs
An IVA is a legally binding, formal agreement between you and your creditors to repay a portion of your debt. An assessment of your income and outgoings is completed to check how much you can afford to pay into the IVA each month. Once an amount you can afford each month is established, your creditors vote to decide if the IVA should be approved. The majority of your creditors need to vote for the IVA for it to go ahead. Once approved, the IVA usually lasts for 5 years with any of your remaining debt written off at the end.
There’s more than one reason why the IVA has proven over time to be such an effective route out of debt. Most people who benefit from an IVA would say having part of their debt written off is what appealled to them the most. In fact, up to 80% of your debt could be written off under an IVA; this means that if you owe £10,000, you could have up to £8000 of it written off! In addition, your creditors are no longer allowed to apply any interest or charges to your debts, or contact you for payment whilst you’re subject to the IVA. They also can’t take legal action against you.
All of your unsecured debts should be included in an IVA. Unsecured debts include credit cards, store cards, personal loans, payday loans and catalogue. Council Tax arrears and Benefit overpayments can also be included in your IVA. Secured debts, such as a mortgage or secured loan, cannot be included. Hire Purchase agreements, Court fines and CSA arrears can also not be included.
It’s unlikely that entering into an IVA would have a negative impact on your employment. However, in some instances, certain types of roles that involve finance can be affected if you access an IVA. It’s usually written into your employment contract so it could be worth checking this over if you work in roles involving financial advice, mortgage advice and accountancy.
One of the big advantages of an IVA is that your property isn’t at risk as long as you keep up to date with your mortgage payments. In fact, none of your assets are at risk under the IVA. However, in the final year of your IVA, you may need to release equity from your home. If this isn’t possible, then the length of your IVA may increase by a year.
We have our very own in-house insolvency professionals ready to set you on your path to a debt solution. This means we can quickly help you establish your eligibility and decide upon the most appropriate solution.
The advice we give is free, and there is no obligation to sign up to anything after your initial telephone consultation.
We think the world of money can be a complicated place, as decisions about overcoming financial difficulty are big ones, especially when there are lots of possible solutions out there. We understand this and that’s why we like to keep things simple.
There’s no pressure from us to make a quick decision, and we’re here when you’re ready to move forward.
Read our success stories from real-life customers who had an experience worth shouting about. 9/10 customers would recommend us to friends or family.
Money Advice UK help over over 5,000 people every year
Our team of experts help thousands of families every year across the UK get their finances back on track.
*To find out more about managing your money and getting free advice, visit Money Helper, independent service set up to help people manage their money.
Want to know how you can clear your debt?