Money Advice - UK Debt Help & IVA Specialists

Budgeting is a great way to get in control and on top of your debts. By following our budgeting tips, 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 a note of this information is an invaluable way of relieving the likelihood of forgetting payment dates and helps you keep on top of things.

If you’re unsure what debts you have outstanding, don’t worry; call us, and we can offer a free soft credit check.

Cut back unnecessary spending by ending any subscriptions that you don’t need. Give your phone, water, electricity, gas and internet providers a call to see if you are on the most cost-effective plan for you.

There are many free comparison websites online, which may be useful for finding the cheapest options for you, from car insurance to your weekly food shop.

There may be benefits that you unknowingly qualify for or similar help from the government or local council.

Check out our debt solutions page and read about what’s available. Money Advice deals with IVAs, and we talk about the pros and cons of choosing this solution so that you can make an educated decision.

There are several options, so make sure you take the time to think about what might suit you. If necessary, discuss with your family or partner what is best for your situation.

Furthermore, you can contact or request a free call back from one of our experienced team members, who can carry out an IVA assessment to see if you qualify.

Facing debt is the only way that they will go away. A simple call can get the ball rolling as we assess your financial circumstances and discuss your options.

Here at Money Advice, we are a team of debt experts offering guidance on IVAs as a potential solution to your debt worries.

We can guide you through the IVA process, meaning that we can help put together your IVA application, and we work closely with established Insolvency Practitioners who can oversee the process should you wish to pursue this solution.

Our reputation shows that we’re a great choice when it comes to taking your first steps towards getting debt-free, as thousands of our past customers across the UK have demonstrated over at our review pages.

We make our process as easy as possible to give you the best possible experience, alleviating as much stress as we can whilst we help you through the IVA process.

Our service is non-obligatory, so there is no expectation for you to pursue the debt solution following our conversations.

Our assessors take the time to listen and understand your circumstances – a wide range of debt solutions are available in the UK. Money Advice specialises in IVAs, and if this is a solution you qualify for and would like to look into, our experienced assessors can help you through the process.

All the support we offer is completely free whilst determining if you qualify for an IVA – we do not charge any upfront fees.

If you opt for an IVA, there will be fees involved to cover the running costs, but these will be included in any monthly payments you make.

Reaching out for help with your debts is one of the hardest steps you can take in the process of getting debt-free – we know this.

It’s never easy, but one of the most frequent pieces of feedback we hear from customers is that they felt like a weight has been lifted once they spoke with one of our assessors. Our team has a wealth of knowledge and understanding to put your mind at ease.

There’s a variety of debt solutions available in the UK, and each has its own qualifying criteria.

The main debt solutions include:

• Debt management plans (DMP)
• Individual Voluntary Arrangements (IVA)
• Bankruptcy
• Debt Relief Orders (DRO)
• Protected Trust Deed (Scotland only)
• Debt Payment Plan (Scotland only)

Money Advice specialises in IVAs and Trust Deeds.

This is one of the questions we get asked the most, so we have lots of information on how an IVA works.

IVAs are a scheme that was introduced by the UK Government in 1986 to help consumers get on top of their finances and reduce debts. IVAs involve you only paying what you can afford monthly towards your debts, whilst your creditors also agree to write off a portion. This solution lasts five years but provides a solution for many consumers who would prefer an alternative to things like Bankruptcy or Debt Management Plans.