Citizens Advice - Debt Advice - IVA

Citizens Advice - Debt Advice - IVA

If you've completed our Debt Analyser, then you might now be considering getting some specific, individual debt advice. If the Debt Analyser's recommendation was an IVA, then completing the more detailed questionnaire to which you were directed when you completed the analyser will get you the advice you need. If our recommendation was anything else - or if you just feel you need an independent helping hand - you could do a lot worse than contact your local citizens advice bureau for debt advice (CAB).

There are more than 21,000 advisors working in citizens advice bureau in the UK - and they deal with many thousands of debt advice enquiries every year.

Citizens Advice Bureau provides some really useful debt advice web pages - you can access them here.

We'd also like to direct your attention to Citizens Advice Bureau's advice on debt management plans - and the companies that provide them. Click here and scroll down to see it. We think that a Debt Management Plan (DMP) is rarely the best solution for someone who is deeply in debt - the citizens advice page clearly spells out the positives - and the risks - of following the debt management route.

Citizens Advice Bureau also provides a range of fact sheets on debt topics, including bankruptcy advice and letters you can use to approach your creditors yourself (DIY debt management may seem daunting - but for many it can be the best route to becoming debt free). You can find all the fact sheets by clicking on this link.

CAB provides a searchable directory of local citizens advice bureaux here.

One slight word of warning - citizens advice bureau is not a single national organisation with common standards of advice. Each Citizens Advice Bureau is different and develops according to the resources it has (some get local authority support, some don't, etc). So - whilst it is difficult to think of a better source of general, free face-to-face debt advice in the UK, you should check that the advisor you are seeing has debt experience - Wikipedia has a good explanation of how the Citizens Advice Bureau movement works.

Links to related ClearDebt articles:

Bailiffs: the law and your rights
Debt Advice
Debt Advice - CCJs and Bailiffs
Citizens Advice about Final Demands
Different ways to borrow money

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News

Debt attitudes helped by unemployment?
(Fri, 27 Nov 2009)

The unemployment rates in the UK may go some way in helping change people’s attitudes towards their finances and the possibility of entering into debt. This is the opinion of Charles Davis from the Centre for Economics and Business Research, who observed that, although the rise in these levels has eased over the last few months, ... more >>

‘Debt despair’ for Dubai expats
(Fri, 27 Nov 2009)

Britons living in Dubai may find themselves increasingly in trouble as the emirate appears to be succumbing to debts reaching £48 billion. According to the Daily Mail, the region has been experiencing difficulties since property prices fell and the stock market collapsed, which saw residents’ investments drop by over 70 per cent. As a result of this, ... more >>

Debtors offered financial education
(Fri, 27 Nov 2009)

A short film has been created in order to help debtors become more financially aware, detailing the clearing process of cheques, what happens if they bounce and when funds are cleared. Angela Thomas, managing director of the Cheque and Credit Clearing Company (C&CCC), which launched the product, noted that research from the organisation has shown that ... more >>

Credit card debt ‘can take years to clear’
(Thu, 26 Nov 2009)

Debts on credit cards that amount to between £1,800 and £2,000 may take more than ten years to clear, if just minimum repayments are met. This is according to This is Money’s Simon Moon, in response to a reader’s letter in which debts of £2,000 on Barclaycard Platinum and £1,800 on Natwest Gold cards were admitted. Taking ... more >>

Debtor protection ‘to be strengthened’
(Thu, 26 Nov 2009)

Mortgage borrowers in the UK are to be better protected under new Treasury proposals that will see the Financial Services Authority (FSA) regulating third-party sales of mortgages. A consultation document is to be published by the government, to close on February 15th 2010, detailing proposals to extend the FSA’s reach regarding second charge and buy-to-let loans. Exchequer ... more >>

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