Money Advice Group Review

Money Advice Group

About Money Advice Group

Times can be tough, and with the recent credit crunch hitting the UK many people have found themselves swimming in debt. So if that is you, then you have arrived at the right place With the Money Advi ce Group, as they are there to help you.

Nobody intentionally sets out to fall into debt, but unfortunately it can happen so quickly and easily without you really knowing. The more you borrow the deeper you will get until the time comes when you feel alone and isolated, unable to cope. It can start with a change of circumstances such as a major repair, divorce, moving home and even losing your job.

At the Money Advice Group they have been helping individuals with debt problems for almost a decade and have a plethora of experience in this sector. The main problem is that people are unsure about the options available to them and aren’t sure which road to turn down, that is why the Money Advice Group are on hand to guide you every step of the way.

What Can Money Advice Group Do?

• Bankruptcy – Only needed in extreme conditions which would free you from your debt obligations and help you to make a fresh start. The one major fall back will be damage to your credit rating.
• Individual Voluntary Arrangement (IVA) – If you have £15,000 or more of unsecured debt across three or more lenders then this legally binding agreement between you and the lenders can help you pay back debt in an affordable way over a five year period, something that the Money Advice Group can help with.
• Debt Management Plan – This where the Money Advice Group can help you by establishing how much you can afford to pay each month and then negotiating directly on your behalf with each of your creditors. As this is the most effective way of paying off your debt professionally by using the Money Advice Group service it can carry fees but does ensures that you meet a single payment every month to meet your obligations.
• Debt Consolidation – Available to home-owners and naturally takes the form of a loan which is secured against your home. However don’t forget that it is secured on your property so if you fail to make payments you could have your home repossessed.