Leicester Debt Advice Helpline

Leicester

Leicester Free Debt Advice Centre caters for the growing need for debt advice in Leicester including Individual Voluntary Arrangement, IVA or Debt Management Plan and other debt solutions. Call the Leicester Debt Free Helpline on 0800 169 1536.

Leicester is a city and unitary authority area in the East Midlands of England. It is the county town of Leicestershire. The city lies on the River Soar and at the edge of the National Forest. In 2004, the population of the city proper was estimated at 285,100, with 441,213 living in the wider Leicester Urban Area, making Leicester the most populous city in the East Midlands, the 10th most populous settlement in the United Kingdom.

Debt Statistics - Leicester

Striking Numbers - National*

Research performed by Leicester Debt Free Helpline shows that the number of bankruptcies in Leicester has increased by 46% over the last 12 months. This is higher than the national average increase of 17%

Leicester has mirrored the rest of the UK in seeing the level of consumer debt increase rapidly over the last 10 years.

For all Leicester households identified as being at risk of financial distress credit is being used to bridge the gap between income and expenditure.

For those on low incomes, credit is incurred to meet subsistence needs but for higher income households large mortgage payments have driven the use of credit

1 in 33 people in work - estimated to become unemployed this year

£58,350 - average household debt

£189 million - interest paid in the UK every day

every 10 minutes - a property is repossessed

3,000 people - made redundant every day

1 person every 4.5 minutes - declared bankrupt or insolvent

£84 million interest - daily amount the Government pays of our national debt

* source: Credit Action

The primary purpose of the Leicester Debt Free Helpline is to provide free debt advice to the general public on the full range of personal and corporate debt solutions. Our expert team has a wealth of industry experience across all sectors and work with organisations of every size on a local and national basis.

The following is a list of districts in and around Leicester covered by the Leicester Debt Free Helpline:

Coalville • Hinckley • Leicester • Loughborough • Lutterworth • Market Harborough • Oakham • Melton Mowbray • Wigston

Our Approach:

Leicester Debt Free Helpline focuses on delivering client driven services providing constructive, innovative and cost-effective solutions to individuals with debt problems and to owners of financially distressed businesses.

Services Offered:

Leicester Debt Free Helpline provide a comprehensive range of services aimed at delivering value-driven practical debt solutions.

If you live in Leicester and think that an Individual Voluntary Arrangement - IVA might be the right debt solution for you then by engaging Leicester Debt Free Helpline's services they will help guide you through the whole process including:

• provide information on all options and the pros and cons relating to each debt solution and their key features

• draft your IVA proposals with a view to getting the best deal for you

• take into account existing criteria used by creditors in assessing your proposals including budgeted income and expenditure guidelines

• where appropriate, they will meet you to discuss the proposals and other debt options

• their licensed Insolvency Practitioner will act as your Nominee. He will convene the requisite meeting of creditors, obtain their votes and report upon the outcome as well as accept appointment as Supervisor

Getting in touch with an insolvency expert for free debt advice is as easy as picking up the phone. Call the Leicester Debt Free Helpline on free phone 0800 169 1536

If you would like one of their experts to contact you to discuss your financial position and how they can help, please send your details so we can arrange a call back at a time that is convenient to you.

DRS - Debt Restructuring Solutions

Leicester Debt Advice Helpline