Who Are Angel Advance?
Angel Advance is a UK-based debt advice company offering tailored financial solutions. Established in 2013, they focus on helping individuals manage and resolve personal debt through regulated advice and debt relief services. Their team is authorised and regulated by the Financial Conduct Authority (FCA), ensuring clients receive professional and ethical support.
What Services Does Angel Advance Offer?
Angel Advance provides several debt solutions:
- Individual Voluntary Arrangements (IVA): A formal agreement to repay part of your debt over a fixed period, usually five years, with the remaining balance written off at the end.
- Debt Relief Orders (DRO): Suitable for those with low income and minimal assets, allowing debts to be cleared after 12 months if your situation hasn’t changed.
- Debt Management Plans (DMP): An informal agreement to make reduced monthly payments to your creditors.
- Bankruptcy Advice: Support and guidance for those considering bankruptcy as a last resort.
They also provide free, confidential online debt advice through their digital assessment tool.
Pros of Angel Advance
- FCA-regulated service.
- Positive client feedback on platforms like Trustpilot.
- Transparent approach with clear communication.
- Easy-to-use online system for those preferring remote advice.
- Offers legal protection from creditor action in certain cases, like when entering an IVA.
Potential Cons to Consider
- Some services may result in additional fees.
- Debt solutions like IVAs could impact your credit file for six years.
- Not every service is suitable for all financial situations.
What Does Creditpoor Think?
Creditpoor rates Angel Advance positively for individuals looking for structured, FCA-backed debt help. They stand out for their mix of online and advisor-led services, helping clients take control of their debts in a way that fits their lifestyle.
Creditpoor advises individuals to compare multiple providers, including Angel Advance, before deciding on a debt solution.
