Debt Consolidation - Consolidate your credit cards, loans or other personal debt into 1 monthly payment.

Are you struggling to pay off your debts every month? Do you have more month than money? If so, the best solution might be to consolidate all of those debts and to reduce your monthly payments by starting a Debt Consolidation Plan following confidential & professional advice from Debt Advisory Line.

So many people believe that the only way to get out of debt is to enter into bankruptcy. This is simply not true and there are a number of alternatives on offer in the UK. For many, the main issue is that they have debts which are owed to a number of different organisations and juggling money trying to pay each of them becomes confusing, adds to the stress and ultimately leads to penalty charges if payments are late or missed.

Debt Advisory Line's Debt Consolidation Plan offers individuals stressed by debts a simple and viable solution. They make one affordable monthly payment to Debt Advisory Line who in turn distribute that money to that person's creditors.

A Debt Consolidation Plan is also flexible so it can be amended should your circumstances change for the better or worse and you can even cancel it should you need to in the future. It is an ideal solution for those who want to consolidate their debts and who have:

• More than £5,000 of debt
• Two or more creditors
• A minimum disposable income of £100 per month
• Proof of earnings / income

Debt Consolidation Enquiry Form

If you would like to know more about Debt Consolidation Plans why not take a look at our Debt Consolidation Frequently Asked Questions page or alternatively call us now on 0800 157 7254 and speak to a trained member of staff in confidence about your need to consolidate your debts?

On average our customers reduce debt repayments by 50%*

We have saved Mr Jones from Southport over £400 per month in interest and charges by negotiating with his creditors – that’s a saving of £5,000 per year.**

Service and fees

We thrive on providing award winning service and our expert debt advisers will discuss all options available to you. If you choose to start a debt management plan there will be a fee involved. Click here for more information on our fees

*Reduction based on customers taking out a debt management plan or IVA during October 2011. **Based on a plan commencing October ’08. Repaying debt over a longer period may increase the total amount to be repaid. We must put certain 'priority' debts before others, debt write-off applies to unsecured debts, and only on completion of an IVA or Trust Deed. Your ability to obtain credit will be affected in the short term and might be affected in the medium to long term.

A Debt Management Plan (Debt Management Program) unlike debt settlement is an informal debt help arrangement between you and your creditors. Our credit management lets you repay your debts with one affordable monthly payment. This debt consolidation pulls all your unsecured credit such as loans, credit cards, store cards, catalogues and overdrafts into that one payment without the need to borrow any more money.

With our huge experience and knowledge of Debt Management Plans we negotiate with your creditors and request that interest and charges on your accounts are frozen, if not reduced, based on your circumstances.