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Debt Management Provider of the Year 2008 & 2009

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We are members of DEMSA - The Debt Managers Standards Association. This means that we adhere to the code of conduct as set out by DEMSA. The DEMSA code of practice is approved under the OFT (Office of Fair Trading) Consumer Codes Approval Scheme (CCAS).

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We would highly recommend Debt Advisory Line to anyone that we thought could use their advise and expertise.

Helen (Watford)

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Glossary

Term	Description
Secured Debt	Loan amount for which the borrower pledges one or more assets of equal or greater liquidation-value as a security which may be forfeited in case of a default. Also called secured loan.
Secured Loan	Loan agreement under which a borrower pledges a specific asset or property which the lender can seize in case of default.
Statutory Demand	A statutory demand gives a person 21 days warning to pay the debt. After that the statutory demand has runs it course and it can followed by a bankruptcy petition.
Surplus Income	This is the amount you are left with if you subtract all your living expenses such as housing costs, food, clothing travel etc.) from your income (wages, pensions, benefits etc). This is the amount of "surplus income" available for the creditors.

Helen (Watford)

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