Call our debt helpline:

0800 157 7254

Existing customers helpline:

0800 093 5322

DEMSA OFT

Our customers

Joe Mini gave us an excellent service and made the whole process more easy to cope with and to get to a final resolution we are very appreciative

Mr Ralph

Why Debt Advisory Line?

We aim to reduce debt in the shortest possible time. We are members of DEMSA - (The Debt Managers Standards Association). We adhere to the code of conduct as set out by DEMSA which aims to protect the interests of both consumers and lenders. The DEMSA code of practice is approved under the OFT (Office of Fair Trading) Consumer Codes Approval Scheme (CCAS).

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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.