Call our debt helpline:

0800 157 7254

Existing customers helpline:

0800 093 5322

DEMSA OFT

IVA Example

Here's how an IVA can help make debt affordable.

Current Unsecured debts: Monthly repayment: £450 Total owed: £25,000
Within an IVA agreement: Monthly repayment: £200 Total repaid by borrower: (inc. fees and costs) £12,000

Our customers

No more hassle from creditors and help is always on the other end of the phone. I am not pressured into clearing the debt quicker, although of course it recommended, it is purely at my own pace and affordability. I have my life back. Brilliant.

Ms Sonia M.

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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Debt Advice from Debt Advisory Line

How do I start an IVA?

You should consider an IVA to deal with your debt problem if you meet the following criteria:

  • Your debt must be in the UK
  • You must be a resident of England, Wales or Northern Ireland. If you are a resident of Scotland then we can help you with a Trust Deed (the Scottish alternative to an IVA, requiring a minimum of £8000 in debts)
  • You must be having difficulties paying your debts, or your debts must be greater than the value of your home (making you insolvent).
  • You must have debts over £12,000 through a minimum of 2 lines of credit. If your debts are below this then Debt Advisory Line will advice you which debt solution is best for your debt problems.
  • You must be able to demonstrate that you can repay a percentage of your debts back.
  • You should have a regular income.

Click here for more information on our fees

Individual Voluntary Arrangement  (IVA) is specialist service provided by our sister company Mitchell Farrar Insolvency Practitioners LLP

For Online Advice From The Best Simply Complete Our Advice Form Now!

or Call Today on 0800 157 7254