Call our debt helpline:
0800 157 7254
Existing customers helpline:
0800 093 5322
Debt Example
Here's how a debt management plan can help you repay debt.| Catalogue | £735 |
| Loan | £625 |
| Credit Card | £1,568 |
| Overdraft | £4,697 |
| Total owed | £7,652 |
Benefit of a Debt Management Plan
| Current monthly payment: Term: 10 years (for credit card) | £492 |
| New monthly repayment:
Term: 3 years 8 months* |
£222 |
Our customers
Many thanks for all your help in setting up our IVA you’ve been very patient with us, been a long haul but we’re there at last
E & G Mckay
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).
Latest Debt Management News and updates from Debt Advisory Line
Banks and Building Societies write-off £20.1 Million every day
Wed 1st Dec 10 - 12:37
Banks and building socities are writing off millions of debt every day. What should you do if you are struggling with unsecured debt repayments?
In the last 12 months UK banks and building societies have written off a staggering £9.9bn worth of loans, £740 million of which is credit card debt, to UK individuals. This equates to just over £20 million every day.
These latest UK debt statistics from the national charity Credit Action also report the total personal debt in the UK as £1,452bn, which is more than the UK produces in a year.
In October 2010 total lending increased by £1.3bn, in comparison consumer credit lending in October 2010 increased by £0.3bn a small amount when taking into account the £8.4bn growth in January 2008.
Secured lending on property remained at £1,236bn for the end of October 2010.
Average UK household debt excluding mortgages is £8,556, including personal loans this figure increases to £17,825 and including mortgages the average debt is £57,624.
Craig Gedey, Market Manager at Debt Advisory Line said: “Anyone who is struggling with loan debts or credit card debts may be eligible to start a debt management plan.”
“Rather than consolidating debts with another loan a debt management plan helps you repay the debts you have at an affordable monthly repayment amount; after living expenses have been accounted for.”
“On average we help customers reduce their debt repayments by 49%.”
Visit www.debtadvisoryline.co.uk/debt-help for more information.
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