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Debt advice to soar says Debt Advisory Line

Debt advice to soar says Debt Advisory Line

One of the UK’s leading providers of consumer debt advice is receiving record numbers of calls from those facing financial difficulty as a result of the budget.

The new Government’s VAT hikes, the freeze on child benefits and restrictions in housing benefits, will also all take their toll into the future, according to Manchester-based Debt Advisory Line.

Martin Chapman, Group Head of Marketing and Business Development at Debt Advisory Line said: “We anticipate needing to recruit staff specifically to take calls from those who are incredibly worried about their future finances because of the changes in the budget. We have already had calls and I would like to stress that help is at hand and initial advice is free of charge from anyone needing to speak to a trained debt advisor.

“People are very concerned about changes to benefits and how this will affect the money in their pockets, as well as the rise in VAT which makes everyday living that much more expensive. Many simply don’t have the disposable income for this kind of change and even small changes can have a devastating effect on family finances. This is where we can provide assistance and help people see that there is financial hope.”

Debt Advisory Line has been awarded the title of ‘Debt Management Provider of the Year’ for the second consecutive year and helps thousands of consumers every month to tackle their debt problems and rebuild their credit profile in the shortest possible time. Advisers help individuals across the UK with a wide range of debt problems including mortgage arrears, insolvency and bankruptcy.

Martin is also urging anyone needing help to avoid unscrupulous traders including loan sharks who may see budgetary changes as an opportunity. He said: “It is important that people are cautious about who they deal with concerning their financial situation and debt advice. Debt Advisory Line is a member of DEMSA the debt managers’ standards association which encourages the highest standards within the debt management industry and promotes good practice throughout the sector, ensuring customers are dealt with responsibly, compassionately and transparently. This is extremely important to us as it demonstrates to our customers that we comply with the standards set out in DEMSA’s rigorous Code of Conduct which encourages debt management companies to provide services of the highest standards in which the public and the credit industry can have confidence and to provide a high level of protection to the consumer.”

Anyone interested can call 0800 652 8086 or go to for further information.