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 |
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).
Finance News
Mortgage Approvals Rise Boosts Housing Market
Tue 31st Mar 09 - 9:43
The number of mortgages approved for house purchase jumped by 19% last month in another sign that the housing market is recovering.The number of loans passed in February was 37,937 - the highest since last May - the Bank of England said.
The figure suggests that record low interest rates and recent steep house price falls are tempting buyers back to the market.
Anecdotal reports from estate agents had suggested interest from buyers soared in recent weeks.
Meanwhile, house prices continued to fall in March, according to property intelligence group Hometrack.
The average home in England and Wales lost 0.6% of its value during the month, down from drops of 0.8% in February and 1% in January.
The British Bankers' Association last week released figures showing that the number of mortgages approved for house purchase by the major banks rose for the third month in a row during February.
But it was thought that much of this increase was being driven by banks' greater market share, rather than higher overall lending levels.
Yet the Bank of England figures suggest sales may be picking up again.
Vicky Redwood, UK economist at Capital Economics, said: "February's household borrowing figures suggest that housing market activity may finally have turned a corner."
She warned that approvals levels would need to double before they were no longer consistent with falling house prices.
Despite the pick-up, approvals for house purchase were still 44% lower than in February 2008.
Remortgaging activity also continued to decline during the month, with just 32,633 loans approved for people switching to a better deal, well down on the previous six-month average of 52,780.
Designed by
Harper James and Hosted by
