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
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).
Latest Debt Management News and updates from Debt Advisory Line
The Limit on contactless card payments increases to £15
Thu 4th Mar 10 - 16:14
The payment limit was raised on contactless cards yesterday to £15 per total purchase. This includes credit cards and debit cards using the new 'contactless' technology which allows customers to swipe their card to pay for purchases of £15 or less without entering a PIN or providing a signature.
It is estimated that 1 in 7 people in the UK will have a contactless card by the end of this year and the hope is that more UK retailers will offer contactless payments now that the limit has been increased.
A spokesperson for the UK card industry said that because the payment limit is relatively small fraudsters are not tempted to target this part of the card industry. Your card provider should cover any loss if the card is stolen and you report this at the earliest possible opportunity.
Brian Cunnington of Barclays said: 'Contactless technology is undoubtedly the future of payments and we are seeing it grow hugely in popularity.
'The new higher limit gives customers the flexibility of paying for even more transactions quickly, securely and conveniently via a contactless card payment and will lead to more retailers implementing the technology.'
The new Barclays Visa debit card will have the contactless technology built in as standard and there are now around 4 million Barclaycard credit cards with contactless technology live in the UK.
Craig Gedey Marketing Manager for Debt Advisory Line warned contactless card customers: 'You should always ensure you keep a close eye on credit card and debit card spending habits.'
'My worry with contactless payments is that people may run their bank accounts into overdraft or run over the available credit limit with their credit cards unless monthly management and especially clearing of credit card balances takes place every month.'
'Running up what may seem like an insignificant amount of debt at the time can soon add up and may lead to major debt problems if not managed correctly.'
'At Debt Advisory Line we offer free initial debt advice and we try to help our customers make one affordable monthly payment, we also deal with our customers creditors on their behlaf which can help take away the stress of debt.'
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