Why Debt Solutions?

If your clients are in debt, they will be worried about it and may feel trapped by debt and are looking for help.

At Debt Advisory Line our focus is to help people to get out of debt in the shortest possible time, because we know how stressful debt can be. We help people under pressure to pay off their debts.

Debt Advisory Line offers an award winning level of service to your clients. Our senior partners include a Chartered Accountant and a Financial Services Authority (FSA) trained compliance expert whose overall responsibility is to ensure that the advice given by our fully trained advisors is always appropriate to your client's circumstances.

Clients may:

• Previously have used consolidation finance to give them breathing space, which is no longer available to them
• have fallen into mortgage arrears, and have large amounts of unsecured debt
• be facing repossession
• be coming to the end of a fixed rate mortgage, and realise that previous surplus funds are no longer adequate to cover unsecured debts
• be relying on credit card balance transfers to cover their living expenses
• not be aware that some credit card balances are being automatically reduced when challenged
• be unable to source any sub-prime lending products
• have experienced a drop in their house prices, and subsequently have less LTV available for re-finance
• have a maximum offer that doesn¹t fully cover their consolidation requirements

The options available may include:

Debt Management Plan

A Debt Management Plan is an informal arrangement between your clients and their creditors, to enable them to repay their debts with one affordable payment.

Benefits of Debt Management Plan include:

• Unsecured debts consolidated into one affordable monthly payment
• We will request that creditors freeze interest or failing that, reduce any interest and charges on accounts
• We will carry out regular reviews on your client's account
• We will provide them with a monthly statement
• Money will be distributed on a pro-rata basis between creditors, ensuring that each creditor is being paid fairly
• We will answer every call from your client and their creditors promptly and courteously
• We will liaise regularly with each of the creditors
• Your clients will be appointed their own Personal Account Manager who will look after them until they are debt free

Every month you will automatically be sent a report showing any clients that have taken out plans and made payments.

Commission will be paid automatically and you will not need to chase this.

Other options available include;

IVA & Trust Deeds

For individuals with over £15,000 of debt an IVA could free you financially.

At Debt Advisory Line if our informal arrangements aren't for your clients, the IVA is the way forward. It's a legally binding agreement which stops creditors hounding your client, ceases all interest charges and can free your client from debt in as little as 60 months.

It is designed for people who are struggling with debts and have three or more creditors. To qualify they must have proof of employment, be a UK citizen (in Scotland the equivalent is known as a Trust Deed) and owe more than £5,000.