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na What we do

  • Debt Management

    A Independent Debtline Debt Management Plan (DMP) is not suitable for all people in debt. However for those that qualify, it can be an excellent option for the management of your debts.

    At Independent Debtline we manage your Debt Management Plans. If you qualify for a Debt Management Plan, you will agree to pay a set amount per month that you can afford, we then negotiate new affordable payments with your creditors (credit card companies, finance houses, banks etc.)

    The Debt Management Plan is an informal arrangement and not legally binding. If there is a more suitable Debt Solution, Independent Debtline advisers will make you aware.

  • Debt Consolidation

    If you have equity in your home, we may be able to arrange a consolidation loan with one of our specialist lenders to pay off all of your debts into one affordable payment.

    If a consolidation loan is not available, we will provide alternative advice on debt solutions available.

    You need to be aware that a consolidation loan, in most instances, is a secured loan against the equity in your home. Your home is at risk if you don't keep up repayments on the consolidation loan.

  • Debt advice enquiry
  • Debt consolidation enquiry

  • IVA

    The IVA (Individual Voluntary Arrangement) is a piece of legislation that was created in 1986 to help people who are in debt. An IVA is a legitimate alternative to becoming bankrupt. The IVA is a legally binding agreement which protects you from your creditors. The creditors agree with you to accept a payment each month over a period of five years, the payment of which you can legitimately afford.

    After this 60 month period you could become debt free, and all your debts will be written off.

    You may also be able to settle your outstanding debts in one full and final payment. This is known as a full and final IVA.

  • Bankruptcy

    As a last resort for a debt solution, Bankruptcy is an option to protect you from people you owe money to. We will always try to find an alternative solution such as an IVA or a Debt Management plan.

    There are a number of elements to Bankruptcy that you need to be aware of;

      •  If you go Bankrupt, your assets are sold off and the money is used to pay
         your creditors
      •  You may have to sell your house
      •  Your Bankruptcy is advertised in the local newspaper
      •  Bank accounts and credit cards will be closed
      •  Most Bankruptcies now last only 12 months and are then discharged

  • IVA enquiry
  • Bankruptcy enquiry
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Calls are recorded for training and compliance purposes. Your home may be repossessed if you do not keep up payments on a mortgage or any other debt secured on your on it. Your ability to obtain further credit may be also affected in the medium or long term when a solution has started. Fees are payable when our service is provided.