BOURNEMOUTH, England, June 18, 2012 /PRNewswire/ --
As the complaints about payday creditors mount up Debt Line offers a safe, secure and effective way forward
The number of payday loans increased by 241% between 2006 and 2009, from 1.2 million to 4.1 million, according to Debt Line. Interest on these quick-cash loans is huge, with some companies charging as much as 3000% APR. Debt Line offers expert debt management services designed to get debtors back on track as quickly as possible and deal with these unscrupulous payday loan companies.
Debt Line helps nearly 20,000 people deal with debt problems every single month. It creates personalised debt management plans; deals with creditors on behalf of its clients; aims to get interest charges frozen where possible and covers all monthly payments, consolidating loans to make life easier.
One of the biggest bonuses of Debt Line is its commitment to dealing with all issues on behalf of its clients so members of the public don't need to speak to intimidating, forceful and sometimes unnerving credit companies. It has a team of specialist debt managers who are assigned client accounts that they manage and look after.
Debt Line also provides information about the most well-known payday loan companies in the UK. Users can rate each of these companies according to three criteria: friendly service, treating you fairly and interest and charges. Debt Line encourages its clients to rate the payday loan company they are in debt to in order to help other potential customers avoid the worst of the bunch.
Payday loan companies such as Quick Quid, Wonga and Payday get bad reviews if they harass customers even after signing up with Debt Line - at this stage Debt Line takes over all communication. Many companies don't respond to emails and won't let debtors pay early. Almost all of them will not help people that fall into difficulty.
Debt Line deals with all these issues and more on behalf of its clients and knows exactly how to approach payday loan companies. It has been operating since 2006 and has a good reputation in the industry for dealing with debt problems quickly, easily and efficiently.
SOURCE Debt Line