More Brokers Turn To Debt Management To Help Clients
Over 650 Introducers now signed up to EuroDebt Introducer Scheme
Leading debt management provider, EuroDebt Financial Services, has now signed up more than 650 intermediaries and brokers to its Introducer Scheme, reflecting the increasing pressure to provide consumers with alternatives to re-mortgaging or other funding to bolster flagging finances. As Kevin Still, Director, EuroDebt explained, more consumers are finding themselves struggling, but don’t want to put their home at risk.
"The headlines, almost daily, talk about the rising cost of living and the impact it’s having on families and individuals in the UK. For many, who were playing a careful balancing act, just about managing debt repayments, they are now permanently in the red and not able to dig themselves out of their difficulties. But they really don’t want to lose their home, car or other tangible assets.
"Debt Management is, therefore, a very viable alternative. And we are finding more and more financial advisors and brokers looking to pro-actively include this in their range of services so that they don’t have to turn clients away.
"What we are also finding is that brokers, themselves, are feeling the brunt of the credit crunch with rising numbers of clients being declined for remortgages or other forms of finance. And this is having a ‘significant’ impact on their own business income. Diversification is, therefore, essential to be able to support their own business as well as offer clients a viable alternative to bankruptcy or an IVA.
"A Debt Management Plan (DMP) provides clients with a real alternative to insolvency, doesn’t generally put the family home at risk and offers brokers attractive commissions with a genuine opportunity for future revenue from re-mortgaging where personal circumstances or market conditions change. EuroDebt’s philosophy is that any client introduced by a broker is a mutual client."
A EuroDebt debt management plan is designed to focus on finding the right debt solution for the client. EuroDebt provides a highly personalised service, which includes an initial face-to-face meeting. Working closely with individuals to create a proactive plan, EuroDebt helps clients manage their debts and take control of their finances.
Crucially, by becoming a member of EuroDebt’s Introducer Scheme, IFAs and mortgage brokers can offer this expert support to their clients, bringing them added value and a lifeline out of financial hardship. Indeed, a number of brokers are taking advantage of the free co-branded web portal with EuroDebt, as part of their Introducer Agreement which they are using to offer referrals for clients in financial difficulty who require an urgent “no obligation” face-to-face meeting with a trained debt advisor.
Still concludes, "The huge take up of our Introducer Scheme highlights the impact the current market conditions and regulatory changes are having on brokers and their clients. Enlightened brokers are able to help their clients regain control of their finances, demonstrate a responsible attitude to repaying their debts and strengthen relationship with them. Debt management is a flexible alternative that can work either alongside secured finance or as a standalone, while providing early proof results and an extra revenue stream. By using the options offered by EuroDebt's flexible Introducer Agreements, brokers can either simply refer cases or submit on-line EuroDebt 'fact finds'."
€uroDebt Financial Services is a trading style of Pentagon (UK) Limited, registered in England with registration number 03267970 at the registered office and head office address of 7 Franklin Court, Stannard Way, Priory Business Park, Bedford, MK44 3JZ.
Authorised and regulated by the Financial Services Authority (FSA)
Licensed under the Consumer Credit Act 1974 (CCL No: 421901)
Data Protection Reg. No: Z7134790 | VAT No.: 694 3030 35
Over 650 Introducers now signed up to EuroDebt Introducer Scheme
Leading debt management provider, EuroDebt Financial Services, has now signed up more than 650 intermediaries and brokers to its Introducer Scheme, reflecting the increasing pressure to provide consumers with alternatives to re-mortgaging or other funding to bolster flagging finances. As Kevin Still, Director, EuroDebt explained, more consumers are finding themselves struggling, but don’t want to put their home at risk.
"The headlines, almost daily, talk about the rising cost of living and the impact it’s having on families and individuals in the UK. For many, who were playing a careful balancing act, just about managing debt repayments, they are now permanently in the red and not able to dig themselves out of their difficulties. But they really don’t want to lose their home, car or other tangible assets.
"Debt Management is, therefore, a very viable alternative. And we are finding more and more financial advisors and brokers looking to pro-actively include this in their range of services so that they don’t have to turn clients away.
"What we are also finding is that brokers, themselves, are feeling the brunt of the credit crunch with rising numbers of clients being declined for remortgages or other forms of finance. And this is having a ‘significant’ impact on their own business income. Diversification is, therefore, essential to be able to support their own business as well as offer clients a viable alternative to bankruptcy or an IVA.
"A Debt Management Plan (DMP) provides clients with a real alternative to insolvency, doesn’t generally put the family home at risk and offers brokers attractive commissions with a genuine opportunity for future revenue from re-mortgaging where personal circumstances or market conditions change. EuroDebt’s philosophy is that any client introduced by a broker is a mutual client."
A EuroDebt debt management plan is designed to focus on finding the right debt solution for the client. EuroDebt provides a highly personalised service, which includes an initial face-to-face meeting. Working closely with individuals to create a proactive plan, EuroDebt helps clients manage their debts and take control of their finances.
Crucially, by becoming a member of EuroDebt’s Introducer Scheme, IFAs and mortgage brokers can offer this expert support to their clients, bringing them added value and a lifeline out of financial hardship. Indeed, a number of brokers are taking advantage of the free co-branded web portal with EuroDebt, as part of their Introducer Agreement which they are using to offer referrals for clients in financial difficulty who require an urgent “no obligation” face-to-face meeting with a trained debt advisor.
Still concludes, "The huge take up of our Introducer Scheme highlights the impact the current market conditions and regulatory changes are having on brokers and their clients. Enlightened brokers are able to help their clients regain control of their finances, demonstrate a responsible attitude to repaying their debts and strengthen relationship with them. Debt management is a flexible alternative that can work either alongside secured finance or as a standalone, while providing early proof results and an extra revenue stream. By using the options offered by EuroDebt's flexible Introducer Agreements, brokers can either simply refer cases or submit on-line EuroDebt 'fact finds'."
€uroDebt Financial Services is a trading style of Pentagon (UK) Limited, registered in England with registration number 03267970 at the registered office and head office address of 7 Franklin Court, Stannard Way, Priory Business Park, Bedford, MK44 3JZ.
Authorised and regulated by the Financial Services Authority (FSA)
Licensed under the Consumer Credit Act 1974 (CCL No: 421901)
Data Protection Reg. No: Z7134790 | VAT No.: 694 3030 35
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Make a Referral
Find An Advisor
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Contact Us
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