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Missed credit card payments...Mortgage Arrears...CCJ's... Court Action .... Eviction Notices...Threatening Letters and Phone calls....The list above highlights some of the problems many people are facing, some of whom may be your clients. Unemployment, Loss of overtime and bonuses, Negative Equity are just some of the reasons behind these financial issues.
Debt Management could be the a perfect solution to give your clients stepping stone to getting back on track with their finances. Debt Management is a designed so a client will pay back what they can afford to their creditors on a monthly basis and not what the creditor requests. Interest is normally frozen immediately and we will be able to place the clients on a Debt Management plan helping them to prioritise their payments to all their creditors.
Many of our brokers have found that this product, like Full & Final Settlement, is a great way to help those clients who would normally just be cancelled and forgotten. Not only that, but by placing them on a Debt Management Plan, you can create further sales opportunities for protection sales that may have been cancelled or aren't in place at all. This will earn you potentially £1000s in extra income as well as keeping your client in a stable position with the prospect of refinancing them at a later date.
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