How it works

A debt management plan is an informal payment arrangement between your client and their creditors. It is not binding or contractual, and they can stop at any time.

With recent world financial events heavily publicised, it isn't difficult to understand that with the absence of funding liquidity, intermediaries have to find other ways to help their clients manage their monthly finances better. Financial instruments such as DMP's are now acceptable solutions to have a positive effect on your clients finances.

Your client may:

• 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
• 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 doesn't fully cover their consolidation requirement

The process:

• Provide us with your clients name and number
• We'll call them and build a DM plan that suits their circumstances
• We'll email you the pre-completed pack for your client to sign
• Send the pack back to us, we'll collect their payment and send your 60% commission

What happens next...

• We'll contact all their unsecured creditors to renegotiate their payments
• In most cases we will ensure their creditors freeze the interest on outstanding accounts
• Your client makes their first payment to us 4 weeks later and we take over all payments direct to their creditors. Your client can look forward to a more affordable future.

Debt Management needn't be confusing... just ask an expert.