€uroDebt Introducers, incorporating €uroDebt Financial Services and Atlantic Financial Management products, pay the most sustainable commissions for clients’ successfully referred* for a debt solution by a registered Introducer. It doesn’t matter whether this is referred by:
- Phone on 0845 36 25 303
- Fax 01234 838309
- Email to interested@EuroDebtIntroducers.com
- On-line at www.EuroDebtIntroducers.com
It also doesn’t matter whether a ‘fact find’ is completed or not, we simply require the contact details of the people you would like us to approach for a debt solution. We only require that you have their permission for us to contact them, in accordance with your Introducer Agreement.
You will be prioritised on all commission payments. You are paid ahead of us on any cleared funds relating to fees that attract commission. This should benefit your cash flow and ensure that the majority of commission earned on a referral is paid within 35 days of the referral for Debt Management Plans (DMPs). Commission payments on Individual Voluntary Arrangements (IVAs), Protected Trust Deeds (PTDs – applicable in Scotland) and Bankruptcy Assistance take longer given the formality of the arrangements.
Debt Management Plans (DMPs)
All Introducers will be entitled to 20% commission on the set-up fee paid to €uroDebt for a successful Debt Management Plan (DMP) referral. It remains true that the higher conversion rates are attributed to those referrals accompanied by a ‘fact find’, so please bear this in mind when making referrals. The current average commission is over £260 per case and maximum commission for a DMP referral is £799. Cases where the client does not want a home visit that are referred to sister company Atlantic Financial Management will attract an average commission of approximately £100 or 50% of the disposable income paid to Atlantic when the DMP is set-up.
Individual Voluntary Arrangements (IVAs)
Many of our Introducers were unaware that we offer a full range of debt solutions, including; DMPs, IVAs, Protected Trust Deeds and Bankruptcy Assistance.
We will pay a minimum of £500 for a successful IVA referral through the Introducer Help Line, fax, email address or website where “IVA preference” is quoted and we pass direct to our Insolvency Practitioners. If a referral goes to one of our regional advisers for a meeting then the minimum will reduce to 10% of the Nominee Fee. Commission is paid monthly on a paid when paid basis.
There are opportunities to earn up to £1,000 in commission on non-standard IVA referrals, generally relating to sole trader or business debts – notably with HMRC. These cases fall outside of the ‘IVA Protocol’ and there is more flexibility in the Nominee Fees.
Ancillary Services
We are providing our Introducers access to a range of new services to offer your clients and banner adverts to put on your websites. Examples include;
- Debt Calculator - this has proved a very popular piece of content for many Introducer websites.
- Bank switching - a Prepaid Current Account with no credit checks and no charges for failed direct debits and standing orders, available for any UK resident, subject to confirmation of residency
- Energy Switching - free access to whole of market energy comparator
* Subject to €uroDebt or Atlantic having collected at least the minimum amount. This excludes "free" cases where a client meets €uroDebt’s or Atlantic’s vulnerable client or severe financial hardship policy.
|
|