The Introducer Scheme Opportunity
Many mortgage advisors and credit brokers are suffering in the current market because of the "credit crunch" and tougher underwriting criteria. Increasingly consumers have exhausted the traditional sources of secured and unsecured lending providers, but want to talk to an advisor about their debt problems.
With TCF obligations affecting almost all intermediaries, a Debt Management Plan (DMP) can represent an alternate debt solution that is in the best interests of the consumer where they can avoid becoming more indebted and take a significant step towards taking control of their household finances in conjunction with their Debt Manager.
Working alongside Secured Finance
Debt Management can work alongside the provision of secured finance where a consumer's equity, disposable income and credit worthiness will only support a partial clearance of the total unsecured debt. A secured creditor is a priority creditor and does not form part of the DMP. Part of the funds raised from the secured loan would be made available for full & final settlements for lower balance creditors and those who are unlikely to freeze interest & charges at the negotiation stage. A secured loan of £5,000 may in fact clear in excess of £10,000 of unsecured debts if the client is already in default with several creditors, which is not uncommon.
How the Introducer Scheme works
The €uroDebt Introducer Scheme allows you to make referrals to €uroDebt, where we will set up a confidential face-to-face meeting with your client. You are kept informed of progress at all times and are attributed with the referral from the outset.
The commission return for self-generated leads with a "fact find" (Tier-2) is considerably higher than a simple referral (Tier-1).
We quickly establish your Introducer Agreement and assign you a unique 6 digit reference and this forms part of your Introducer Website (e.g. www.EuroDebtIntroducers.com/123456). You will normally have the opportunity to work with your €uroDebt Business Development Manager to develop the marketing plan that forms an Annex to your agreement.
€uroDebt also provides a dedicated Help Line for handling Introducer referrals and answering any questions on the service. This is available from 8:00 to 21:00. This service is most useful to brokers or advisors when they may be away from the office. Our support team will ensure that a Debt Advisor is appointed at the earliest opportunity or whenever the prospective client wants to be called.
Marketing Support
€uroDebt provides a full broker and advisor marketing support pack, which includes a local mentor. €uroDebt is well equipped to do this as a result of its investment in its national franchisee network and having run advisor support programmes for many years. This is an integral part of €uroDebt's unique home visiting business model.
Many mortgage advisors and credit brokers are suffering in the current market because of the "credit crunch" and tougher underwriting criteria. Increasingly consumers have exhausted the traditional sources of secured and unsecured lending providers, but want to talk to an advisor about their debt problems.
With TCF obligations affecting almost all intermediaries, a Debt Management Plan (DMP) can represent an alternate debt solution that is in the best interests of the consumer where they can avoid becoming more indebted and take a significant step towards taking control of their household finances in conjunction with their Debt Manager.
Working alongside Secured Finance
Debt Management can work alongside the provision of secured finance where a consumer's equity, disposable income and credit worthiness will only support a partial clearance of the total unsecured debt. A secured creditor is a priority creditor and does not form part of the DMP. Part of the funds raised from the secured loan would be made available for full & final settlements for lower balance creditors and those who are unlikely to freeze interest & charges at the negotiation stage. A secured loan of £5,000 may in fact clear in excess of £10,000 of unsecured debts if the client is already in default with several creditors, which is not uncommon.
How the Introducer Scheme works
The €uroDebt Introducer Scheme allows you to make referrals to €uroDebt, where we will set up a confidential face-to-face meeting with your client. You are kept informed of progress at all times and are attributed with the referral from the outset.
| Tier 1 | You provide us with basic contact details and submit these with consumer consent for €uroDebt to follow-up. These can be provided by phone, on-line or through reply cards. |
| Tier 2 | You undertake some initial free training with €uroDebt to enable you to complete a "fact find" and to qualify the opportunity before referring the client to €uroDebt. €uroDebt involve you in the client's annual review process where circumstances may have changed. This level of agreement allows for flexibility in commission payments for both basic referrals (e.g. from bulk marketing campaigns) and qualified referral (e.g. after a face-to-face meeting). |
The commission return for self-generated leads with a "fact find" (Tier-2) is considerably higher than a simple referral (Tier-1).
We quickly establish your Introducer Agreement and assign you a unique 6 digit reference and this forms part of your Introducer Website (e.g. www.EuroDebtIntroducers.com/123456). You will normally have the opportunity to work with your €uroDebt Business Development Manager to develop the marketing plan that forms an Annex to your agreement.
€uroDebt also provides a dedicated Help Line for handling Introducer referrals and answering any questions on the service. This is available from 8:00 to 21:00. This service is most useful to brokers or advisors when they may be away from the office. Our support team will ensure that a Debt Advisor is appointed at the earliest opportunity or whenever the prospective client wants to be called.
Marketing Support
€uroDebt provides a full broker and advisor marketing support pack, which includes a local mentor. €uroDebt is well equipped to do this as a result of its investment in its national franchisee network and having run advisor support programmes for many years. This is an integral part of €uroDebt's unique home visiting business model.
€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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News
About EuroDebt
Partner Challenge
About the Scheme
5 Step Process
Join The Scheme
Make a Referral
Find An Advisor
Features & Downloads
FAQs
Case Studies
Client Charter
Contact Us
EuroDebt Helpline
0845 3625303