€uroDebt Financial Services is a specialist and independent fee charging Debt Solution provider that has offered Debt Adjustment and Full & Final negotiation services since 1996 and has been operating Debt Management Plans since 2000. €uroDebt is the UK's largest commercial provider of face-to-face debt advice and is a member of DEMSA whose Code of Conduct has been approved by the Office of Fair Trading (OFT). €uroDebt is also a founder member of the Association of Professional Debt Solution Intermediaries (APDSI) and strongly believes in providing intermediaries with high quality marketing and compliance support.
€uroDebt Introducers offers:
- Help for your clients to regain control of their finances
- All-round debt advice both face-to-face and over the telephone
- An established national network of licensed debt advisers, who will work closely with you
- A full range of debt solutions: DMPs, IVAs, Protected Trust Deeds and Bankruptcy Support
- Weekly commission payments - paid electronically
- Marketing & Compliance support
- A non-compete clause with a mutual client philosophy
We have an eleven year track of working with a wide range of Introducers, including brokers, financial advisors, residential letting agents, solicitors and accountants. We will actively work with you to identify future revenue streams where a client's circumstances change, which is established through regular reviews. We do not expect any Introducer to provide debt advice - that is our role. The majority of our clients have a face to face meeting, which we believe is the most effective and timely method of collating and witnessing critical income & expenditure information to prepare independent proposals to the client's creditors. We are also able to provide debt advice and debt solutions over the telephone through our DEMSA member subsidiary Atlantic Financial Management. The commission scheme covers referrals to both €uroDebt and Atlantic.
A wealth of Debt Management experience
We are currently helping over 27,000* people with serious debt problems relating to nearly 200,000 active payment plans with over 3,700 creditors, including all the major banks and credit card issuers, amounting to well over half a billion pounds of unsecured debt. Since 2000 we have negotiated with lenders on over 370,000 individual credit agreements to establish reduced payment arrangements.
On average a €uroDebt client stays on their Debt Management Plan for 57 months*. This demonstrates that we have an excellent record of our clients maintaining their plans and consistently making creditor payments. This is important for most creditors because it means they will continue to freeze interest & charges and agree to full & final settlements if your circumstances materially change. For many clients a Debt Management Plan (DMP) is appropriate as a transitional debt solution where adverse personal or household circumstances create major reductions in household income or increases in expenditure. Entering a €uroDebt plan demonstrates to your creditors that you are taking a responsible attitude to your financial affairs until you can resume paying contractual commitments or settle your debts. There will be circumstances where a formal arrangement is required with a client's creditors, in which case an IVA or Bankruptcy may be discussed with the client. Ultimately it is the client preference that is important, subject to their eligibility for any given debt solution.
Industry Knowledge
Our senior management team have held executive roles in a number of leading credit granting and credit services organisations, including, leading banks, mortgage providers, credit reference agencies, debt collection agencies and with industry bodies. Understanding how the credit industry operates is very important in representing our clients with unmanageable debt problems. Our Business Development Managers, Regional Sales Managers and Partner Development team also have sector specific knowledge to ensure that our debt solutions are tailored for the respective Introducer channels, for example; mortgage brokers dealing with homeowners with high debt balances or residential letting agents dealing with tenants with lower disposable incomes and debt balances.
National Network
€uroDebt has over 80 licensed debt advisers that visit prospective clients in the privacy of their own home or as joint meetings with you the Introducer. The debt advisers are supported by over 150* office based client support staff, whose primary focus is to ensure the debt solution services are professional and personally delivered to our clients. We have invested in state-of-the-art offices in Bedford with significant capacity for growth. We have also significantly invested in secure web based technology to enable our Introducers to take advantage of the wide range of Marketing Support tools, including an extensive range of printer ready collateral.
A very personal service
All our new clients are now surveyed 6 months after the start their debt solution. Since July 2007, 79% of the clients that responded confirmed that they would recommend someone in similar financial circumstances to €uroDebt.
* Accurate at July 2011