Euro Debt Introducer Presentation
-
Upload
lynton1959 -
Category
Documents
-
view
261 -
download
3
Transcript of Euro Debt Introducer Presentation
1V2
Vance Parsons - Director
2V2
National field team of over 100 Debt Advisors / Broker “Mentors”
Over 18,000 active Debt Management Plans & Helping over 25,000 individuals
The UK’s largest DMC providing home visitsThe UK’s largest DMC providing home visits
Negotiated just over 300,000 payment plans with lenders
Most sustainable plans in the industry
Debt Management is our core business – we do not broker or re-finance
13 years of successful trading history
3V2
Debt Warning Signs Debt Warning Signs
€ Increased borrowing and equity release
€ Dropped Insurance Cover
€ Adverse Credit rating
€ Late or missed payments
4V2
Debt Warning SignsDebt Warning Signs
€ Default notices
€ County Court Judgments
€ Statutory demands
€ Repossession of assets
5V2
Options Available When Dealing With Debt
Options Available When Dealing With Debt
€ Do nothing € Reduce outgoings and attempt to repay debts
€ Informal arrangement with creditors
€ Seek Advice:
€ Consolidate/Refinance debts
€ Re-mortgage property
€ Debt Management Plan (DMP)
€ Individual Voluntary Arrangement (IVA) or Scottish Trust Deed
€ Sale of property to repay debts
€ Bankruptcy
6V2
What is an IVA?What is an IVA?
€ Court approved & legally binding arrangement
€ Gives debt forgiveness
€ Interest & charges on debts frozen on approval
€ Fixed term generally 5 years, with probable requirement for equity release
€ Gives debtor one affordable monthly payment, monitored annually
€ Agreement is in full & final settlement if terms satisfied
€ Failure to adhere to terms may result in bankruptcy
7V2
What is a Debt Management Plan? What is a Debt Management Plan?
i. A Debt Management Company (DMC) acts on behalf of borrowers to help them clear their debts
ii. Reduce monthly repayments – deal with any legal issues
iii. Halt Interest & Charges
iv. Single Payment Plan (SPP)
v. Full & Final Settlements
8V2
Qualifying RequirementsQualifying Requirements
i. A minimum of £3,000 of debt – no maximum
ii. At least 3 creditors – no maximum
iii. Home owner, tenant or living with family
iv. Employed, self-employed, on benefits or retired
v. Deal with “partner unaware” situations
vi. May have arrears with priority creditors
vii. May have legal action pending against them
viii. Bailiffs at the door
9V2
Your Introducer SchemeYour Introducer Scheme
€ You can register into the EuroDebt Introducer Scheme – Today!
€ You can start referring cases immediately
€ You are attributed with any referral through the co-branded website or through the Help Line
€ You are assigned a EuroDebt “Mentor” for a Face to Face Meeting
€ Agree, monitor & support joint marketing activities
10V2
11V2
12V2
GENERATE INCOME FOR YOURSELF NOW AND FOR THE FUTURE
GENERATE INCOME FOR YOURSELF NOW AND FOR THE FUTURE
You could earn up to £795 for a debt management referral and maybe even a re-mortgage later
€ Minimum £200 commission
€ Or 20% of the paid Instruction Fee whichever is the highest
€ Instruction Fee ranges from £495 to £3,995
€ Average fee for homeowner £1,800 - £2,000
€ Paid when paid
€ Progress reporting
13V2
Introducer Marketing Collateral Guide
14V2
Support ServicesSupport Services
€ Dedicated co-branded web portal
€ Introducer Help Line – 0845 36 25 303
€ Immediate appointment making
€ Immediate confirmation of all referrals
€ Regular progress reporting
€ Local EuroDebt Mentor
€ Weekly commission statements
€ Paid when paid basis
15V2
WHAT NEXT?WHAT NEXT?
€ Meet your local EuroDebt Advisor
€ Peer Group Meetings
€ Joint Marketing
€ MAKE REFERRALS
€ Accompanied Client Meetings
THE OPPORTUNITY IS YOURS!