DEBT SOLUTIONS

The Debt Advice Portal

• Help retain your clients by closing the advice circle and offering debt solutions to those clients who fall out of the mortgage process
• Offer your clients free debt advice through the Debt Advice Portal
• Keep in line with MCOB 4.7.6
• Data is submitted electronically to the Portal
• Provide tailor-made solutions for your clients
• No cross-selling and you can retain your client at all times
• Reminder service to contact your client after the debt solution has been satisfied

Client Suitability for the Debt Advice Portal

Does your client owe more than £7,000 in unsecured loans? If the answer is yes to this question, then debt advice portal is your best option to help your client.

Benefits to your client:

• Impartial and independent advice
• Negotiation with creditors organised
• Reduces the likelihood of charging orders
• Interest freeze on debts
• Legally writes off a percentage of debt in some cases up to 75%

Re 10

• Help your clients consider options for dealing with their debts and earn fees at the same time
• Free access for mortgage brokers and their clients to professional guidance and expertise from Re10's licensed insolvency practitioner network
• If your clients have £20,000 or more of unsecured debts they may be able to:
• Freeze interest
• Protect their property from creditors
• Write off up to 75% of their debts
• No cross selling to your clients