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Diary of a Debt Advisor
- C for Charity
- P for Pensioners
- D for Divorce
- W for Weddings
- P for Planning
- F for Family
- P for Pressure
- E for Equity
- H for Housing
- R for Relationships
- B for Buy-to-let
- I for Income
- R for Retirement
- S for Shame
- I for Illness
- B for Bust
- C for Criticism
- M for Mental health
- H for Hormones
- R for Remortgage
- D for Director
- T for Travel
- B for Banks
- H for Humour
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In Profile with...
- Dave Collier of CA Tax Solutions
- Nicki Stewart of Money Return Ltd
- Peter Welch of Bridgewater Equity Release
- Justin Rees of LeadPoint UK
- Gerri Riddiough of Financial Bliss
- Stephen Brown of Classic Mortgages
- Sue Forrest at 1st Stop Debt Solutions
- John Fairhurst of Payplan
- Ross Walker of EuroDebt
- Neil Cronshaw of Varden Nuttall
- Bev Budsworth of The Debt Advisor
- Hayley Newton of Ashley Park Debt Solutions
- Ian Woodley of Now Financial
- Barry Mitchell of Recro Debt Management Services
- Aftab Zahoor of Debt-Simple Limited
- Mark Fawcett of Release Money Group
- David Rankin of Harrington Brooks
- Nick Pearson of Paymex Group
- Andrew Smith of ClearDebt Group
- Lee Healey of IncomeMAX
- Daniel Walker of The Debt Professionals
- Anthony Sharp of Anthony Sharp Associates
- Michael Fitch of Fairpoint Group Plc
- Charles Greed of In Control Debt Solutions Ltd
- Melanie Taylor of DEMSA
- Emma Bryn-Jones of Zero-credit Limited
- Stephen Robertson of Metis Partners
- Rehan Ahmed of Kingsland Business Recovery
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Features
- Will enquiry find a case for fee-paying DMCs?
- Charging Orders - Threat or security?
- Are back book buy-outs the future?
- Bailiffs 'Exposure' - The aftermath
- New proposals: a stepping stone for bankrupts
- Debt and depression - a holistic approach
- Full and Final Settlements - a win-win solution?
- Repossession - a threat to overcome?
- Debt Relief Orders - the new bankruptcy?
- County Court Judgments - how can DMCs assist?
- Sale and rent back regulation - protecting the vulnerable
- The debt showdown - IVAs vs Trust Deeds
- Payday lenders cashing in on credit crunch
- Clever money management - the key to tackling debt
- The debt-trimental impact of friends and family borrowing
- IFAs speak out over impending RDR
- DMT delves into the world of insolvency
- Paydayloan companies: Case study from the Debt Advisor
- The secret to making debt leads work
- Top 10 money-saving apps
- Is the finance industry responsible for the nation’s debts?
- Dundee-based brokerage wins Business of the Year award for debt solutions
- FSA facing a difficult year ahead
- One advisor, two debt management referrals and over £600 commission
- Serious Fraud Office – Costing less but more effective?
- Former mortgage packager tells of transition to award winning debt advisor
- EuroDebt and mortgageforce partnership goes from strength to strength
- Paydayloan companies: Case study from the Debt Advisor
- From investment banker to debt advisor: EuroDebt welcomes new franchisee
- Family debt advice business scoops Franchisee of the Year award
- In The Spotlight...Jenni Slader, EuroDebt Franchisee
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Brokers branching out and regaining business
With no recovery visible on the housing market horizon yet, from an industry point of view it’s always interesting to hear how individual mortgage brokers are coping with the current lack of lending.
As some choose to struggle on, or exit the sector completely, others are beginning to branch out from offering purely mortgages.
West-Yorkshire based mortgage broker Graham Swann became a franchise owner for debt management business, Pentagon, in August last year after mortgage business dried up and his profits started to suffer. Having retained his clients and remained in control of his company and commission levels, he has spoken out about becoming a franchisee.
“I was eager to find a way to recoup my profits and help people within my area and starting up a debt management business seemed like the right thing to do.” He said.
“Becoming a franchise owner made sense because I would have more time to focus on building up the client bases for both businesses. If I ran a debt management business completely on my own I would have the sole responsibility of organising the repayment plans and maintaining contact with my clients on a regular basis so would not have as much time to find new business.”
Launching his franchise last year, Mr Swann emphasized the support he received in starting up – from taking part in a five-day training course covering everything he needed to know in order to run a business effectively, to being assigned a mentor for ongoing advice.
“As I was used to selling and talking to clients about their financial concerns through my mortgage broker business I have not needed my mentor’s help that much, however it’s nice to know should a problem arise I have somebody to help me resolve it.
“Knowing I am now in a position to help people get out of financial difficulty is immensely satisfying especially when I have been able to prevent clients from losing everything.” Mr Swann concluded.
