|
|
-
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
- A for Articulate
- M for Medicine
- C for Care
-
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
- Kevin Still of the Association of Professional Debt Solutions Intermediaries
- Melanie Giles of Association of Professional Debt Solutions Intermediaries
- The Round Up
-
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
RSS Feed
C for Charity
Charity. Whilst this might not be the first word that springs to mind when you think about people getting in to debt, charity and debt are sometimes more interlinked than you’d think.
One of the most touching and unusual cases I have dealt with during my experience as a debt advisor occurred a few months ago when I went to visit Patti, a lovely South African lady and registered nurse. I’ve never met anyone who worked as hard as she did – working gruelling night shifts throughout the week just to pay off her debts.
We sat down to figure out exactly what had happened and it turned out Patti’s debt had spiralled out of control several years ago, when she decided to help her country by collecting unwanted clothing, footwear and food and shipping them over in big containers.
Instead of getting proper advice she had taken it upon herself to hire the containers and pay for the shipping herself. (She didn’t realise she could have received tremendous financial help for this). As a result, she managed to accrue over £20,000 debt.
After sitting down with Patti and working out her client financial planner, I managed to reduce her outgoings to her creditors by half. She was over the moon and so thankful.
Sometimes in this job, charitable acts are needed. It can be really difficult seeing those who are physically vulnerable being hounded by creditors after getting into debt as a result of external circumstances.
One particularly helpless client I visited had suffered a massive stroke in 1999 and had lost his job. Despite being equity rich – Bob owned his own home, he was living on income support benefits and couldn’t get a secured loan.
Bob was referred to me by an introducer because he was being chased by his creditors, to the further detriment of his health. When I went to see him I could see how he had been left disabled by the stroke, his brother was there by his side the whole time.
This was a situation in which I managed to help a very vulnerable person, who had fallen on hard circumstances through no fault of his own. Helping these kinds of clients is extremely rewarding.
