Franchisees learn the ropes in Derby

Wednesday 30th July 2008

Diving into the network of franchisees and becoming part of a growing debt management organisation, the process is a learning one. What are the debtors’ rights with their creditors? How can you as a franchisee improve your work standards and earn more commission with the introducer scheme? What are your rights as a franchisee? Well for those of you pondering those questions, the EuroDebt conference held in Derby on Wednesday 23^rd July held the answers.

 

The world of debt management has been around in the UK for about 15 years, and is leaving behind the untrusting stigma which initially surrounded it, to be emerging as a crucial portal for eradicating debt.

 

One man who stood among the crowd on Wednesday believes debt management is the way forward for the future of debt control so much so that he took to the stand to tell franchisees all about the legislation changes of the ever changing finance industry.

 

With a flurry of hand movements encompassing his passion and expertise, Anthony Sharp, an independent consultant for EuroDebt explained the need for brokers to get involved in the Introducer Scheme.

 

“Their business is drying up at the moment”, he explained. “They are going to have to look elsewhere given their current situation.”

 

Anthony explained to the room full of franchisees exactly how the law works in regards to them. The phrase “treating customers fairly” resonated around the room, as it holds as much relevance in the current economic climate as a parachute does in a skydive. The FSA have been clamping down and reinforcing this phrase meticulously over the last month so knowing your rights as a debt advisor is crucial.

 

One asset the consultant really believes in is quality, he added, “I’d suggest what EuroDebt is offering is a unique quality and it’s a quality that needs to be kept up and is good. Not all debt management companies offer that same advice.”

 

So what did the franchisees get out of the day? Kevin Bullock, a franchisee from Birmingham since November 2007 claimed he learnt a lot that he didn’t already know. He said, “From the day several of the speakers were telling us about things I have not heard about before like laws and legislation. But just to look at EuroDebt on the whole is interesting and making sure you give the customers a good service and try and help them for the long term.”

 

EuroDebt reinforced the point of giving customers a good service throughout the day, making it clear they are keen to move forward from the once tarnished reputation the industry of debt management was given by free debt advisors when it moved over from the US.

 

The company also made it clear they are willing to help those with genuine causes, but wish to avoid the Amy Winehouses of the debt world, the ones who don’t want to help themselves and are looking for debt avoidance. As Kevin Still, Director of EuroDebt said, “We want to help people who want to face up to their debts not walk away from them.”

This approach is seeing many brokers and franchisees turning towards EuroDebt as a debt management company to be a part of, because of their reputation for wanting to help people as best as they can.  Brian Colegate, who has been working as a financial advisor for EuroDebt for six years, reiterated this when he claimed debt management is all about “looking at someone’s financial circumstances and determining what they can afford to pay back to their creditors, getting their situation under control. The other part is getting rid of their debt altogether.”

 

Along with learning about the laws applicable and media interest in EuroDebt, the conference also gave franchisees more confidence about earning great competitive commission rates for themselves with the Introducer Scheme. It was also a chance to share the appointment of Julie Symons to the EuroDebt Introducer Scheme, which you can read about by clicking below.

 

http://www.debtmanagementtoday.co.uk/newsstory?id=113&type=newsfeature&title=eurodebt_adds_industry_specialist_to_support_introducer_scheme-julie_symons_joins_southern_region

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