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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
- A for Articulate
- M for Medicine
- C for Care
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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
- Kevin Still of the Association of Professional Debt Solutions Intermediaries
- Melanie Giles of Association of Professional Debt Solutions Intermediaries
- The Round Up
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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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R for Retirement
The news that individuals look set to be paying off their mortgages right into their old age has got me thinking about some of the older clients I’ve managed to help over the years. The worry about debts can have a huge impact, especially on those who are older and more vulnerable...
One lady I helped was particularly concerned about her debts. I remember setting out to visit her – it was during a snowstorm and I had to wade through drifts to get to her house. Nina was in her early 60s, and approaching retirement age. She had a significant amount of debt – round about £60,000 – but she also had her own house and a relatively small mortgage.
Nina took the decision to downsize, and actually bought a flat close by. The sale of her house allowed her to clear the balance of her mortgage and most of the £60,000 of unsecured debt. She wasn’t in a DMP for a very long period of time – after about a year I managed to negotiate reduced settlements on her debts and so a year on she was, essentially, given a clean slate and became debt-free.
Another older gentleman I helped was a retired financial consultant based in West London. Nigel Jennings has been a client of mine for a couple of years. When I first went to visit him, what I was most concerned about was whether he would be more suitable for an IVA than a DMP.
He was really worried, and felt embarrassed about falling into debt after working as a financial consultant for so many years. Nigel was extremely proud of his wife, who had continued working and who had significant funds with a pension plan and savings set up. I set him up on a DMP and he is still very happy – in fact I am going to review him in a week or two.
Another retired chap I helped ran an import/export business. He was very trusting and mentioned to his clients that he was looking to wind down his business. So of course what did they do? Made large orders from him and then never paid up, which meant he came out of the business owing around £200,000. We put him on a DMP and he is so happy with the way things are going that he has even recommended his brother to me.
