If the Consolidation Loan is still unable to fit after being assessed for Full & Final Settlement, or even if the client’s missed mortgage payments are holding them back, then a Debt Management Plan is a perfect solution to give them temporary stability and give you the chance of resurrecting the deal a few months later.

Debt Management is a designed so the client will pay back what they can afford to the creditor on a monthly basis and not what the creditor requests. We will be able to place the clients on a plan whilst they get their mortgage payments back up-to-date. Once they are in a position to refinance, the lead is passed straight back to you, simple as that. We review our clients’ files every 3 months, so we will ensure it’s passed across as soon as the clients are ready.

Other brokers have found that this product, like the Full & Final Settlement, is a great way to keep those clients on-board who would normally just be cancelled and forgotten. Not only that, but by placing them on the Debt Management Plan, you can secure extra finance for your company with our referral fees and you also have the option of gaining the fresh leads a few months down the line.