Complete appointed sole packager to Debt Advice

19 November 2008

Complete will retain exclusive status for the remainder of 2008, and will continue to be one of only three packagers used by the charity from the start of 2009 onwards.

Debt Advice Network offers free advice to individuals who are experiencing debt problems.

Where appropriate, clients are referred to one of Debt Advice Network’s affiliated advisers for help in finding a solution to their financial problems which could include a Debt Management Plan, a remortgage or a secured loan to help release some of the capital in their property.

The appointment of Complete as Debt Advice Network’s first packager/ distributor will enable the charity’s advisers to have access to Complete’s extensive panel of mortgage and secured loan lenders.

Tristan Pile, sales and marketing director of Complete, commented: “The Debt Advice Network is providing an innovative service to individuals experiencing debt problems and it offers pragmatic solutions to help prevent evictions and repossessions.

"In particular, the charity aims to call on the expertise of mortgage advisers and it is building a fast-growing network of members to whom it can refer clients that may benefit from debt management so the charity's own resources can be used to concentrate on helping less viable cases."

Jo Anido Tasende, chair of trustees of Debt Advice Network, says: “As the current financial situation continues to deteriorate, we are experiencing a huge surge in demand for our independent non profit making debt advice services.

"Currently, it is estimated that four million homeowners are paying their mortgage with credit cards, unemployment has reached a seventeen year high, and 1.7 million borrowers have missed mortgage payments. Our experience shows that many individuals who have current debt problems may also have a good proportion of capital tied up in their properties.

"We are delighted to welcome Complete as the first of our limited panel of mortgage packagers, to provide extra support to our network. "