Brokers choose charities for debt advice
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Almost 70% of intermediaries would prefer to introduce their client to a debt charity than to a for-profit organisation for debt advice, a survey carried out by Debt Support Trust reveals.
The research asked 182 financial advisers and mortgage brokers about their indebted customers.
Stuart Carmichael, director of Debt Support Trust, says: “The findings reflect the importance intermediaries place on the safety of their clients. The debt industry is going through turbulent change and a not-for-profit charity is one of the safest places for clients in debt.”
Debt Support Trust has created a leaflet and poster campaign to support intermediaries and their customers.
Carmichael adds: “Our charity recognises the importance of working alongside local councils, housing associations and intermediaries to provide partnered debt support for indebted people.”
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Readers' comments (3)
Swanny | 21 Apr 2011 5:29 pm
Take note FSA if we were money grabbers would we do this?
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Anonymous | 21 Apr 2011 7:28 pm
not for profit, i assume thats after large salaries have been paid !!!
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Michael Nicholls | 4 May 2011 8:24 am
The wording behind the headline is 'PREFER' to introduce clients to a charitable debt advice organisation. This doesn't mean 70% of intermediaries actually ARE recommending clients use them. If there's a waiting list to see their local CAB and the only other option is at the end of the phone or internet, what should the client do to get help- fast?
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