Loan Options offers debt referral service
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Having analysed its lender panel, where a case will not fit or the circumstances suggest that a client might struggle to maintain repayments, Loan Options will refer the case on to TCF Debt Solutions.
Andy Moody, managing director of Loan Options says: “Consolidation of debt has been the standard weapon of choice for most brokers faced with clients wishing to reduce their outgoings on credit cards and other debt.
"However the lack of appetite for this type of borrowing, allied to lower LTVs and the fall in house values, means that we need to offer brokers and their clients realistic alternatives.
"It is logical that brokers should have the option of referring at risk clients to a service designed to offer long-term advice on managing debt effectively and avoiding bankruptcy. Treating customers fairly by ensuring that they have access to all the choices to meet their needs is what every broker will be offered at Loan Options.”
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