TCF Debt Solutions is to become a preferred partner of debt charity, Debt Advice Network, based in Hertfordshire.
TCF Debt Solutions will provide advice and fulfilment services to clients referred through its growing national network of brokers.
The charity which is currently self funded, is looking for government backing to expand its work. It provides extensive training on all aspects of debt advice to mortgage brokers and IFAs who are recruited to give advice to clients.
In return the charity negotiates with local authorities and employers who have people needing debt advice. The broker, who is free to carry on his principal business, is expected to make himself available to see clients in local authority buildings at least one day per week and also take telephone enquiries from employees of participating companies with a view to doing home visits.
Clients whom the adviser feels would benefit from a debt solution are then referred to TCF Debt Solutions or another member of the panel.
Rita Walsh, who heads the strategic partners initiative for Debt Advice Network, says: “We were keen to expand our panel of providers and TCF Debt Solutions has built a reputation for being dedicated to the intermediary market and being able to advise on both debt management plans and IVAs. We are delighted to have them on board. I am sure that their presence on our panel will persuade more intermediaries to join our network so that we can expand our free services to more people who find themselves in trouble.”
Andy Moody, managing director at TCF Debt Solutions says: “We are looking forward to working with Debt Advice Network. We have always worked exclusively through intermediaries and have the systems to ensure that they and their clients are not only given the best service but that the vital communication between ourselves, the intermediary and client is maintained throughout the process.”