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TCF Debt Solutions seeking network ties

TCF Debt Solutions, a broker focussed debt advice specialist is seeking further relationships with networks in 2009.

Andy Moody, managing director of TCF Debt Solutions believes that networks are becoming more aware of the potential dangers their ARs face when dealing with debt advice companies which leave clients and advisers at risk.

He says: “Networks are vulnerable in areas such as debt advice because of the uncertainty over their regulatory status. We are receiving more calls from networks seeking help because with the market for debt advice growing, all intermediaries including ARs are being bombarded with competing propositions some of which are inadequate for client needs and potentially do not protect the adviser from future claims of poor advice.”

He adds: “Networks are rightly very worried by their potential exposure to retrospective claims under treating customers fairly rules. At TCF Debt Solutions, we guarantee that the adviser refers the client to us and the advice the client receives is always from us.

“Unfortunately, many other offerings fudge this issue and leave the adviser vulnerable when advice turns out to be wrong or inadequate. Unfortunately, many debt firms are also just selling one solution to the detriment of the client, so the potential for misselling is also increased. Networks need to know their ARs are protected from potential future claims and working with a firm like TCF Debt Solutions provides peace of mind to network and AR.”


Strong demand for commercial seminar

The Mortgage Alliance says renewed interest in the commercial market has resulted in strong demand for its seminar, to be co-hosted with BuildLoan on April 21.

Guilty parties

Amid the stream of bad news it warms Mole’s heart to hear a happy tale so he was pleased as punch to find that the folk at the Financial Services Authority didn’t miss out on the festivities at Christmas time.

Inflation turns negative

For the first time since March 1960, annual inflation measured by the Retail Prices Index – which includes housing costs such as mortgage interest payments and council tax – fell below zero to -0.4%.While the Consumer Prices Index annual inflation – the government’s target measure – fell to 2.9% in March, down from 3.2% in […]

A guide to auction finance in 2017

By Matt Tooth, chief commercial officer, LendInvest Over the coming weeks, property auction houses across the country will begin sending out their catalogues to prospective buyers in time for the first auction series of 2017. It’s an exciting time for investors, well aware of the opportunities the properties on the lot sheets offer them and […]


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