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EuroDebt partners with Mortgage Force to deliver non-borrowing debt solutions

12 January 2010

EuroDebt Financial Services, has partnered with specialist mortgage and insurance provider, Mortgage Force Limited, to provide their franchisees the facility to provide alternatives to those clients struggling to re-finance and to maximise revenue streams

The partnership sees EuroDebt offering a full range of debt solutions through the mortgageforce franchise network, including Debt Management Plans, IVAs, Bankruptcy Assistance and Protected Trust Deeds.

The partnership is key to allowing brokers to retain client relationships and potentially re-prioritise 'protection' cover that may have been dropped by the client.

Kevin Duffy, Managing Director, Mortgage Force Ltd, confirmed:

“We share a lot in common with EuroDebt's business model and this partnership will enhance our client proposition. EuroDebt are the only Debt Management Company integrated into Trigoldcrystal's Prospector application and the ease of referral is a major consideration along with their personal and ethical approach to consumers facing financial difficulties. Their model endorses our own philosophy to provide a personal, face to face service.

“The strength of the EuroDebt national service was also important to us, offering our brokers good local access to debt advisors. Trading history is important and EuroDebt are able to demonstrate excellent acceptance and retention rates for both their DMPs and IVAs, with specialist Insolvency Practitioners in each legal jurisdiction we operate in.”

Commenting on the partnership in extending the access to debt solutions to the mortgageforce field team, Vance Parsons, Director, EuroDebt said:

“We strongly believe that you have to work with brokers and IFAs at a grass roots level to be able to be able to deliver integrated debt solutions, where the trust and empathy established in the broker meeting is carried forward without duplication of effort.

"We hold many joint meetings with prospective clients where both the financial and debt advisor are present. We aim to continue the joint initiatives to ensure a successful rollout of this strategic relationship.”

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