Calling all Debt Management Companies!!

[Debtdestroyer79]

Tweet

What do you do with your clients when they have little, no or negative d.i (disposable income)?

Do you refer them on to free organisations like the CAB or CCCS?

Most companies tend to 'bin' these clients and earn £0 from these leads.

We are offering you the opportunity to have these dead leads converted into ££££'s. We are looking to build relationships with Debt Management companies and are offering backend deals worth at least £100 per successful referal.

If you would like to know more about how to earn money from your 'deads', please pm me :-)

Kind Regards

Rizvan

[123debtsolutions]

What upfront fees are you paying?

[LOAN2GO]

We can also help with clients that fail dm criteria our criteria we will allow 1 creditor and £1500 debt level with £100 DI we are not a DM company but do manage debts the OFT have said the way we work is fair for the client and effective we can actually manage a client and get them out of debt.

We can offer back end deals or a upfront payment or blend of both we can take data and hot keys ,data can be called in a matter of 24 hours and a full report produced.

(there not massive because of the low criteria after all where else can you place 1 creditor)
Payments:
£15 - £25 per lead (depends on volumes and delivery type)
£5-£10 per lead upfront and £20 when pack is back (we have pack signers, conv is 80%)
or backend 30-40% of clients first payment min £100 per month

PLEASE take time before you think we are just a DM company we offer a debt reduction service, you will all have heard of CCA, PPI Claims & DM we have used all three to come up with a service for the client that really works.

Please read below:

Debt Reduction Program

The Debt Reduction Programme works differently to all but a few debt solutions companies. The main reason for this is our partners are a financial litigation company as much as they are a debt solutions company.



There is a 4 stage process, each part is designed to enable the expert advisers to understand your needs and work with you to create a programme that is right for you.



The first stage is to determine your creditors and how much you are currently paying to them.
The second stage is to correctly quantify your level of debt. This is never the debt you think you are in. Because we are using a financial litigation company as well as a debt solutions company we can establish how much of your debt can be legally challenged or written off leaving you with far less than you think.
The third stage is to register the debts as disputed with all your creditors and start the process of legally challenging all agreements. This will leave your creditors absolutely no choice other than to leave you alone until the dispute has been resolved.
The fourth stage is to take a fraction of the money you are currently paying monthly to your creditors and start you off on an affordable monthly savings plan to clear your debts. The average debt management plan from most debt solutions companies is approximately 12 years. We can prove that our average clients are out of debt within 10-24 months.


To use an example.
Mr and Mrs Adams from Exeter used our experts we work alongside in November 2007 with over £23000 of debt with 7 creditors and were paying out nearly £1700 per month. They were also £3800 behind with their mortgage.



Their creditors were: Owing:
• I Group for their mortgage. £3800
• Blackhorse for loan number 1 £5400
• Welcome Finance for loan number 2 £4600
• Swift loans for loan number 3 £2600
• Capital One for credit card number 1 £2700
• Egg card for credit card number 2 £2400
• Catalogue debt number 1 £900
• Catalogue debt number 2 £700





The Adams’s had already contacted a well-known debt solution company a month before contacting us who had already completed stage 1 and lessened their monthly outlay from £1700 to £380. This is the monthly amount the couple could afford to pay their creditors.



However because the payment was so low in relation to the debt, little or none of the interest had been frozen or stopped so the debt would keep growing until the Adams’s were in a position to pay the debt off. Even if that takes 11 years or longer.



We now come to stage 2 of our process and established their true debt. After investigation we found that we could claim, refund or write off:

£1104 from I Group for late penalty charges levied on the mortgage account, which are unenforceable, and recoverable by law.
£1952 from Blackhorse for mis-selling a Payment Protection Insurance (PPI) policy, which is recoverable by law.
£1652 from Welcome Finance for mis-selling a Payment Protection Insurance (PPI) policy, withholding secret commissions and late penalty charges which are recoverable by law.
£3950 from Swift Loans for mis-selling a Payment Protection Insurance (PPI) policy and withholding secret commissions which are recoverable by law and because the credit agreement was wrongfully written we wrote off the balance of the loan.
£623 from Capital One credit card for late penalty charges levied on the account which are unenforceable, and recoverable by law.
£523 from Egg card for late penalty charges levied on the account which are unenforceable, and recoverable by law.
£900 from Catalogue debt 1 for not having an enforceable agreement.
£700 from Catalogue debt 2 for not having an enforceable agreement.


Stage 3 is to register and initiate all claims with creditors, and insist that all interest be frozen and all contact with our clients cease as all debts are in dispute. Creditors have to agree because legally they have no choice. This takes an average of 5-8 months to complete all claims and acquire all payments from creditors. In this example we had written off £10054 of the debt they owed. That’s equal to nearly 44% of the debt being taken away.



During this time the Adams’s were completing stage 4 by paying the £380 per month into a savings plan and had saved up nearly £2000. We added this to the money we had acquired and came to settlement figures on all but two of the debts. Moreover by November 2008 the Adams’s will be debt free.



You will not have to deal with creditors yourself and any letters you may receive, you simply forward on to the debt reduction company.

[Debtdestroyer79]

Upfront fee's for what?

[LOAN2GO]

Upfront fee's for what?

I think what 123debtsolutions is saying is what will you pay upfront for the leads with lead gen the most common way to pay for leads is a cost per lead

[Debtdestroyer79]

We're offering backend deals, with a minimum of £100 deal :-)