News and Updates

Product Update
Product updates for December (more...)
Wendy Powis, 05 Dec

TMA expands secured loans panel with Promise
The Mortgage Alliance has announced the addition of Promise Solutions to its secured loans lending panel. (more...)
Steve Walker, 05 Dec

White Label withdraws from market
White Label Loans has withdrawn from the secured loan market for the foreseeable future (more...)
Wendy Powis, 24 Nov

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Articles

Is that a green shoot?
September could prove to be an interesting month (more...)
Steve Walker, 27 Aug

The Changing Market
Demand for debt solutions rises (more...)
Steve Walker, 17 Jul

Dealing With Debt
Debt management or consolidation looks set to take off (more...)
Steve Walker, 26 Jun

LoanTalk
Credit Crunch questions the way we all work (more...)
Steve Walker, 19 Jun

Mortgage Strategy – MPPI
MPPI – Making the choice (more...)
Steve Walker, 29 Jan

Mortgage Solutions – Mortgage Protection Feature
Brokers and borrowers should also be examining the financial safety nets... (more...)
Steve Walker, 10 Jan

Loan Distributor – Head to Head
Have you seen an increased demand for IVA /debt management products….. (more...)
Steve Walker, 10 Jan

Brokers need to remove HIP blinkers
Brokers need to stop viewing HIPs as an unnecessary imposition and start recognising them as a valuable additional income stream, advises Promise Homepacks (more...)
Steve Walker, 10 Dec

Make a secure choice
Why a secured loan should be considered (more...)
Steve Walker, 05 Oct

Mortgage promotions supports promise loan sourcing software
(more...)
Steve Walker, 01 Oct

Secured loans offer brokers a lucrative additional income stream
(more...)
Steve Walker, 01 Oct

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What is debt management?

  • Debt management is a way of consolidating all outstanding unsecured credit payments into one single payment without taking out further finance
  • Debt management help those customers who can no longer pay the monthly repayments to their unsecured creditors and cannot obtain further finance
  • Customer has one affordable monthly payment to pay the debt management company on a date they specify
  • This is not a loan and customers will not receive any funds
  • Debt management will affect your credit rating and may lead to defaults as customers will be in breach of their original agreements with their creditors
  • Debt management can only deal with unsecured credit and cannot include Secured Loans and Hire Purchase agreements due to your home and possessions being at risk should you not keep up with the repayments.
  • Debt management will try to get all interest and charges suspended and help prevent further action

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    Registering gives you access to Secured Loans, Mortgages, Unsecured Loans as well as a Debt Management solution, so you can find the right product for your customer from the options available. Read more about Promise Sourcing and Packaging. Register or Login
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