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In a significant development for the debt management sector, the UK’s leading provider of face to face debt solution services and DEMSA member, EuroDebt Financial Services and equity specialists, Responsible Equity Release have joined forces in a reciprocal agreement to widen the scope of services available to the clients of each business. Under the new agreement, EuroDebt clients who need debt advice will be able to gain access to equity release through Responsible Equity Release. Similarly, Responsible Equity Release clients who are considering equity release to clear debts, but do not meet the basic criteria will be offered expert, face to face debt advice in the comfort of their own home, from one of EuroDebt’s trained and licensed debt advisors.
Equity release is becoming a popular option for people in Debt Management Plans (DMPs) who want to release equity from their home, as part of their overall debt solution. In the past year nearly 5% of EuroDebt clients entering a DMP were over 60 years of age. Vance Parsons, Director for EuroDebt, concludes, “This is an exciting new partnership, which will bring our clients greater choice and support to help them make important financial decisions. Responsible Equity Release delivers a customer focused service, which reflects EuroDebt’s own commitment to helping people take control of their finances. The tough economic climate means this partnership has clear advantages for our clients, as well as bringing EuroDebt’s market leading services to a wider audience.”...Read more here--: CCR Magazine - Eurodebt partners with Responsible Equity Release
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“This report from the Business, Innovation and Skills committee is the culmination of an extensive inquiry within which DEMSA has been an active participant. “It is constructive and builds upon the work that the DBIS, the OFT and the Insolvency Service are already doing. DEMSA will continue to work closely with the industry and other stakeholders to help drive standards higher and improve service to clients.”....Read more here--: CCR Magazine - DEMSA responds to BIS committee report on Debt Management