Loan Options offering debt referral service

Having analysed their whole of market lender panel, where a case will not fit or the circumstances suggest that a client might struggle to maintain repayments, Loan Options experienced case handlers will offer the intermediary and his client the option to refer the case to Loan Options’s sister company, TCF Debt Solutions.

Andy Moody, Managing Director of Loan Options said, “Consolidation of debt has been the standard weapon of choice for most intermediaries faced with clients wishing to reduce their outgoings on credit cards and other debt. However the lack of appetite for this type of borrowing, allied to lower LTVs and the fall in house values, means that we need to offer intermediaries and their clients realistic alternatives. It is logical that intermediaries should have the option of referring at risk clients to a service designed to offer long term advice on managing debt effectively and avoiding bankruptcy. Treating customers fairly by ensuring that they have access to all the choices to meet their needs is what every intermediary will be offered at Loan Options.”