According to Paul Brett, Business Development Director at borro, there is a good fit between the two businesses.
He said:
“There is a natural synergy in that both we and EuroDebt are in business to provide financial help to customers. At borro, we specialise in helping clients raise money against assets that they have. Our new relationship with EuroDebt means that their specialists will be able to offer clients a different way of raising money to pay down debt or avoid punitive penalties on other borrowing.
"Being able to raise funds against assets such as jewellery, cars and other valuables, will, we believe provide a new way to alleviating immediate financial problems because we can make funds available within 24 hours.”
Vance Parsons, Director of EuroDebt commented:
“We are looking forward to working with borro introducer and introducing their unique facility to our clients. borro’s ability to generate instant funding provides us with alternatives where temporary funding to overcome immediate cash flow difficulties is a better substitute for the client than traditional debt management.”
