Through adding MoneyPlus Group’s debt solutions to an established financial services portfolio, the network’s member firms are better placed to help more of their vulnerable clients address their debt problems via a range of effective debt solutions, from flexible debt management plans to legally-binding IVAs.
MoneyPlus Group is a founding member of the Debt Managers’ Standards Association (DEMSA), the only organisation in the debt management industry whose Code of Conduct has OFT level two accreditation.
Adherence to DEMSA’s strict regulations and practices is engrained within the organisation, and guarantees fair and ethical treatment for every client, no matter what their circumstances.
Chris Davis, MoneyPlus Group’s CEO commented:
“The regulatory standard of service from DEMSA, is fundamental to our policies and procedures, and was instrumental in securing the partnership with HomeLoan Partnership. We have worked with many brokers, and understand that reputation and integrity are important factors in building these relationships.
“We are looking forward to a long and successful relationship with the HomeLoan Partnership team, where we can bring our expertise in debt solutions to more people and help them regain financial control.”
Stephen Maskens, Director at HomeLoan Partnership, commented:
“With the increase in personal debt in the UK, our member firms regularly speak to clients who have found themselves in an unsustainable position, being harassed by creditors.
“Professional debt management can provide a breathing space to stabilise their financial position and so we established the relationship with MoneyPlus Group to allow our brokers to refer on these clients to a substantial and credible firm, confident of the standards and service they will receive.”
The limited availability of consolidation loans and a decline in remortgage options mean many indebted people across the UK are finding it increasingly difficult to maintain payments on outstanding debts and make ends meet.
The introduction of debt solutions by trusted financial intermediaries, such as mortgage advisors, will help more people deal with their debt and manage their financial circumstances better.
