Promise Debt Solutions
Why Promise Debt Solutions?
Promise Solutions pay you more.....
We will pay you 75% of the initial months fee received from the client - the industry average is 50-60%
.....charge your client less.....
We charge 11% per month for administration costs, and cap it at £90
Most of our competitors charge 15-20% and don't have a cap.
Our initial fees are 2 times the client's monthly disposable income
Most of our competitors charge between 2 and 5 times
…give the creditors more…
There is another key partner in Debt Management, the creditor. Less money charged by Promise means more going to creditors, which means fairer, shorter and more robust plans for your clients.
…and have the experience to deliver
Promise has not just been set up in the last few years to make a quick profit from a downturn, Promise Debt Solutions have been established for 6 years and therefore our service and customer satisfaction is proven.
As the leading provider of Secured Loans to intermediaries we are also able to look for the most suitable solution for your clients.
Not the industry average
Promise are different. We put your customer at the centre of everything we do.
- There will be no cross-selling of any financial product or service (unless you want us to)
- You will retain life time ownership of your customer
- We work in conjunction with the Common Financial Statement, which is backed by the Money Advice Trust
- We are committed to TCF
- Dedicated Broker Services Team to help you
Commission Structure
Debt Management
You are paid 75% of the first month's disposable income. On average this is up to £250 per client that goes on plan.
IVAs
Promise will pay you 75% of the total fee received from the IVA practitioner. This equates to £750 commission to you. The fee will be payable once the IVA practitioner has paid us.
Trust Deeds
Promise will pay a commission on trust deeds of £500.
Full & Final Settlements
Promise will pay you 50% of the final fee, which can vary from case to case. The fee is paid on completion of the settlement.
