Offering Debt Management Services through its AR network
EuroDebt Financial Services has been selected by Cotswold Mortgage Services (CMSL) as an approved product provider that is available to their network of approaching 100 Appointed Representatives. With increasing fears regarding the continued rise in consumer debt, house prices falling for consecutive months and tightening lending criteria, the need to consider the right advice for people with known payment difficulties has never been greater.

Chris French, Managing Director of CMSL, says, "We want our appointed representatives to be confident that they can help clients with financial problems and to be able to provide them with the right advice if a regulated financial product is not in their best interests. We expect to see a marked increase in the number of clients that will need specialist debt management advice in 2008 and our partnership with EuroDebt means we can offer that service."

Under the new agreement EuroDebt will be offering its Debt Management Plan through CMSL's website and Appointed Representatives. CMSL are strongly supporting EuroDebt's educational workshops to the broker community in February and March, which can be booked free of charge at www.EuroDebtIntroducers.com/Workshops.

EuroDebt focuses on finding the right debt solution for an individual through a highly personalised service, including an initial face-to-face meeting. This involves working closely with individuals to create a proactive long-term plan to deal with their unsecured debts. This can involve working with the broker to optimise expenditure to release a realistic amount of disposable income to repay creditors.

Kevin Still, Director, EuroDebt Financial Services concludes, "Both CMSL and EuroDebt immediately saw the benefits of collaborating in the current market conditions and we are already implementing a number of joint initiatives for the benefit of advisors and their clients impacted by escalating debt problems."

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