EuroDebt Financial Services, the UK's largest debt management company that conducts home visits, has been confirmed as the inaugural co-sponsor of new website, www.debtmanagementtoday.co.uk.

Designed to provide mortgage brokers and independent financial advisors with access to a wealth of information and news on the debt management marketplace, EuroDebt Director, Kevin Still, believes the timing of the launch of Debt Management Today is highly relevant to the current economic conditions:

"Although the Bank of England has made steps to slow the economic downturn, there is still considerable pressure on consumers to manage existing credit and debts. Insolvency levels continue to rise and the overall size of consumer debt is now in excess of a staggering £1.4 trillion. Against this backdrop, many financial advisors and mortgage brokers are finding that they need alternative solutions to be able to help clients who are facing financial difficulties.

"If a client's debts are unmanageable, then re-mortgaging may not be an option. Rather than recommending IVA's or bankruptcy, a debt management plan could, therefore, provide a viable alternative. EuroDebt has been working with brokers for several years and our Introducer Scheme, launched last year gives both IFAs and mortgage brokers the facility to refer clients to EuroDebt's debt management plan.

"The EuroDebt Introducer Scheme provides early proof of results for brokers with predictable and attractive introductory commissions paid weekly and on a 'paid when paid' basis. And there are several tiers of Introducer Agreement enabling mortgage packagers and brokers a chance to offer their clients a lifeline out of financial hardship.

"By sponsoring Debt Management Today, we are putting EuroDebt right at the heart of the sector, providing a wealth of knowledge and news to help brokers make the most of this proposition, both to help their clients and to secure an on-going revenue stream. We look forward to seeing the debt management community evolve as brokers and IFAs recognise the opportunities identified by Debt Management Today."

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