EuroDebt Financial Services has been selected by Mortgage Next, one of the UK's leading mortgage distribution companies, to enhance its range of alternative debt solutions designed for borrowers who have overstretched themselves financially. With total personal UK debt reaching £1.391 billion at the end of October, EuroDebt offers a real alternative to consumers who are not able to remortgage.

Lisa Barber, Sales & Marketing Director at Mortgage Next, says, "The FSA's recent warning that 1.5 million borrowers may find it 'difficult if not impossible' to find an affordable remortgage deal next year, makes it important for us to be able to offer our clients viable alternatives. An increasing number of our clients may need specialist debt management advice in 2008 and our partnership with EuroDebt means we can deliver that service."

Under the new agreement EuroDebt will be offering its Debt Management Plan through all Mortgage Nexts' brokers. EuroDebt focuses on finding the right debt solution for an individual through a highly personalised service, including an initial face-to-face meeting. Working closely with individuals to create a proactive plan to deal with defaults and court actions, EuroDebt helps consumers manage their debts and take control of their finances.

Kevin Still, Director, EuroDebt Financial Services concludes, "This is a key agreement for us, further strengthening our portfolio of partners as we continue to meet the needs of the changing marketplace. We are delighted to be working with Mortgage Next to support its intermediaries with our Debt Management Plan. This means they can offer their clients an effective debt solution whatever their situation."

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