Promise says Christmas pinch offers consolidation leads

Promise Solutions, the leading provider of both loans and debt solutions to intermediaries said it has launched an initiative to help its introducers capitalise on the consolidation opportunities in January.

Steve Walker, managing director said: “We have over 8000 registered brokers, many of whom are becoming much more proactive. However there are a number of brokers who need help and advice as this proactive approach of cross selling is new to them. We are now working closely together to help generate income streams from their client banks early on in the New Year.”

We know that every year consumers feel the pinch towards the end of January as the credit card bills arrive following the Christmas excesses. This is usually a bumper time of year for consolidation enquiries so now is the time for brokers to start planning a proactive campaign to ensure their clients contact them first. Whilst the mortgage market is restricted it is important that brokers still generate enquiries but ensure they have alternative products to meet the likely demand, including access to whole of market secured loans plus a range of debt solution options for those clients who cannot consolidate through borrowing”.

All Promise’s directly registered introducers have access to a secured loan and debt solution knowledge bank via its website where they will find ideas on how to attract customers and convert them plus all they need to know about the various products. Promise has urged brokers to use the tools available and make best use of the quieter time in the run up to Christmas to take advantage of the increased demand for finance and consolidation.

Walker added: “We are happy to support our brokers to help them develop a successful cross sell strategy and take advantage of the tradition demand in January and February. With average secured loan commissions of over GBP 1100, they need not necessarily worry if they can’t place a remortgage.”