6 critical qualities of a solid debt adviser

Posted by National Debt Help on August 8th, 2019

Being in debt can put you in an incredibly lonely place. You’re faced with a growing pile of unopened letters and unrelenting phone calls chasing you for money.

You need professional advice that you can rely on – the kind that leaves you feeling supported and certain of the path forward.

But not all debt advisors are created equal. Some provide questionable advice, others leave you more confused than when you started.

When seeking out expert debt guidance, here are the six qualities that you should look for…

Expert knowledge

Before lifting so much as a phone or writing out an email, research the company/adviser in question and their credentials. How long have they provided advice for? Are there online reviews/testimonials available? Do they have a presence on social media?

It’s also important for a debt adviser to have a wide knowledge basis of potential debt solutions – from credit products available with mainstream lenders (such as credit card balance transfers and personal loans); to debt solutions suited to those in the most severe of financial situations (such as IVAs, Bankruptcy and Debt Management Plans). This may mean that they have a financial background; they may have worked for a bank or lender in the past, though this isn’t strictly necessary for providing trustworthy advice. Personality, professionalism and an up-to-date, in-depth knowledge of the field are often of far more value than any degree or formal training.

Read more at https://www.national-debt-help.co.uk/six-critical-qualities-of-a-solid-debt-adviser/