FAQs
- Q: Why should I enter the debt-management sector?
- A: Because there is massive demand and huge income potential for any professional who can demonstrate integrity, compassion and well-developed communication skills.
- Q: What do I need to successfully move into the debt-management sector?
- A: You need a sound working knowledge of debt-management schemes and legislation, personal solvency issues and a working knowledge of the mortgage market. In addition you need at least 3 licensed insolvency practitioners to accept and process (buy) your cases, a specialist mortgage broker and an established provider of unsecured (personal) loans. We provide all of these things and support you by email and 'phone for 3 full months after your training.
- Q: Why can't I simply refer a qualified lead to any licensed insolvency practitioner?
- A: Like every professional group, the standards of service and success rate of IPs vary hugely. In addition, you need a panel of at least three IPs to cater for the wide range of individual cases that you handle. Furthermore, you will quickly find that some of your clients are better served by either remortgaging or by taking out a secured loan. For others, personal bankruptcy is the only appropriate solution. We show you how to identify such cases and how to turn them into revenue generators.
- Q: I'm already aware of IVAs, surely I can find my own way into the sector as an introducer?
- A: Well there is no legal reason why not. However, that route is a minefield strewn with many traps for the uninitiated. For example, how many cases will fail because they've been passed to an inappropriate or inefficient IP? How many cases will you miss out on because you don't have a suitable IP on your panel?
- Q: Can't I simply buy an IVA franchise?
- A: Yes, you can and you can pay up to £25,000 for one but we offer a more attractive solution for less than 10% of that.
- Q: Why should I choose IVA-Tutors for my training and support?
- A: We bring to you the combined experience of several hundreds of IVAs; we introduce you to the 3 proven specialist IPs that you need and we support you for 3 months. In addition, we have many years of experience in sub-prime finance and provide you with the knowledge and introductions necessary to profit from those cases where refinancing is a better solution that entering a formal debt-management arrangement.
- Q: How long does the training take?
- A: We cover the entire comprehensive syllabus at your location in 1 day.
- Q: What do you charge and are there ongoing fees?
- A: Our one-off fee is £1950 and there are no ongoing fees, your investment will be recovered from your first 2 or 3 cases.
View our training syllabus page.
