The Creditor Climate for 2012 – time for a change?
Written on January 22, 2012 – 5:35 pm | by Carleen Anderson
Further to the success of his blog on Lloyds, Creditor Liaison Team Leader, Chris Brown, takes a moment to put fingers to keyboard and finally, tell us how it is.
Photo credit to Pat Pilon
It’s a common experience for many of our debt management clients, that the first few weeks of a plan can be the most difficult. Contact from creditors does not stop overnight and it is during this time that we write to creditors explaining our client/s have chosen to enter into a debt management plan. In order to progress with the plan, we ask creditors for information regarding what is owed to them and then await their repliesand in some cases we can be made to wait for an unreasonably long time while the contact to our client persists.
We understand how stressful this time can be for our clients, so we work as quickly as we can to deal with your creditors and get the process moving; our team are always looking for new ways to make this process as fast as possible but as you’d expect, there are a few obstacles in place to slow us down.
Obtaining information from Barclays, for example, can be like trying to get military secrets out of North Korea. We
Tags: Creditor, Creditor Climate
A court case between millions of businesses and the countrys largest financial institutions could end up leading to lower prices and therefore potentially less credit card debt for consumers.