Affiliate Information Pack

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					    Baines & Ernst Affiliate
       Information Pack

Contents                  Page
About Baines & Ernst        1
Our Services                2
Some Quick Facts            4
The Affiliate Programme     5
Common Questions            6
Contact Us                 10
About Baines & Ernst
Part of the award-winning Paymex Group – Baines & Ernst is one of the UK’s leading
financial solution companies. To date, we have helped more than 100,000 people
escape the pressures of debt and have managed debts totalling £1 billion.

Established in 1996, our work in the financial sector began with a team of 50
members of staff. Since then, we have grown to become one of the country’s most
trusted providers of debts solutions, with a team of 300 expertly trained advisors on-
hand to help people struggling with debt.

In 2009, Baines & Ernst was approved by the Secretary of State as a Competent
Authority for Debt Relief Orders (DROs) in the UK and Wales, and in 2011, we
approved to provide DROs in Northern Ireland.


Who we are
   -   One of the UK’s leading – and longest established – debt solution providers


   -   We employ over 300 expertly trained members of staff


   -   We have helped over 100,000 people escape the pressures of debt


   -   We have managed debts totalling £1 billion


   -   Approved by the Secretary of State as a Competent Authority for Debt Relief
       Orders (DROs)




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Our Services
We offer wide range of debt solutions including Debt Management Plans and Debt
Relief Orders, plus Individual Voluntary Arrangement, Bankruptcy and Protected
Trust Deed Advisory Services.


Debt Management Plan
Our main service is the Debt Management Plan – also referred to as a DMP. A Debt
Management Plan is a type of debt solution that enables people to repay their debts
at a more manageable rate during times of financial hardship. Baines & Ernst acts as
an intermediary between the customer and the creditor. We negotiate with the
creditors involved to secure better repayment rates for the customer and distribute
payment to the creditors involved in the Plan.


Individual Voluntary Arrangement (IVA)
An IVA – or Individual Voluntary Arrangement to give it its full title – helps people
who are struggling to make repayments to clear and write off debt.

An IVA is a legally binding agreement. This means the IVA provides protection to the
customer as creditors cannot petition for Bankruptcy once an IVA is in place. It also
offers protection to creditors as they are guaranteed a set payment every month.

IVAs typically last for a period of 5 years. During this time, creditors included in the
Agreement will freeze interest and charges and write off any remaining debt at the
end of the IVA.


Bankruptcy
If an individual is struggling with substantial amounts of debt and find themselves in
a position where they cannot afford to repay their creditors, they could be classed as
insolvent.

Bankruptcy is a type of debt solution that enables people in such circumstances to
deal with their debt problems, eventually leading to the individual applying for
Bankruptcy to be freed from their debts after a period of time.

Bankruptcy is a serious matter and should be considered as a last resort due to the
repercussions associated to going bankrupt. Assets including property, businesses
and possessions could be used to repay creditors.




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Debt Relief Order
A Debt Relief Order, also called a DRO, is an alternative to Bankruptcy and is
available to people who have a very low disposable income and are struggling to
repay debts.

Baines & Ernst is one of the few companies approved by the Secretary of State as a
Competent Authority for the provision of Debt Relief Orders (DROs) in the UK, Wales
and Northern Ireland. This means we are approved to provide the Debt Relief Order
service for free.

There is a one-off fee of £90 which is made to the Insolvency Service – not Baines &
Ernst. This also means that a Debt Relief Order is cheaper to process than
Bankruptcy.

The duration of a Debt Relief Order is typically one year – after this time the
individual will be free from all the unsecured debts listed in the Order. During this
period, none of the creditors included in the DRO will be able to take action to
recoup money owed to them.


Protected Trust Deed
A Protected Trust Deed – sometimes called a PTD – helps people in Scotland clear
debts.

Individuals approved for a Protected Trust Deed will repay their debts at a reduced
rate, interest and charges will be frozen and any debts that still exist at the end of
the Deed period – which normally lasts 3 years – will be written off.

A PTD is legally binding solutions that offers protect from Sequestration (Bankruptcy)
– providing the terms of the Deed are adhered to. It also offers protection to
creditors as they are guaranteed to receive an agreed payment every month.




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Some Quick Facts
   •   A Debt Management Plan is the most flexible debt solution we offer as
       our customers can increase repayments when their financial situation
       improves. This means a person can clear their debts in a shorter amount
       of time.

   •   A Debt Management Plan consolidates debt repayments into a lower,
       more affordable repayment.

   •   An IVA typically lasts for 5 years – during this time interest and charges
       are frozen, and debts that still exist at the end of the IVA term will be
       written off. This means an individual could be free from unsecured debts
       at the end of 60 months.

   •   Bankruptcy can free someone from unsecured debts after 12 months.
       Customers are advised to explore other debt solutions before Bankruptcy
       due to the serious repercussions associated with going bankrupt.

   •   A Debt Relief Order is an alternative to Bankruptcy and helps people who
       are struggling on a low income to clear debts.

   •   If you live in Scotland a Protected Trust Deed could help you to lower
       debt repayment as you work towards paying them off. A PTD typically
       lasts for a period of 3 years, during this time interest and charges are
       frozen, and debts that still exist at the end of the PTD term will be written
       off.




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The Affiliate Programme
Baines & Ernst is committed to building long lasting relationships with affiliates that
are beneficial to both parties.

Join our affiliate programme for FREE today to benefit from our wealth of industry
experience and excellent reputation within the debt management sector.

Online affiliates:    Commission per approved application £100

Our online affiliates benefit from excellent commission when an enquiry turns into
an approved application. A valid enquiry usually turns into an application between
12 to 48 hours.

Our programme operates in the UK through the Google Affiliate Network.


Why join?
Here are just a few reasons to become a Baines & Ernst affiliate:

   •   Attractive commissions
   •   Regular incentives and promotions
   •   A wide range of attractive banners and email creative (bespoke requests also
       considered)
   •   30 days cookie period
   •   An open and transparent affiliate programme
   •   Dedicated support




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Common Questions
A full range of questions and answers about Baines & Ernst can be found at the
website. If you have any other questions though, please get in contact us and we will
do our best to answer them for you.

Will credit ratings be affected?
Credit ratings will be affected in the medium to long term following a debt solution
such as a Debt Management Plan, IVA, Bankruptcy, Debt Relief Order, Protected
Trust Deed or Sequestration. However, if debt payments have been missed or have
been late, a person’s credit rating may already be affected.

Do creditors always accept reduced Debt Management Plan payment
offers?
Creditors must treat their customers fairly; therefore if a reduced offer of payment is
made, creditors have to take the individual’s circumstances into account when
deciding what to do. At Baines & Ernst, we have experience spanning more than a
decade and have formed relationships with over 3,500 UK creditors – putting us in
an excellent position to negotiate on behalf of our customers.

Will a Debt Management Plan prevent creditors taking further recovery
action?
We cannot guarantee that creditors will not take further action, including court
action to recover debts. If they do take such action against a customer, we will do
our best to help our customers respond and arrange a suitable repayment that they
can afford.

Do you have to be a homeowner to qualify for a debt solution?
No – it makes no difference whether a person is a tenant, homeowner or still living
with their parents to seek debt help or enter into a Debt Management Plan, IVA,
Bankruptcy, Debt Relief Order, Protected Trust Deed or Sequestration.

Do you have to be in full time employment to apply for a debt
solution?
No. A person only needs to have a surplus income above what they need to live on
and proof of income.




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What debts are included in a debt solution?
Only unsecured debts can be included in a solution, this means personal loans, store
cards, credit cards, bank overdrafts and catalogue accounts. Secured debts such as
mortgages, HP loans, secured loans, council tax, utility bills, TV license or student
loans cannot be included.

Is a Debt Management Plan or an IVA a debt loan?
No - Debt Management Plans and IVAs are not loans. Baines & Ernst neither lend
money, nor pay off debts on behalf of our customers. The repayments are made by
our customers.

Are customers credit checked before acceptance?
No. Since we do not lend you any money, we do not need to credit check.

Do creditors have to accept an IVA?
The decision to accept or reject an IVA is made at a meeting held by an Insolvency
Practitioner with the applicant’s creditors. An applicant will need to get 75%
acceptance by debt value – that’s 75% of the total value owed – for the IVA to go
ahead. If 75% of creditors do not agree to the proposed IVA, then it will fail.

Should a person entering a debt solution tell their partner?
It is advisable that a person tells their partner – especially if they are entering into an
IVA as their partner’s income may be factored into the expenditure details.

Will IVA customers have to release equity from their home?
IVA customers may have to release a proportion of any available equity in any
property they own as part of their overall contribution to their creditors. This will
usually happen after the 4th year of the IVA and is dependent on their personal
situation.

Can an IVA be cancelled once it is set up?
No. An IVA is a legal process and therefore cannot be cancelled if a person changes
their mind.

How long will an IVA last?
This can vary, but it usually lasts for 5 years.

Will interest and other charges be frozen while the IVA is being set up?
No, but any such interest and charges will be covered by the IVA when it is approved.




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Can a person declare themselves bankrupt?
Creditors may file a Bankruptcy petition (Creditor’s Petition) if a person owes them
more than £750. However, in order for a person to declare themselves bankrupt
they must firstly fill in a Bankruptcy petition (Debtor’s Petition). Once the petition
has been filed, a court date will be set for an initial hearing. This first hearing will
decide whether or not a Bankruptcy Order should be made.

How much does it cost to go bankrupt?
The Court Fee of £175 (if a person receives means tested benefits they may be
exempt or be able to pay a reduced fee).

The Official Receiver Fee or Deposit of £525

If a couple are both applying for Bankruptcy, you will each have to pay separate fees.
Baines & Ernst’s sister company Baker Evans can provide an optional Bankruptcy
Support Service and charge a service fee of £450 for providing the Bankruptcy
support service.

What assets can be kept when going bankrupt?
Any tools, books, vehicles (if low value) and other items of equipment needed
personally in employment or business, clothing, bedding, household furniture, basic
household items and certain pension entitlements can be kept.

Will creditors agree to a Protected Trust Deed?
Usually creditors want to recover as much of the debt as possible, and with a
Protected Trust Deed, creditors understand that they will recoup much more of the
debt than if a person were to apply for Sequestration. Protected Trust Deeds offer
creditors legal protection and the reassurance that they will receive a proportion of
the debt owed to them; therefore they are likely to look upon Protected Trust Deeds
more favourably. Protected Trust Deeds are subject to creditor agreement, which is
not always guaranteed – so it is entirely up to the creditor as to whether they want
to enter into a Protected Trust Deed.

Will Protected Trust Deed customers have to release equity from their
home?
Protected Trust Deed customers may have to release a proportion of any available
equity in any property they own as part of their overall contribution to their
creditors. This will usually happen after the final year of the Protected Trust Deed
and is dependent on their personal situation.




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How long does a Protected Trust Deed last?
Most last for 3 years; however this depends on an individual’s financial and personal
circumstances.

Are Debt Relief Orders just an easy way for people to run up debts
then get them written off?
No. Debt Relief Orders are aimed at people with little assets and a low disposable
income with no other access to debt relief and no prospect of their current situation
improving. If people do have assets or there is a possibility of an improvement in
financial circumstances, then a Debt Relief Order would not be considered
appropriate for their circumstances and they may be offered an alternative debt
solution.

How do you apply for a Debt Relief Order?
We are one the few companies licensed to provide Debt Relief Orders in the UK and
we provide this service for free.

How much does it cost to get a Debt Relief Order?
The cost of an application for a Debt Relief Order is just £90. If an individual cannot
afford to pay in full immediately they can pay in instalments depending on their
situation. The full £90 must be paid within 6 months of paying the first instalment.
The fee must be paid in full before the official receiver will consider your application.
Baines & Ernst provide the Debt Relief Order for free.

How long does the Debt Relief Order last?
The Debt Relief Order will place a suspension period on the debts owed by the
individual. Creditors cannot take any action for repayment of their debts during this
suspension without the permission of the court. Once this period has ended (usually
after 12 months) the debts listed in the Debt Relief Order will be discharged and the
individual will be freed from those debts.

What are the full terms and conditions of debt solutions provided by
Baines & Ernst?
These will be provided to the customer in writing prior to them entering into the
agreement. A copy can be viewed here.




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Contact Us
If you have any specific questions or queries, please contact Imran Khan at affiliate
@ bainesandernst.com (remove space before and after @).

We look forward to hearing from you!



Ready to Sign-up Now?
Becoming an affiliate is simple and easy. To join our affiliate programme for FREE
today, simply visit www.google.com/affiliatenetwork/joinprogram?advId=K542390
and sign up for our affiliate program. Once approved, you can then place our links
and banners on your website.

The more people you refer to us, the more you earn!




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