Local Debt Advisor/Debt Advisor Skills

bossanova1962

I answered an advert in the Oxford Times - earn £150 - £1000 per job.

The person I spoke to invited me to an interview in Reading this last Saturday.

I turned up 10 minutes before time and was kept waiting - apparently the interviewer had had a heart attack.

I was given a 20 question test - scoring 95%.

Then an interview in tandem with another candidate - my score for this was suprisingly 75%.

The job turns out to be one of following up 15 dedicated leads every week, compiling a fact find sheet concerning their finances, going home to work out the solutions (consolidation, sale and rent back, debt management, IVA, managed bankruptcy), then return to the client to feedback.

Oh, and the company concerned, Local Debt Advisors, have a in house compliance department.

Now, to become one of their debt advisors, you have to train as a debt advisor. To do that you enrol on the only national debt advisor course in the UK, with Debt Advisor Skills, at a cost of £6000 for a 5 day course.

The projected income is £40,000 per annum.

I'd be interested in what anyone else thinks........

Especially as there are free debt advice agencies out there such as National Debtline (notice there is a spoof one too!), Pay Plan, Citizens Advice Bureau, CCCS etc, etc..........

So who is going to pay for debt advice?

Isn't this rather unethical?

RAS

This sounds horridly similiar to those make yourself a property millionaire seminars that used to be touted around. Some people can see a market opportunity in anything.

elfen

I'd be VERY suspicious of a job that means you have to pay for a course of 5 days...especially at a cost of £6k. I'd be inclined to decline...or before, find out how debt advisors are trained....then ask why they don't do it that way

RAS

Nad have a chat with Trading Standards

bossanova1962

I checked out their status with the Office of Fair Trading (OFT) and they have a Consumer Credit Licence but, and here's the interesting thing, OFT are unable to comment on their status.................

But I am deeply suspicious and, think there must be people paying up money for something that may well be a rip off.......

RobertoMoir

If they're litigatious and know how to use google I'd be real careful about using the company name in the same paragraph as phrases like "rip off" unless you have proof.

I'd also sooner drink paint than give any company like that any of my hard earned for a "course".

FraudBuster

LocalDebtAdvisors.co.uk is a trading style of Forbury Financial Limited, registered in England. Registration number: 6703663.
Registered Office: Plaza Building, Lee High Road, London SE13 5PT.

Name & Registered Office:
FORBURY FINANCIAL LTD
PLAZA BUILDING 102 LEE HIGH ROAD
LEWISHAM
LONDON
UNITED KINGDOM
SE13 5PT
Company No. 06703663


Status: Active
Date of Incorporation: 22/09/2008

Country of Origin: United Kingdom
Company Type: Private Limited Company
Nature of Business (SIC(03)):
8042 - Adult and other education
Accounting Reference Date: 30/09
Last Accounts Made Up To: (NO ACCOUNTS FILED)
Next Accounts Due: 22/06/2010
Last Return Made Up To: 22/09/2009
Next Return Due: 20/10/2010
Last Members List: 22/09/2009

elfen

Also, if an employer wanted to put you through a course, wouldn't they pay for it themselves whilst you worked as a trainee, and if the course cost a lot, then either say you stay a certain amount of time or pay it back, or deduct from wages with permission before tax and NI?

Trollfever

Is it being run by reincarnated get rich quick property seminar salesmen?



.

Arwen

Sounds like complete !!!!!!!! to me.The Money Advice Trust trains Debt Advisors

http://www.moneyadvicetrust.org/content.asp?ssid=3

river_cottage

Don't touch them. I can't say any more than that I'm afraid.