Borrowers Looking For Advice On Loans More Than Ever
Since the credit crunch and the recent global economic slow down, many individuals have become far more wary of banks and other loan companies and in addition to this, have become more cautious about applying for any type of new loan or other financial service without seeking some form of professional advice from an independent adviser.
However, due to the adverse conditions in the loan and finance industry recently, a large number of advisers and loan brokers are moving away from the industry, thereby making it harder for individuals to find the independent advice they actually require.
Leadbay, a company which puts clients looking for advice on loans and other matters in touch with an independent adviser, have said that they have seen the number of requests from potential borrowers increase dramatically over the summer, with somewhere in the region of 120,000 new enquiries from individuals requiring advice on personal loans, homeowner loans and mortgages as well as debt management services for those people struggling with the monthly repayments on their existing loans and other debts.
In total they have seen an increase of around 34 per cent on the same period for last year.
Grant Stevens of Leadbay commented on the increased figures, he said “It appears that the clients are out there, but are not looking for advisers in the same way they used to, by walking down the high street or asking a friend who they would recommend.
More borrowers are turning to the internet to find information and then discovering that they really do need advice after all, at this point the borrower is likely to fill in an online form requesting to speak to an adviser. Leadbay is there exactly to act as such an intermediary, putting the borrowers who want help in touch with the advisers who specialise in giving advice in that area.”
