Blu Debt Management has teamed up with Paymentshield to help advisers to better assist their clients with their current debt problems and protect them in the future.

The two firms will carry out 18 joint seminars for mortgage advisers and IFAs throughout the country. The seminars will help advisers to provide solutions for their clients with debt problems and will illustrate how they can use targeted insurance products to help clients.

Once an adviser has reduced the cost of a client’s unsecured debts to a manageable level, the client is able to reinstate many of their insurance policies which have usually been cancelled. The adviser then receives an ongoing income from both the debt management policy and the insurance.

James Briggs, sales director at Blu Debt Management said: “Demand for debt advice is growing rapidly as the mortgage market remains restricted