IVA cases
A referral fee equal to 25% of the nominee fees applied to each completed IVA, or a maximum amount of £500 will be paid to the introducer once a proposal has been approved by the creditors and the first monthly contribution from the client has been received.
Referral fees are payable to an introducer in recognition of the works undertaken to identify and refer the client to TCF Debt Solutions, and in gathering the relevant information.
Nominee and supervisory fees applied to an IVA are negotiated by the Insolvency Practitioner appointed by TCF Debt Solutions during drafting and proposal acceptance. There are no fees applicable in addition to the nominee and supervisory fees outlined in the IVA proposal.
DMP cases
- 50% of 1st monthly contribution and
- £15 per month trail referral fee.
Indemnity Payment:
Payable to the Introducer upon receipt of 1st monthly contribution towards a DMP.
50% of 1st monthly contribution.
Monthly Trail Referral Fee:
Payable to the Introducer upon receipt of each subsequent monthly contribution received in relation to a live DMP until full satisfaction. To qualify for receipt of monthly trail referral fees an Introducer must agree to the terms and conditions below, and maintain an exclusive relationship with TCF Debt Solutions.
£15 per month payable to the Introducer.
A Protected Trust Deed is available to clients residing in Scotland.
A referral fee of £300 will be paid to the introducer once a PDT has been approved by the creditors.
In order to receive both the initial indemnity payment and ongoing monthly trail referral fees applicable to DMP completions, an Introducer must agree and adhere to the terms and conditions defining a "live" agency with TCF Debt Solutions.
We reserve the right to review referral fee structures on a monthly basis.