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I'm looking to speak with a financial advisor in advance of contacting a PIP

  • 14-04-2016 11:34pm
    #1
    INeedHelp15
    Registered Users Posts: 6 ✭


    Do any financial experts offer a service where I can speak with them in relation to a complicated situation which has led to my mortgage default.

    I understand that a PIP is an honest broker between the bank and mortgage holder but in advance of contacting a PIP is there a financial advisor that can advise me the best way to deal with a PIP?


Comments

  • #2
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,725 Mod ✭✭✭✭Henry Ford III


    No need. Go straight to the PIP. You are paying them, and they'll be on your side.


  • #3
    INeedHelp15
    Registered Users Posts: 6 ✭INeedHelp15


    Henry Ford III wrote: »
    No need. Go straight to the PIP. You are paying them, and they'll be on your side.

    My understanding of a PIP is that they are the honest broker between bank and client and not an advocate on the clients' behalf.

    Im hoping there's someone I can speak to in advance of trying to sort a deal with the bank to advise me on certain issues that an 'honest broker'(PIP) could be conflicted on.


  • #4
    wmpdd3
    Registered Users, Registered Users 2 Posts: 9,625 ✭✭✭wmpdd3


    You could engage 2 PIP, and choose depending on their advice.


  • #5
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,725 Mod ✭✭✭✭Henry Ford III


    INeedHelp15 wrote: »
    My understanding of a PIP is that they are the honest broker between bank and client and not an advocate on the clients' behalf.

    Im hoping there's someone I can speak to in advance of trying to sort a deal with the bank to advise me on certain issues that an 'honest broker'(PIP) could be conflicted on.

    You need to remember who pays who.

    Why would anyone pay a PIP only to have them essentially act as an arbitrator?


  • #6
    howamidifferent
    Registered Users, Registered Users 2 Posts: 1,819 ✭✭✭howamidifferent


    Henry Ford III wrote: »
    You need to remember who pays who.

    Why would anyone pay a PIP only to have them essentially act as an arbitrator?

    Take a look here to find an independent one if you want one.


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