Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

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

  • 14-04-2016 10:34pm
    #1
    INeedHelp15
    Registered Users, Registered Users 2 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: 17,861 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, Registered Users 2 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: 17,861 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.


  • Advertisement
Advertisement