Haringey Council latest to sign-up to Trustfolio Creditor Debt Solutions Platform for more effective and transparent approach to supporting residents in financial difficulty

Trustfolio have named Haringey Council as the latest Local Authority to sign-up to its Creditor Debt Solutions Platform launched earlier this year, with a go live date set for the end of November 2022. The Platform, developed by a collective of experts from across the credit, collections, advice and insolvency sectors, uses the latest fintech to enable simple, secure, flexible administration of debt solutions.

The first-of-its-kind digital tool provides creditor teams in organisations from Local Authorities to financial services firms with a single view of debt portfolios and allows them to automate many of their manual processes without compromising on quality or compliance. It also enables seamless digital communication and engagement with Insolvency Practitioners and Debt Management Companies for increased time and cost savings and, ultimately, better outcomes for the consumer-in-debt. Using the blockchain system of recording information, creditors can be confident in the knowledge that their data is completely safe and secure.

The Creditor Debt Solutions Platform is part of a suite of well-established solutions offered by Trustfolio to support organisations across the whole debt lifecycle from debt solutions providers and debt advisers to regulators and think tanks.

Tohura Haque, Enforcement Team Service Manager at Haringey Council, adds:

“Trustfolio have developed a solution that will provide valuable oversight and transparency to how we support customers entering into IVA debt solutions. We have worked closely with the Trustfolio team over the last few months which provided an opportunity to input into the development of the platform. We believe it has the potential to transform the way we process debt solutions and are proud to be one of the first to put it into action.”

Lee Usher, Creditor Services Director, Trustfolio, says:

“We identified Local Authorities as a key beneficiary of this type of tool as it combines efficiency, security and social value for more effective and responsible debt resolution. This supports the local eco-system for the mutual benefit of all. As early adopters, Haringey Council will help to shape a more proactive and transparent approach to supporting residents in financial difficulty and paves the way for other Local Authorities to follow suit. We’re looking forward to working in partnership with the Team at Haringey to continuously develop and evolve the platform as we understand more about the needs of and benefits to its users and their end users.”

Find out more and get in touch about how your creditor organisation and customers could benefit here.

To find out more about Trustfolio, visit www.trustfolio.co.uk

For media enquiries relating to Trustfolio, contact Peter Wallwork, @ peter.wallwork@trustfolio.co.uk