A borderline case that requiring an expert touch?

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sonyse2t5

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Post by sonyse2t5 » Thu Oct 25, 2007 3:43 pm
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IVA.com
About your question.
Mike Thomas runs an IVA firm. Maybe he is not an IP if he is not on the IP list. The firm is called Debt wizard.He helps others too.He specialises in Police IVA.

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I read a real life case from an a IVA cmpany owner called Mike Thomas specialising in Police IVA. He has a column in the Police Life Gazzette read by many serving officers and have been on BBC. I aways read his articles.

This case had someone with 27K debt, a £490 payment was affordable.

He said under an IVA minus the fees, 70p to the pound would be on offer. Instead he said a DMP from an agency was the advice -Now that's the right advice. And I wonder how many IVA company would have tackled this and offered a IVA instead?

It just goes to show a fine dividing line exist between an IVA or DMP choice. A skill advisor is so inportant.
Last edited by sonyse2t5 on Fri Oct 26, 2007 11:02 am, edited 1 time in total.
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sonyse2t5

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Post by sonyse2t5 » Thu Oct 25, 2007 3:52 pm
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You lost me there dot?
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Oliver

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Post by Oliver » Thu Oct 25, 2007 4:10 pm
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I think a good rule of thumb is taking the amount of unsecured debt and dividing it by 60. If your DI is bigger than this figure you should be seeking advice as to whether an informal plan is more suitable.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp
Best Regards
Oliver
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iva.com

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Post by iva.com » Thu Oct 25, 2007 4:45 pm
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Hi sonyse,

Thanks for posting this. Did the article mention which IVA firm Mr Thomas works under? I cannot see him on the Insolvency Service list.


Was the article online? If so, could you post the link for it?

Many thanks
Terry Balfour
IVA.com

IVA.com - The IVA Comparison Site
100s of reviews, All IPs and IVA firms rated.

Use our IVA firm comparison tool to find best IVA firm for you:
http://www.iva.com/iva_comparison_1.asp
IVA.com - The IVA Comparison Site
100s of reviews, All IPs and IVA firms rated.

Use our IVA firm comparison tool to find best IVA firm for you:
http://www.iva.com/iva_comparison_1.asp
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iva.com

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Post by iva.com » Fri Oct 26, 2007 1:36 pm
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Hi Sonyse,

Many thanks for your response. I have heard of Mr Thomas as the 'Debt Wizard'. Thanks again for creating this thread.

Kind regards,
Terry Balfour
IVA.com

IVA.com - The IVA Comparison Site
100s of reviews, All IPs and IVA firms rated.

Use our IVA firm comparison tool to find best IVA firm for you:
http://www.iva.com/iva_comparison_1.asp
IVA.com - The IVA Comparison Site
100s of reviews, All IPs and IVA firms rated.

Use our IVA firm comparison tool to find best IVA firm for you:
http://www.iva.com/iva_comparison_1.asp
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