Plus it's easy to pick one review that's bad, totally ignoring the majority on that site for DFD that are 8* +. All companies have bad moments but if you actually look the majority for that company are above average.
I'm still lost on this "Mis-sold" IVA nonsense as well.
You need help, you contact a company, they offer a proposal to you, you decide to accept or not accept based on the information contained in the agreement.
If you sign the document then how can you claim it was mis-sold?? The IP fees are clearly stated, the terms and conditions are also all VERY clearly stated.
If you didn't bother to read it, then later complain you only really have yourself to blame.
I can understand people saying "but under financial stress I just signed it" but it's basically a court bound agreement. Would you sign any legal document without reading it??
Secondly, as Ginger says, any company that is involved in insolvency that has the record that Jefferson Hobbs do (liquidated, put into administration and then into a voluntary agreement) would automatically be removed from my list of companies to approach... but hey.. that's just me...
Last edited by animaleyes76 on Tue Aug 23, 2011 11:56 am, edited 1 time in total.
Hi
Bankruptcy may not be a better option because of the three year payment agreement that will be set, you may end up paying more into bankruptcy and when you factor in the costs charged you will be no better off than if your IVA had run it's full term.
Think carefully before opting for bankruptcy
Regards
Companies like these are no more parasites that the IVA companies who may not trawl the Insolvency Register but send unsolicited texts and emails to the masses telling how lawful it is to use new government legislation to remove unwanted debt and pay only what is afforded. Firms like Jefforson are useful in that people in debt can often learn what the IVA company will fail to tell them. I agree with Skippy that people need not pay these companies for their service, the clever ones listen to the information and act themselves. With the internet all information can be verified using the Insolvency web site and info freely available from the debt charities. To tell the poster to cancel the appointment is like saying we know what is best for you, they do not not, when in truth no-one knows the posters circumstances. I have yet to meet a debtor screaming from the rooftops having been duped into losing their IVA for a better solution. I would have the meeting keep an open mind and research what is said to you, knowledge is a wonderful thing.
What Andy said to you may be correct but what he forgot to say is that the bankruptcy will not fail if the three year agreement, (if there is one) can no longer be afforded which is the main reason 30% to 40% of IVAs fail.
Daniel, the poster was advised to cancel the appointment and speak to their IP. The advice was to deal with any problems with the person who knows their circumstances best.
Unless you belive the OP to be a mug, you'll be grateful that they aren't wasting JH's time as like you say, anyone with any sense can go BR for free.
I'd always thought these BR assist companies were just on the prowl for profit by cannibalising the insolvency sector and saying whatever's needed to flip the client as it was cheaper than finding clients in genuine need of help. I didn't realise you were a public service intent on raising awareness of the number of dodgy IPs out there (the highly qualified and regulated ones)! ROFLMAO
Nice detective work ST1100 however if you google our address you will also see we are the Stoke office for an International firm of Insolvency Practitioners however I am sure your post was not to discredit my opinion, after all opinions are freely respected on this forum are they not
As you will appreciate that we are entitled to ours as well.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Regardless the rights and wrongs of an IVA or Bankruptcy - Any company that uses information from the Insolvency Register to gain business and make money from people who are already dealing with their finanical problems and who may be vunerable,shows that they are both unprofessional in every sense, and have the morals of a common garden slug !!!
Last edited by ginger3232 on Tue Aug 23, 2011 2:22 pm, edited 1 time in total.
I completely agree ginger! If people want to use these sort of companies and approach them that's one thing, but for them to use the insolvency register for this purpose is immoral.
I think it is fair to say that there are good and bad IVA companies, but that applies to companies in all industries.
My opinion of the company we went with is far from favourable given that they took 11K from us and our creditors only got £3K of it. One of our creditors only received something like £60 during more than two and a half years that our IVA ran before failing.
Still, you live and learn and whatever I do, I won't be sorting out my debt problems with another IVA company who take all their own fees up front before they start passing our money on to creditors.
Great Post but that is how an IVA works,the supervisor dips into the pot before anyone else if it goes the distance then great but if it fails it is one hell of a costly mistake, what did you do after the IVA failed?
