Eurodebt financial services

[wonder]

We are ex directory but still get calls from different people. We are on the list to stop these but still get them.

[David Mond]

I have put the phone by the fire now to stop cold calling!!!!!!!!!!!!!!!

Brill [:D]

Eurodebt are probably the most expensive and non- transparent debt management firm that charges alledgedly upfront fees for DMP's and insist on large referral fees for passing cases to their contracted IVA provider - a firm to ignore please!

[debtmountain]

Hi Paul,..Do you have a CCJ?, reason I ask is because we received a letter from them three weeks after our IVA was approved, did post about this on the forum at the time .the letter said "they would like to help us with our CCJ " by offering us a low affordable monthly repayment.They even knew our judgement number and the date our CCJ had been issued by N Rock..[:0].

We obviously didn't contact them but someone did reply at the time to my post,saying that they used them for a DMP before they applied for an IVA and interest kept being added on and they were never informed about it at the time..It ended up with them having a further debt of eight thousand to pay on top of what they owed...Someone also suggested at the time that perhaps they could have got my details from a trade journal called stubbs gazette?, please correct me if I'm wrong there though experts as it a long time ago since I posted about them, and I may have got this bit wrong..[:)]

[ivas4us]

yes, had a ccj a week after the IVA. But how did they get my phone number its ex directory. Good advice for everyone off David.

[kallis3]

It's possible DM - I've just looked it up online and it will show judgements, bankruptcy's. It's a subscription service, but if some of these companies get one or two people to pay them money then it's paid for itself.

[David Mond]

Don't Eurodebt buy debts as well?

[ivas4us]

I see now. They propose an iva for you say at 30p in the £. Buy the bad debt for say 10p in the £ and make 20p in the £ + nominaition and IP fees.

Bet they are doing well.

[David Mond]

They don't propose one but refer to firms of IP's or a select few firms of IP's!!!

[ivas4us]

but if they get whoever they refer the iva too to drop them the wink on the rate of return of the IVA they can then buy the bad debt at a cost where they know they will do ok.

[johnnybriggs]

They do get a lot of leads through CCJs, if you get a CCJ they will contact you via the Registry Trust list. Incidentally I believe Registry Trust is owned by Malcolm Hurlston of CCCS.

As far as I know most of the advisors for Eurodebt are franchisees, nothing wrong with that in principle, but I don't see how you can ensure consistent training and best practice.

[David Mond]

Johnnybriggs - do you know any of the franchisees?

[johnnybriggs]

No, once upon a time I was considering buying a franchise, I looked at Accuma - then Accuma's franchise arm went into liquidation.

http://www.manchestereveningnews.co.uk/ ... ispleasure

Lucky escape!

I was just going to post a link to the Eurodebt franchise site but I realise it will be deleted but you can google Eurodebt Franchise.

[David Mond]

Thank you