Following your almost unanimous response can anyone advise me of anything further I can do ?

[MelanieGiles]

I'm interested to see the trade body's response here - which I don't necessarily agree with. I will take this matter up with the IPA, as we should all know what the right answer to this is.

[Struzzo39]

Glad you got sorted

[Goosed]

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Andy.tw

I am pleased to be able to advise that my story has a happy ending. On the advice that i received, i wrote to DEMSA who are a regulatory authority who DFD are members of. Although i only wrote to them for advice, DEMSA actually treated it as a complaint against DFD and contacted DFD. Although the outcome of the complaint was that DFD were seen to be acting properly, DFD changed their attitude and agreed to propose to my Creditors that i make a further 12 months worth of payments rather than taking out the secured loan over 15 years. This has subsequently been agreed by my creditors - something DFD originally stated would not happen.

I would therefore like to thank everyone for their advice but also their support and encouragement. I should now be clear of my debts in 1 year instaed of 15 years and i will end up paying 7.5 times less going forward.

Great news Andy.tw,

What a relief for you and a boost for those who are approaching the equity release stage of their IVA who may experience the same type of attempt to screw thousands out of them through an avenue they were never told / advised would be a possibility.

At least now anyone facing the same debacle knows there is a process they can undertake to fight such an unscrupulous practice, and at least in your instance the guilty party were shamed into doing the right thing.