Get paid to take out an IVA!

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Santa71571

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Post by Santa71571 » Thu Jul 10, 2008 11:33 am
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Just noticed something that I thought was quite bizarre...The DebtLine are offering £250 for taking out an IVA when you go through TopCashBack.

What does everyone think about this?

I feel it's slightly weird to pay someone to start to pay off debts, but then again, I'd have been really glad off £250 when I took out my IVA?

[?]

Would it be classed as a windfall? lol
Last edited by Santa71571 on Thu Jul 10, 2008 11:40 am, edited 1 time in total.
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Skippy

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Post by Skippy » Thu Jul 10, 2008 11:40 am
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Wouldn't the £250 have to be paid into the IVA?!?!?

Seriously, I don't think it's ethical to do this.
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SharonOR

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Post by SharonOR » Thu Jul 10, 2008 12:03 pm
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OOO this sounds really dodgy! How wrong can it be to offer money to people already desperate for it?
Sunshine at last - it is all over!!!
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abc

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Post by abc » Thu Jul 10, 2008 1:00 pm
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It is highly unethical for an insolvency practitioner to pay for business.
Alan Coleman
Licensed Insolvency Practitioner with over 20 years experience and specialist for IVAs for self employed people

www.jmmarriott.co.uk
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kallis3

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Post by kallis3 » Thu Jul 10, 2008 5:20 pm
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Hmmmm, never seen that one before. I'd be very wary of it.

As Skippy says, I think you would have to pay into your IVA, it would probably be the same as the bank charges refunds.

Or, could they class it as a 'gift'?
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
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LoneRanger

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Post by LoneRanger » Thu Jul 10, 2008 5:23 pm
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It might look on paper like they are giving you £250 but i doubt very much you would get a snif of it. I wouldnt even consider using a company offering something like that.
Steve.

IVA approved!
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chardonnay

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Post by chardonnay » Thu Jul 10, 2008 5:48 pm
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Hi,
I'm with the others here -they can't be serious!! You're admitting a debt problem and they offer you money to choose a certain solution, there is a funny smell in the air!!
You need to be sure the IVA is the right solution for you, so I'd ask around (try one of the experts ) and be ully informed.
Good luck,
Hugs,
Chardonnay
Chardonnay
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TheMatrix

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Post by TheMatrix » Thu Jul 10, 2008 5:58 pm
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Surely it would come under a windfall clause anyway?
We're willing to wipe the slate clean, give you a fresh start. All that we're asking in return is your cooperation.
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indebtforever

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Post by indebtforever » Thu Jul 10, 2008 6:48 pm
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do they charge upfront fees and the £250 is a discount?
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Maz

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Post by Maz » Thu Jul 10, 2008 6:54 pm
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They probably take it back in their fees!!!!? [}:)]
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TheMatrix

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Post by TheMatrix » Thu Jul 10, 2008 7:38 pm
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Don't get nought for free these days, there must be a catch
We're willing to wipe the slate clean, give you a fresh start. All that we're asking in return is your cooperation.
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MelanieGiles

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Post by MelanieGiles » Thu Jul 10, 2008 8:23 pm
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Where is this referred to on their website? I do not think that this firm employ insolvency practitioners, they appear to be a firm of "finders". But it would be interesting to see what IP firm is linked up to it, nevertheless.
Regards, Melanie Giles, Insolvency Practitioner
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