Payplan

[MelanieGiles]

Don't believe that they are not making any money for themselves. They have overheads and staff to pay just like the rest of us! Of course they are paid by their clients - their clients are the banks themselves.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[Helper and Seeker]

Don't believe that they are not making any money for themselves. They have overheads and staff to pay just like the rest of us! Of course they are paid by their clients - their clients are the banks themselves.

I know very well who pays their bills and over heads and thats my point.



Just started my IVA as from 12.10.07

[Adam Davies]

Hi
Let's remember that both CCCS and Paylan have fairly rigid expenditure guidelines.
When contemplating a DMP you have a choice of paying 100% of your debt[but if I have read Insols post correctly part of that debt will have been inflated by 15%] under CCCS or Payplan but your expenditure will be tight or pay 115% of your debt,plus your whole first payment, with a fee paying DMP but have a less rigid,more affordable expenditure figure.
For me it comes down to affordability and service,I have no experience of CCCS or Payplan directly but know that affordability is the key to a successful debt solution,whether it's a DMP or an IVA.
Regards


Andy Davie
IVA.co.uk Spokesperson and Website Manager

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[johnt]

Hi
Let's remember that both CCCS and Paylan have fairly rigid expenditure guidelines.
When contemplating a DMP you have a choice of paying 100% of your debt[but if I have read Insols post correctly part of that debt will have been inflated by 15%] under CCCS or Payplan but your expenditure will be tight or pay 115% of your debt,plus your whole first payment, with a fee paying DMP but have a less rigid,more affordable expenditure figure.
For me it comes down to affordability and service,I have no experience of CCCS or Payplan directly but know that affordability is the key to a successful debt solution,whether it's a DMP or an IVA.
Regards


Andy Davie
IVA.co.uk Spokesperson and Website Manager

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

Andy, that's a very good point, well made. This should be the greatest consideration when applying for an IVA or DMP. There's no doubt that both Payplan and CCCS are well respected for there presence in the IVA marketplace. Payplan particularly since historicaly they were set up to help public service proffesionals.

Of course there are a number of very good IVA proffesionals who give up so much of there time to this site also.

Peace of mind as well as the financial challange and cost of having ones debts managed by a third party is very important.

[Skippy]

One question - why are people happy to pay an IP for an IVA but expect a DMC to work for nothing?

If I was looking for a DMP I would be very unlikely to use either CCCS or Payplan as their expenditure is far too rigid. Before everyone jumps down my throat I appreciate that both companies do a good job, but I have a problem with their attitude that my expenditure must be the same as my next door neighbour just because we are both living with someone with no children. I would want to go to a company who would listen to what I actually spend, not what they think I should. I would also apply this to IVAs as well.

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/

[MelanieGiles]

Well said Skippy and I entirely agree with you. As we say in the accountancy profession "There is no such thing as a free lunch!".

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp