Petition to stop access to insolvency register

[GetStraight]

Duly signed

[cr15py]

Signed.

[R1chard]

signed.

58 PAYMENTS TO GO..

[debbiw]

I've just signed it x

[johnz]

Question. Isn't publicly displaying all of that info against the Data Protection Act?

Johnz

[zarron]

excellent idea!

[BrassicLintus]

Fantastic idea Andy!!! As you maybe aware I posted a concern regarding how much information is available to any tom, dick or harry, so have signed the petition with pleasure!! [:D]

[Darren]

All signed up and survey done...i wandered how the letters knew my situation???? as i had never contacted the people in the letters...tird stranglers if you ask me lol ;0)

B word not as bad as you`d think ? (im gonna find out soon)Since found out and turned out great!!!

[mikebdomain]

I have signed and posted details about the petition on a few other forums I am involved in.

FREE ADVICE IS THE BEST ADVICE

LEYBRIDGE LIMITED
Mortgage Broker
Specialising in adverse credit.

Firm FSA No:313790
Personal FSA No:MJB01557

see feedback and testimonials at:
http://www.leybridge.com/testimonial.php
Check out my blog at:
http://mikebdomain.blogs.iva.co.uk/
Please read our Initial Disclosure Document(IDD):
http://www.leybridge.com/Leybridge-IDD.pdf

[louisa.s]

Have signed it too but going to try and find one of those leaflets so that I can reply to the other email

Lou x

[MARSHA]

Fantastic idea. I have just signed now.
Thanks Andy.

[CoverItAll]

Andy,

I think seeking to have this access “abolished” could make our views appear to be more extreme, and lead to us “shooting ourselves in the foot”. Seeking to have it “regulated or limited” is eminently reasonable and will bring us much more support. I say this as a Director of a Company that has recently paid £1,420.00 for a year’s access to daily downloads from the Insolvency Register.

The Insolvency Register, just like the information held at Companies House, is public information. It seems to me that the problem lies not in the information being available, but rather the fact that regular electronic updates of it are available in a format that facilitates companies misusing it.

Why not complain to the Secretary of State about these Companies’ failure to abide by the terms they agreed to when given regular updates to the Insolvency Register ?

The following are the relevant extracts from the agreement between subscribers to the daily download service from the Insolvency Service and the Secretary of State:

10.4 The Subscriber shall not hold itself out as being or representing or otherwise associated or connected with the Secretary of State nor The Insolvency Service.

10.5 Without limitation to the foregoing, the Subscriber shall not use or refer to the Secretary of State and/or the Insolvency Service nor to any of their logos in any advertising, marketing or promotional literature or press release or statement without the prior written consent of the Secretary of State.

The agreement also allows entry by someone sent by the Secretary of State to the subscriber’s premises and inspection of its manual and computer records without notice.

If anyone would like a copy of the Agreement in file.pdf format, please e-mail me off Forum, and I will e-mail it to you with pleasure.


John Tegg
www.asu4iva.co.uk
0845 673 9999

We will make all your IVA payments for you if Accident or Sickness stops you paying them yourself.

[Adam Davies]

Hi John
As you know I support your involvment in the insolvency business as you produce a worthwhile and consumer friendly product.However I do feel that the vast majority of companies that use the information are looking to make a large financial gain from vulnerable and under informed people.We have had "The IVA Council" writing to people in an IVA and advising them to stop making payments into their IVA........crazy advice that could lead to an IVA failing.
Also why should my next door neighbour know that I,m in an insovency agreement with my creditors ?
I'm afraid that I would like the register to be abolished or,at worst,regulated and limited
Regards

Andy Davie
IVA.co.uk Spokesperson

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

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

[CoverItAll]

Hi Andy

I don’t think we are far apart in our thinking, I was just hoping to swerve the emphasis a little so that it might be more effective, and have a greater chance of success.

Whether we like it or not, our credit worthiness at any point in time is a factor that is assessed commercially. If you and I were running a finance company, the fact that a loan applicant was either in an IVA or bankrupt is highly relevant to our assessment of their finance request. This is true not only from the finance company’s point of view, but also from the applicant’s. I am sure we would not disagree on the level of culpability of the major creditors in granting loans and facilities that the applicant had not a hope of repaying.

In my company, as part of the underwriting process I need to check that someone is in an IVA, when it started, and who is their IP. That is why I take issue with the work “abolished”.

I have no problem at all with “regulated or limited”, or even how strictly this is applied. After all, we are already registered with the Information Commissioner for Data Protection, hold a Consumer Credit Licence, are Authorised and Directly Regulated by the Financial Services Authority, and for this twice each year have to submit returns on capital adequacy supported by six monthly accounts, have Professional Indemnity Insurance, and are authorised to hold Clients’ monies. Further to that, as we collect by Direct Debit we have to support our Direct Debit Guarantee with personal guarantees that expose all of our personal assets in the event of a claim.

We both want the same thing here, I just think that if we go for “abolished” words like snowball and hell come to mind. “Regulate and Limit” however we can agree on, and pursue with some reasonable chance of success.

Why don’t we combine and lodge a complaint with the Secretary of State on behalf of the person(s) who received the letter from The IVA Council ?

Let’s go get them !


John Tegg
www.asu4iva.co.uk
0845 673 9999

We will make all your IVA payments for you if Accident or Sickness stops you paying them yourself.

[MelanieGiles]

John

Surely you are aware that this register is readily available on Google - and it is this accessibility that is felt to be inappropriate.

There is a perfectly good system in place for businessess who need to know having accessibility to credit information, and if there is a charge to pay then let that be so. We are running businesses and must be prepared to pay these costs.

I use the register every single day in my line of work, and it is so useful to have that information to hand, but I strongly feel that it should not be so accessible for a lot of reasons and would be more than happy to pay £1,420 if this protected the personal information of those people who are bankrupt or subject to IVAs.

But I do agree that the register should not be "abolished" simply subjected to far tighter regulation. After all there is no accessible register for sex offenders, child abusers or persons with other criminal records.



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