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by lee.z
Wed Jun 25, 2008 6:55 pm
Forum: postings for june
Topic: paying creditors direct ?
Replies: 8
Views: 1748

Yes, you are right. The way it was put to me was "this is what you will pay each month and after 5 years you will be debt free" - not once was it said to me about admin fees or equity release in the property. Ok yes it proberley was in the small print but I was so stressed at the time with the debt,...
by lee.z
Wed Jun 25, 2008 6:51 pm
Forum: postings for june
Topic: paying creditors direct ?
Replies: 8
Views: 1748

size5 wrote:

The impression I get from your post is that you were led to believe that there were no fees for an IVA and that you weren't aware that there had to be equity release. Is that correct?

If so, then that is an issue that you must address directly with your provider as soon as you can.

Regards.
by lee.z
Wed Jun 25, 2008 2:31 pm
Forum: postings for june
Topic: paying creditors direct ?
Replies: 8
Views: 1748

I entered into an IVA 12months ago. I believe I was wrongly advised at the time. And due to debts I panicked and signed up. I was told no ADMIN charges would apply, but now they do! - The IVA company are trying to get me to remortgage my house to pay the debt. I feel I have been mis-sold the IVA and...
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