Hi Dunkynuts, I am sure you've made a very wise choice and you'll get the same excellent service as I had. Thanks everyone else for takIng the time to reply to my post. Good luck to everyone just about to embark on an IVA or those part way through. It's nice to know that there is a way solve these p...

Hi All, I did write recently to confirm that at my variation meeting on 31st August, my Full and Final Offer was accepted. I am still reeling from the excitement of this and I can't believe it is finally all over. However, I felt compelled to write again because since 31st August, I have also receiv...

Hi All, GREAT NEWS!!! My F&F offer has been accepted today so I am finally debt free! It is such a relief and a lovely feeling to know that I can make a fresh start and get it right this time around! I would like to thank Melanie Giles and her wonderful team for all of their help and support and for...

Hi All Just to let you know that Julie had her review call with Payplan yesterday (on hew own) and she has agreed a joint deal for her and Darren at £837 per month. This means that she should (could) be debt free in 69 months. She sounded very upbeat on the phone now that she realises that there is ...

Good advice, thank you. I will advise her to look out for just that and especially with the Payday Loan companies. Payplan did say that they have a good relationship with creditors so they seemed confident that they could get the balances frozen. I just hope they are correct.

I did think that was odd Melanie. I appreciate that 60 months at £880 would be nearly £53k which is only £5k less than her actual debt but the FA also said that the creditors would want the £11k equity in her home too which would mean she was paying £4k over her debt. I just didn't understand this a...

Thanks folks. I will let you know how it goes. X

Hi All, Just a quick update. I met with Julie last night and we made a call to Payplan to explore the options they suggested. As Payplan don't charge fees, there was a significant saving to be had from the DFH example who charge 2 x monthly payments + £70 set-up fees, and then 17.25% of each monthly...

Michael, does this mean that if you were proposing a DMP for Julie that you would not expect her to surrender the endowments and you would expect an agreement to be reached based purely on the disposal income (which has currently been calculated at £500 per month). When the endowments mature, I am g...

Thanks all. The Payday Loan thing is as I expected. I guessed that by the sheer nature of their business that they would not be very forthcoming. I am genuinely concerned that she could end up with much more than she started with there. Michael - you are making some suggestions I don't think would h...

I actually have no idea. She was referred to this company and I think this was their first proposal to her. She has only spoken to them one and was in such a state thatntheynhave arranged to call her again tomorrow. They have taken the basic details and sent her the DMP proposal. My feeling is that ...

Yes, it's that kind of approach that worries me too. They seem to be making things out to be very very easy. I know an IVA is different but none of going through a financial situation such as Julie's (and mine when I started the IVA) is easy. The bad reports I have read have been from people claimin...

Kazzafunk, yes I have googled them but as you have already pointed out, there are as many good reviews as bad ones. My tendency is to focus on the bad ones (which is not always the most sensible thing to do I know). Many companies have bad reviews but this is purely based on individuals circumstance...

I have looked at Payplan on her behalf and they administer DMP's at no fees what-so-ever. Based on Julie's numbers, their website claims that she can reduce the term by 16 months and £8k worth of fees. This feels like a far more sensible solution for her if she wants to go down the DMP route. What I...

Hi Kazzafunk, I am more than happy to do that, I just assumed this would not be allowable. I will give it a go. I have already said that I will speak to DFH for her on Monday morning with the questions I think she needs to raise but I am guessing that if they are trying to win her business, they wil...