My experience with PP was that when it came to the review they wanted additional money for this very reason backdated to when the rise occured. So don't go spending it.

I have no idea how the companies work but they should not push debt solutions if it is not right for the poster. I don't doubt there are bad debt companies, we read about them on here but thankfully they are in the minority. Of course they shouldn't but this is real life and ultimately they are not...

I'm sure the experts on here will disagree with you Scott and I know that they all give free and impartial advice about all of the options available. I was in a DMP for 18 months as well having been told an IVA was not an option as I had too much DI for one. Ironically I now pay less into my IVA th...

These days you are much more likely to lose your house as the OR keeps hold of it until 2 years 3 months into the BR before looking at things again. You will also pay an IPA if your DI is over £20 a month so things have been considerably tightened. I would most definitely have lost my home as there...

Well, I have no home to lose and no-one in their right mind would want my car! I could save thousands, too, by going BR. However, I have chosen not to, and I wasn't spun any scare stories. My feeling is that it wasn't necessarily the IVA that was wrong but the Company dealing with it. I appreciate ...

Scott, I was actually told that bankruptcy was my best option, IVA second and DMP last. Interestingly the company would have actually made more out of me from the last advised option and less out of the first advised! For my own reasons, I chose to pursue the second option. Thats fine. I also spoke...

Apart from one who told me my only choice was bankruptcy (not an option) the company I chose gave me all the options and made sure I understood them all. It was then up to me to choose the right one for me. I'm sorry you had a bad experience but the vast majority of posters on here are happy with t...

I agree as well. It is down to the individual OR or IP. However, an IP will not push an IVA just to get their fees, all options will be discussed and the choice is then up to you. Nobody forces you down a particular route. Have to disagree. They may be bound to explain all options but they can cert...

Best to go to the agencies first. You will probably have forgotten some creditors and your credit file will be a good list to work from. They also give you the correct addresses to contact the creditors to have entries changed if necessary.

Experian and Equifax are the two big hitters and they are very helpful. When my BR discharged I asked for certain items to be changed and they really went out of their way to help. Removing associations and helping with the wording on entries until I could get my discharge certificate from the court...

When I declared bankruptcy the OR was very helpful and explained it was if I had £99 disposable income not £20 they would want payments for three years. Sometimes, it is worth remembering that an IVA isn't the best course of action and the companies that set them up get very good fees for pushing t...

When I declared bankruptcy the OR was very helpful and explained it was if I had £99 disposable income not £20 they would want payments for three years. Sometimes, it is worth remembering that an IVA isn't the best course of action and the companies that set them up get very good fees for pushing th...

I was in the same situation. Six months into my IVA, which WAS missold. It is incorrect to say they cannot be. When you are told 'you will lose your home, you will lose your car' if you chose another method. So after that six months I file for bankruptcy. That is now lifted and I kept my home, car, ...

Cash the cheque at a cheque cashing service, or ask HMRC to make it payable to a 3rd party. Not strictly right, but HMRC will do it for you. If this goes into your account it is an asset and is at risk.

It was an employemnt issue. i was under the impression my employers did not need to be told of an IVA and that I could lose my job. My employers guidance states they must be told of either. So rather than paying out 350 a month or so and then handing over potential equity I no longer have to. My emp...