There are so mnay iffy debt management companies out there!! Please can anyone confirm if Belmont Financial Management used to be called Kensington are safe to set an IVA up for me???
Can't say I have heard of them, but my advice would be to speak to a few firms and compare advice and your "feel" for them.
Looking at their website ( which appears to have a goldmine of information) they appear to be introducers, so they will sort out your details and pass you to another firm with an IP to actually handle the IVA.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Can't say I have ever heard of them either but regardless you should always take a second opinion. Speak to the independent professional sector and even consider advice from the bank funded 'charities' and go with whoever you feel most comfortable with.
Kensington sold their client base and trading style, on DMP's, to another company so they effectively no longer exist. Belmont are a new DMP company, effectively starting again from scratch. If suitable for an IVA, and that is the route you choose, you would be passed to their insolvency arm, Knightsbridge. (Knightsbridge are, as far as I am aware, a reputable organisation). There should be no reason, in that scenario, why you should be expected to pay anything to Belmont as you wouldn't be embarking on a DMP. Of course, I do not work for them, so they may operate slightly differently than I have outlined, but if it is an IVA you are looking at then I would echo the advice to speak to more than one organisation, and there are plenty of companies out there who won't expect you to pay in advance of any creditors meeting.
Regards.
Cert DR
23+ years in debt advice
I do not post for anyone other than myself
