Is Money in Control a reputable company? I really need reassurance.

Get expert opinion. This is the place for new questions to be posted.
11 posts Page 1 of 1

maryon

User avatar
Posts: 1
Joined: Thu Jan 11, 2018 4:27 am

Post by maryon » Thu Jan 11, 2018 4:27 am
is Money in Control a reputable company?, is there something that I should know about this company?, will I be safe entering into an IVA through this company? I really need reassurance, can you help?
thank you

Keith White

User avatar
Industry Expert
Posts: 204
Joined: Tue Aug 01, 2017 3:19 pm

Post by Keith White » Thu Jan 11, 2018 7:27 am
Hi Maryon, I'm afraid I'm not aware of Money in Control - hopefully others who post will have some knowledge/experience. Our general advice is to speak to 2 or 3 different companies for help/advice and then make a decision as to which you feel happiest with.
Keith White, IVA advisor at iva.com
Contact me at http://www.iva.com/about-us/keith-white

FormerlyST1100

Posts: 296
Joined: Wed Feb 08, 2017 8:29 am
Location: UK

Post by FormerlyST1100 » Thu Jan 11, 2018 7:42 am
I cannot find any sign of that company with the Government Companies House.

If it was myself I would avoid them, especially as there has been a post on here about them a couple of years ago cold calling someone already in an IVA.

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Thu Jan 11, 2018 7:43 am
Hi. I am afraid that I can only repeat Keith's post. I have not heard of Money in Control. I will do a little digging and see what I can discover. Hopefully some of our other posters have direct experience.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014

kallis3

User avatar
Forum Expert
Posts: 77170
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Thu Jan 11, 2018 8:55 am
I can't even find a website for them!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk

kallis3

User avatar
Forum Expert
Posts: 77170
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Thu Jan 11, 2018 8:57 am
As a point of interest - were you cold called?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Thu Jan 11, 2018 9:02 am
They are apparently FCA accredited, but this is third hand. They have a reputation for agressive cold calling but also seem to have a few happy clients. Personally I would avoid cold callers / ambulance chasers.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014

kallis3

User avatar
Forum Expert
Posts: 77170
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Thu Jan 11, 2018 9:13 am
Same here - I'd go with a reputable firm - you can find plenty on here.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Thu Jan 11, 2018 9:15 am
They are FCA regulated and trade under a few guises:

Registered Debt SOS Limited 22/03/2016
Trading Control My Money 15/08/2016
Trading Debt Advisor Scotland 17/07/2017
Trading IVA Advisory Centre 05/04/2017
Trading Money In Control 22/03/2016
Trading Simple Debt Advice 16/08/2016

They appear to be an introducer, so you will be handed over to an Insolvency Firm in due course.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014

kallis3

User avatar
Forum Expert
Posts: 77170
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Thu Jan 11, 2018 9:51 am
I imagine they will be charging a fee for the 'Introduction'. I wonder who they pass them on to.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk

Lisa Thomas

User avatar
Industry Expert
Posts: 7759
Joined: Wed Dec 03, 2014 10:26 am

Post by Lisa Thomas » Thu Jan 11, 2018 12:56 pm
Steer clear of introducers - go straight to an IP and cut out the middleman.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
11 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”