Posted: Tue Dec 30, 2008 2:12 am
I thought for my 1,000 post I would briefly tell you all about the Debt Resolution Forum ("DRF") and being its current Chairman I am probably the best person to promote its activities.
Taken from the DRF Website:
The Debt Resolution Forum promotes professional standards for resolving debtors' financial problems, focussed on the quality of advice provided to consumer debtors by all DRF members. This website publishes the standards to which our members have committed and provides a directory to help you find an organisation that meets your needs.
DRF members approach debt resolution by identifying the solution and outcome which is the most appropriate to the financial and personal position of the debtor, while demonstrating to creditors that the proposal made on the debtor's behalf is reasonable and achievable.
The primary purpose and function of the Debt Resolution Forum is to promote professional standards of resolving debtors financial problems, focussed on the quality of advice provided to 'consumer' debtors by all DRF members across the range of solutions which is available from time to time and irrespective of the areas of solution specialisation of individual DRF members.
DRF members approach debt resolution on the basis of identifying the solution and the outcome which are most compatible with the financial and personal position of the debtor, while taking into account the interests of the creditors of the debtor and demonstrating to them that the proposal made on behalf of the debtor is reasonable in the circumstances and is achievable.
I hope the above is of use to all posters being debtors, creditors, experts or whomsoever.
I am pleased to report that the DRF have been pro-active in getting Northern Rock, HSBC and now MBNA in reviewing and amending their criteria and hopefully provided Protocol Compliant IVA's are submitted within the framework of the Protocol then more IVAs will be passed in the future and debtors should have a better chance, where the IVA is the most appropriate solution to have a successful yes vote from all creditors.
Taken from the DRF Website:
The Debt Resolution Forum promotes professional standards for resolving debtors' financial problems, focussed on the quality of advice provided to consumer debtors by all DRF members. This website publishes the standards to which our members have committed and provides a directory to help you find an organisation that meets your needs.
DRF members approach debt resolution by identifying the solution and outcome which is the most appropriate to the financial and personal position of the debtor, while demonstrating to creditors that the proposal made on the debtor's behalf is reasonable and achievable.
The primary purpose and function of the Debt Resolution Forum is to promote professional standards of resolving debtors financial problems, focussed on the quality of advice provided to 'consumer' debtors by all DRF members across the range of solutions which is available from time to time and irrespective of the areas of solution specialisation of individual DRF members.
DRF members approach debt resolution on the basis of identifying the solution and the outcome which are most compatible with the financial and personal position of the debtor, while taking into account the interests of the creditors of the debtor and demonstrating to them that the proposal made on behalf of the debtor is reasonable in the circumstances and is achievable.
I hope the above is of use to all posters being debtors, creditors, experts or whomsoever.
I am pleased to report that the DRF have been pro-active in getting Northern Rock, HSBC and now MBNA in reviewing and amending their criteria and hopefully provided Protocol Compliant IVA's are submitted within the framework of the Protocol then more IVAs will be passed in the future and debtors should have a better chance, where the IVA is the most appropriate solution to have a successful yes vote from all creditors.