www.iva.co.uk

we have been approached by jefferson hobbs about entering into a dmp rather than continuing with iva

Ambulance chasers trying to get blood out of you. If you're happy with the IVA stick with it.

In the early days of my IVA they contacted me. They trawl the insolvency register, ignoring the fact that I am registered with the mailing preference service to stop their letters and tried to get me to go bankrupt for a fee that I would have had to pay them for.

we are currently in a iva with debt free direct we had a leeter of jefferson hobbs to say they could help us i rang them and a gentleman called Barry Pitts visited us yesterday(sunday). He informed us that up to £30k could be discharged and also that we might be entitled to some repayment of possible ppi from our creditors on various credit cards and loans. Two questions

1st. Are jefferson hobbs a legitimate and known to yourselves
2nd. Is a five year dmp agreement a suitable solution to our debt problems

Hi Trina,

The only way that you can have any of your debts written off is by doing an IVA. With a debt management plan you will continue to pay until everything has been paid back and there is no guarantee that yu will have charges and interest frozen.

If you are happy with your IVA then continue you with it, if you are having problems then speak to DFD in the first instance.

These firms get your details from the Insolvency Register and they are only interested in making money for themselves.

You can claim the PPI back yourself, rather than pay someone else to do it for you.

I've chosen not to claim it back personally as it would only go to the IVA under the windfall clause, little point really.

Why would anyone think that an insecure openended repayment plan, which would run longer than the remaining time you have left on your IVA, be a better option. Did they tempt you with saying that they could reduce your payments?

I've seen similar outfits on my travels round the web and their very existence terrifies me.

We both had letters from Integrity on Saturday. They were consigned to the recycling bag!

Why do people even contact these firms back or allow them into their homes?? They are absolute scum,and ruin lives.

Paul

People do it because they think someone can help them get out of debt quicker and these firms make it sound easy.

It will be particularly tempting if you are struggling with your IVA. Don't forget that the vast majority will never have found us and won't know any different.

It should always be remembered that if it sounds too good to be true, it most probably is.

I'm just reviewing an IVA ,two council tenants both on benfits one disability living one carers allowance. No assetts no car. Only one owed over 15k one owed 1500 so an IVA company said 'only one solution an IVA. So they were told to pay their benefits into an IVa 198 per month. they live as paupers. Who of you here that says this is correct? Who will say they should NOT go br? How did IVA find them? , trawling of bad creditor data bases. Those in glass houses people! Some of you people sound so clever and self righteous, consider, if you are so adept why are you in IVA I'd take advice from a professional or a successful person only.

I don't think that any of us who post on this forum deserve that reply openmind and I am locking the thread.

I think your username is apt as we should all have an open mind to all debt solutions available to us. We would always advise any post to take case specific advice from a professional and to get 2 if not 3 opinions to ensure impartial advice. The professonal posters on the forum give up their time and expertise freely to not only their own clients to any poster who requires help/guidance. The others here including myself help to signpost to the professionals and offer reassurance and guidance if a poster is unsure but never claim to be professionals.