www.iva.co.uk

Been on phone with Swift financial solutions. And they are going to sort my debts out over 60 months at **£16.16 per week. No up front charge. Is this company a scam or for real. Hope you don't mind me asking. Pete

Never heard of them personally. Take a look on here and iva.com and call some different companies. A phone call costs nothing!

60 months sounds like an iva but there may well be a better solution for you that only talking to a reputable professional will have.

No way is an IVA going to be that sort of money. I would, in any case, avoid cold callers like the plague.

Did they go through an extensive income and expenditure calculation to arrive at that figure ?

Doesn't sound right.

Sounds odd to me too so I would speak to an insolvency firm for a second opinion. The call is free and so is the advice.

Hi

Do you have any further details about the debt solution advised ? Is it an IVA or a Debt Management Plan ?

Regards

I was wondering if it was debt management?

http://www.iva.co.uk/forum/topic.asp?TOPIC_ID=52678

They do appear to have been mentioned on the forum before.

Run away. Cold calling to sort out your debts is a recipe for them to get rich and you to remain in debt!

Paul

They operate under this name as well:

http://howtogobankrupt.co.uk/

Insolvency Practitioner: Fiona Yvonne Rae. Licensed Insolvency Practitioner with the Institute of Chartered Accountants in England and Wales (ICAEW). Insolvency Practitioner No: 13150.

They also have a web site here http://swiftfinancial.org/debt-solutions/ but seem very reluctant to actually state on it what services tehy actually offer.

Historically also seem to have a reputation for cold calling and not taking no for an answer.

As the others have said - I would never go with a 'cold calling' company.

Prefer to do all my own research and luckily found a little gem in Mike Peoples who helped us find the solution to our debt problems!

Hi

This is not a scam - Swift are an introducer and pass cases to us (Harrington Brooks).

It is definitely an IVA you're looking at - I believe we're on of the few commercial companies who will do IVAs at £70 per month, and if i may blow our own trumpet for a minute, we're we're top notch

Hope this helps

So the quoted £16.16 per week is the minimum that you need to make to ensure that an IVA can remain supported by HB and not what the person who posted should expect to pay in total?

Thanks for clearing that one up Dave. Could you please have a look at this thread ? I appreciate that you cannot comment on the forum, but could you have look and see if anything can be salvaged ?

http://www.iva.co.uk/forum/topic.asp?wh ... 819#577789

@ lifenoteasy - the £16.16pw/£70pm would be the total voluntary contribution the debtor would pay.

@foggy - i've just read the whole of that thread. it seems an unfortunate set of circumstances but it looks to have been escalated to our IPs for a formal complaint I can assure you will be dealt with thoroughly. However, as i don't post of here in an official capacity, it would be wrong for me to comment any further on this. Hope you understand

With a certain company pushing for a 23% admin charge from contributions you may understand the interest.

Dave Bowman,

So you work for the same HB as user Michelle.23 is having a nightmare with in this thread ?

http://www.iva.co.uk/forum/topic.asp?TO ... hichpage=1

whilst appreciating you cant comment on specifics of their case perhaps you or a representative could comment on what appears to be a nightmare scenario for one of your former customers, based on the information they have provided ?