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Posted: Fri Mar 07, 2008 10:14 am
by Sandra.t
I am in a lot of debt and have been provisionally advised that an IVA is the best option by Moneyexpert.com.
does anyone know if this is a reputable company or could anyone recommend another?
Posted: Fri Mar 07, 2008 10:18 am
by ianmillington
Hi Sandra and welcome.
When you say "provisionally advised" is that the conclusion of the website or have you spoken to someone?
Ian
Posted: Fri Mar 07, 2008 11:35 am
by Sandra.t
I have been told by the person I spoke to yesterday (the first time I had spoke to them) he advised that it might be the best option.
They have also asked me to give them a cheque (£250)paid payable to myself to show my creditors I am willing to pay. Is this normal practice?
Posted: Fri Mar 07, 2008 11:40 am
by ianmillington
Hi Sandra
I would not send a cheque to someone you have merely spoken to over the phone. At this point you do not appear to have been properly assessed as to whether an IVA is the right thing for you. You shouldn't make any payment to anyone until they have done the proper due diligence has been done on your finances, and then made a formal and proper recommendation to you.
Ian
Posted: Fri Mar 07, 2008 11:45 am
by size5
I would echo that sentiment entirely, at the very least you should wait to see things in black and white before coming to any decision for yourself.
I would also encourage you to talk to2 or 3 different companies to get a balanced view of all your options. You may wish to visit
www.iva.com to have a scout round and read some reviews for yourself.
Posted: Fri Mar 07, 2008 3:21 pm
by go_4_broke
Hi Sandra
I think the £250 cheque is more likely for showing your goodwill to Moneyexpert.com. I doubt your creditors will see a bean of it. Short answer - go elsewhere.
Posted: Fri Mar 07, 2008 4:02 pm
by Sandra.t
I have taken advice and gone elsewhere
Posted: Fri Mar 07, 2008 8:58 pm
by Adam Davies
Hi
Moneyexpert.com,isn't that Martin Lewis's site ? Thought he didn't like IVAs ?
When you say that they wanted a cheque made out to yourself did you mean to moneysaving expert ?
Posted: Fri Mar 07, 2008 9:05 pm
by Reviva UK
Hi Andy
The guy on TV - Martin Lewis's site is
www.moneysavingexpert.com
of interest?
MONEYEXPERT LIMITED
UNIT 6 THE PARKS
LODGE LANE
NEWTON LE WILLOWS
MERSEYSIDE
WA12 0JQ
previous catchy names are
FOLLOW AROUND LIMITED
BLAYS HOLDINGS LIMITED
Posted: Fri Mar 07, 2008 9:20 pm
by Soulgrowth
Sandra ... I have very much learnt to go with my intuition in dealing with my own journey of addresing my debt problems ... if it doesn't 'feel' right it probably isn't.
You could do a lot worse than to ring Melanie's team ... Melanie Giles is one of our experts here and does a heck of a lot for a lot of people ... and she is very 'real'.
Good luck and please stay in touch and let us know how you get on.
With best wishes
Debbie