Debtmatters ltd

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Post by Phil » Thu Jun 03, 2010 11:55 am
I had a IVA put through by debtmatters 3 years ago, But they went out of business approx 2 years ago and my IVA was transferred yo payplan who have been very good, This morning I was wsatching skysports news when the adverts came on, To my suprise the first advert was Debtmatters who obviously were avertising for buisiness.
Does this mean they have started up again ? Does anybody know?
I know it has no Implications on my IVA but just curious really.


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Post by Lincoln_Guy » Thu Jun 03, 2010 3:00 pm
<s>Are you sure that this is the same company? - I'm sure that Debtmatters PLC sold their IVA book on a couple of years ago so that they could concentrate on the more profitable business of selling consumer credit, however the debtmatters that seems to be advertising now is a Limited Company, and part of Evolution (who also run Creditflex).</s>
Edit! - No I'm wrong, it looks as though Debtmatters PLC was brought back into private hands in 2008 and this is the same company. I guess they must have decided that there's more profit in debt than credit!
Last edited by Lincoln_Guy on Thu Jun 03, 2010 3:14 pm, edited 1 time in total.
I owe, I owe, - so off to work I go...


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Post by MelanieGiles » Fri Jun 04, 2010 12:38 am
I think that that they started doing IVAs pretty much as soon as they sold their earlier portfolio to Payplan and Grant Thornton - but perhaps on not such the grand scale as they earlier aspired to.
Regards, Melanie Giles, Insolvency Practitioner


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Post by IVAexpert » Fri Jun 04, 2010 7:44 am
They sold there back book and then restarted almost immediately. They then were seeking investment to start mass tv advertisements again which never happened so in 2009 made a number of people redundant. They have now secured the investment


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Post by Daveyboi » Fri Jun 04, 2010 2:46 pm
Always scares me sometimes about people saying be wary of people advertising quick fixes etc on TV. My IVA is with The Debt People which has to be one of the most advertised of the lot. Reviews I have read seem to state they are a reputable company thank goodness it could have gone very wrong for me otherwise. Mind you I reserve satisfaction until the completion letter comes through my letterbox lol
DaveyBoi - Just Keep Smiling :)

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