Is Money in Control a reputable company? I really need reassurance.

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maryon
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by maryon » Thu Jan 11, 2018 4:27 am
is Money in Control a reputable company?, is there something that I should know about this company?, will I be safe entering into an IVA through this company? I really need reassurance, can you help?
thank you
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Keith White
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by Keith White » Thu Jan 11, 2018 7:27 am
Hi Maryon, I'm afraid I'm not aware of Money in Control - hopefully others who post will have some knowledge/experience. Our general advice is to speak to 2 or 3 different companies for help/advice and then make a decision as to which you feel happiest with.
FormerlyST1100
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by FormerlyST1100 » Thu Jan 11, 2018 7:42 am
I cannot find any sign of that company with the Government Companies House.

If it was myself I would avoid them, especially as there has been a post on here about them a couple of years ago cold calling someone already in an IVA.
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Foggy
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by Foggy » Thu Jan 11, 2018 7:43 am
Hi. I am afraid that I can only repeat Keith's post. I have not heard of Money in Control. I will do a little digging and see what I can discover. Hopefully some of our other posters have direct experience.
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kallis3
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by kallis3 » Thu Jan 11, 2018 8:55 am
I can't even find a website for them!
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kallis3
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by kallis3 » Thu Jan 11, 2018 8:57 am
As a point of interest - were you cold called?
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Foggy
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by Foggy » Thu Jan 11, 2018 9:02 am
They are apparently FCA accredited, but this is third hand. They have a reputation for agressive cold calling but also seem to have a few happy clients. Personally I would avoid cold callers / ambulance chasers.
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kallis3
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by kallis3 » Thu Jan 11, 2018 9:13 am
Same here - I'd go with a reputable firm - you can find plenty on here.
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Foggy
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by Foggy » Thu Jan 11, 2018 9:15 am
They are FCA regulated and trade under a few guises:

Registered Debt SOS Limited 22/03/2016
Trading Control My Money 15/08/2016
Trading Debt Advisor Scotland 17/07/2017
Trading IVA Advisory Centre 05/04/2017
Trading Money In Control 22/03/2016
Trading Simple Debt Advice 16/08/2016

They appear to be an introducer, so you will be handed over to an Insolvency Firm in due course.
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kallis3
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by kallis3 » Thu Jan 11, 2018 9:51 am
I imagine they will be charging a fee for the 'Introduction'. I wonder who they pass them on to.
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Lisa Thomas
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by Lisa Thomas » Thu Jan 11, 2018 12:56 pm
Steer clear of introducers - go straight to an IP and cut out the middleman.
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