Jefferson Hobbs, is this too good to be true?

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Sarah.wp

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Post by Sarah.wp » Mon Aug 16, 2010 5:26 pm
I really don't know what to do here. We have been in an IVA since Feb 2010 and were recently approached by Jefferson Hobbs to go back to debt management. Everything they said sounded viable, I read the paperwork, and the monthly payments are less. They even say they will clear the debts still owed after 5 years, just like an IVA. But is this too good to be true? I'm 7 months pregnant and the stress of this is making me ill. Please help!
 
 

kallis3

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Post by kallis3 » Mon Aug 16, 2010 5:32 pm
Hi Sarah,

Ignore this letter. The company is just out to make money from you.

They cannot clear your debts after five years.

If you are happy with your IVA then stick with it, if you are having problems then speak to your IP.

Don't have anything to do with Jefferson Hobbs.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
 
 

MelanieGiles

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Post by MelanieGiles » Mon Aug 16, 2010 11:21 pm
Would you seriously default on the protection of an IVA, to go back to the uncertain world of a DMP?

I'd be really glad if they could confirm - publicly - how they could write off the debts at the end of 5 years in the same way as an IVA. Come on Jefferson Hobbs - share your secrets with us!
Regards, Melanie Giles, Insolvency Practitioner
 
 

kallis3

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Post by kallis3 » Tue Aug 17, 2010 8:01 am
I think we'd all be rushing to do a DMP if it were the case, much less restrictive!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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