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Webbmaster316

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Post by Webbmaster316 » Wed Nov 07, 2018 2:00 pm
Hello,

I put my info into the Nationaldebt helpline website and got a call almost immediately after submitting the details from a company called Hanover Insolvency. They were really good on the phone but I feel they are being very pushy about getting the ball rolling.

I have also had advice from Stepchange who are in the process of letting their IVA team get in contact.

Now I am at a loss as to what to do. I just feel that Stepchange haven't been pushy at all but it looks like my monthly payments will be less with Hanover but I just don't get a great feeling from them. Has anyone had experience with either of these companies?

Thanks

Foggy

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Post by Foggy » Wed Nov 07, 2018 4:07 pm
Stepchange get very little bad press on here but most firms will be pushy at the start --- "business is business" and, often, by the time someone realises they are in trouble, time is of the essence.

If Stepchange keep you in house there should be little problem, however, they do sometimes (or, at least, have done in the past) outsource to other firms.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

kallis3

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Post by kallis3 » Wed Nov 07, 2018 4:09 pm
Speak to some more companies - the smaller ones are better.
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

luna

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Post by luna » Wed Nov 07, 2018 4:19 pm
Hi,

Stepchange were excellent throughout for us and their in-house IVA dept works exactly the same as any independent firm. I've said it a few times that they never get any issues raised about their service.

Regards.
IVA completed with StepChange.
Last payment Sept 2016 CC Oct 2016

Webbmaster316

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Post by Webbmaster316 » Wed Nov 07, 2018 4:51 pm
luna wrote:
Hi,

Stepchange were excellent throughout for us and their in-house IVA dept works exactly the same as any independent firm. I've said it a few times that they never get any issues raised about their service.

Regards.
Thanks, We have a phone meeting set up on Friday with their in house IVA team.

Mrs_Brown

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Post by Mrs_Brown » Wed Nov 07, 2018 6:53 pm
Webbmaster316 wrote:
luna wrote:
Hi,

Stepchange were excellent throughout for us and their in-house IVA dept works exactly the same as any independent firm. I've said it a few times that they never get any issues raised about their service.

Regards.
Thanks, We have a phone meeting set up on Friday with their in house IVA team.
I had mine set up by them, I was where you are now 14 months ago. I still remember the name of the advisor who phoned me back to gather my full details (i had 2 calls, one was just a quick call to advise what I would need and to book the main one) the guy who phoned me was so nice and none judgemental, it wasn't what I expected at all and such an immense relief once the call was done. I have just had my first review forms through. In the interim I have only needed to contact them once, which I did by email, and everything has been going fine.

Lisa Thomas

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Post by Lisa Thomas » Thu Nov 08, 2018 9:39 am
Do a Google search for local IPs in your area and arrange to have a face to face meeting with them.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk

Webbmaster316

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Post by Webbmaster316 » Fri Nov 09, 2018 3:16 pm
Just been onto the phone with Stepchange and they don't think an IVA suitable because apparently ZOPA reject them all and they own 26% of the debt

Foggy

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Post by Foggy » Fri Nov 09, 2018 3:58 pm
I have not heard this, but it doesn't surprise me. If you can get them below 25% (so close), maybe by allowing a few days interest to accrue on the others, or Stepchange carefully re-calculating using updated and verified figures, assuming all the others say yes, it could be done -- but Stepchange obviously do not want to take the risk.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

Webbmaster316

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Post by Webbmaster316 » Fri Nov 09, 2018 4:36 pm
So the other option I imagine is to either go bankrupt or accrue more debt with the other lenders?

Foggy

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Post by Foggy » Fri Nov 09, 2018 4:43 pm
Webbmaster316 wrote:
So the other option I imagine is to either go bankrupt or accrue more debt with the other lenders?
Perverse isn't it ?! The latter option assumes the other creditors would vote in favour in enough numbers (all of them, as it stands) to overturn Zopa's controlling vote. To be honest bankruptcy isn't the ogre it used to be, as long as you don't have assets to protect and your career isn't curtailed by one.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

Lisa Thomas

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Post by Lisa Thomas » Mon Nov 12, 2018 1:09 pm
Is this a particular reason or reasons you have decided that Bankruptcy is not the best option for you?
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk

Webbmaster316

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Post by Webbmaster316 » Thu Nov 15, 2018 9:15 pm
Lisa Thomas wrote:
Is this a particular reason or reasons you have decided that Bankruptcy is not the best option for you?
Yes because I will lose my Security Clearance for my job thus losing my job. I am now thinking a DMP with Stepchange are the best option. Hanover seem confident they can set up an IVA, unsure why they are so confident if Stepchange are telling me it wont be possible.
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