Advice on IVA company

hudleys

We have finally decided to head down the IVA route due to the fact my wife would lose her job if went BR. We have been in touch with Debt Free Direct to make initial enqs but having read some posts we are a bit concerned that this might not be the best company to go with. Does anyone have any experience of DFD or others?.

Any advice would be greatly appreciated.

RAS

Please contact one of the debt charities before you do anything http://www.moneysavingexpert.com/loans/debt-help-plan#help

CCCs do there own IVAs.

And also consider whether you wife can contact her HR anonymously or throught hte union and check the situation. There ahve been two instances when people on the BR forum were sacked for going BR, but both failed to tell their employer until after the deed.

In other instances, peopl have informed thier employer of their problems and kept their jobs despite BR clauses in their job descriptions. One was even helped to go BR by their in-house staff debt advisor.

hudleys

Thanks RAS. Will do some digging.

cleomolly

Hi I too am wondering about Debt Free Direct, I have all the info just looking for some advice on the company themsleves...........

RAS

We recommend that you use one of the debt charities listed here or Payplan.

rog2

rebecca.hobson wrote: »

Hi I too am wondering about Debt Free Direct, ...........

I have heard nothing good whatsoever about DFD - plenty of incidents where they 'manipulate' clients' disposable income in order to make it more attractive to creditors, and many instances of 'failed' IVAs leading, almost inevitably, to bankruptcy.

Take the advice of the Debt Counselling Charities - they will reccomend a reputable Insolvency Practitioner.