out of the blue arrears demand

Kimitatsu

GOING OFF-TOPIC


Hi, Martin’s asked me to post this in these circumstances: While it’s easy to wander off-topic that often prevents newbies finding the information they want quickly and easily (please see this rule). Please keep this thread on topic. If you’d like to discuss non-MoneySaving related topics please continue your discussion in The MoneySavers Arms or Discussion Time. If you have any questions about this policy please email [EMAIL="%20abuse@moneysavingexpert.com"]abuse@moneysavingexpert.com[/EMAIL].

Think we have answered the OP's original query ladies and gents.

If you would like to discuss this further the Money Savers Arms is serving all through the night - thread closed

kelloggs36

Sidekick wrote: »

Loopy Girl

The IFA would run through your options, quite correct. He/she would then make a recommendation specific to your financial circumstances. This is classed as financial advice as they are allowed to do this as they have sat appropriate exams and are regulated by the FSA.

Yes, they are allowed to do this because they are regulated by the FSA but CSA are not.

The CSA going through your options are doing just that...giving you options. No advice on what is the best course for you is given merely that there are various avenues out there.

Have you received a phone call? I have, and although they were giving options they also gave advice of in respect that, to spread payments over a longer period of time would ease my monthly outgoings.

Lets use an analogy...a frightened 15 year old goes to her local FPC as she is pregnant and doesn't know what to do. Do they a) demand that an abortion is in her best interest (i.e making recommendations) or b) give her a run down of the options and tell her to have a think about what is the best route for her.

1) I think you’re in the wrong forum
2) The CSA only demand, they do not give you time to think of your best route forward.

The answer would be b of course and that is exactly what the CSA re doing...giving people choices...not financial advice.

They do not give choices, you have to pay or face the consequences. Asking you to borrow from other sources without knowing your financial position is irresponsible. So would you like the option NOT to pay at all then? That is silly - it is a debt which must be paid, your argument suggests that it is a choice, which it is not. HOW you pay is your choice though. They aren't asking you to borrow, they are asking you to consider whether you can borrow - your choice and your decision. You need to know the consequences of not paying.

Sidekick

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