1yr in to my IVA - still confused and angry

Choo_Choo_4

And again ...

This Board....
I thought was for help and support of people considering or already in an IVA.

Would the people who only come on here to slag off IVA's and basically telling everyone who has an IVA that they should go bankrupt as that is the be all and end all of debt management and sorting out, kindly begger off back to the bankruptsy board where there are many people who have come out of an IVA, who claim they were mis-sold, therefore all IVA providers are the devil incarnate and should be stopped. (there are also many people on the BB who dont claim that at all, Im not saying for a minute that there are !!!!)
This board has been troll less since it started - would be terrible if they are allowed to creep in now !!

Charco_2

The point is the people reading can now make a better judgement now that 2/3 sides of the argument are being disected and not glossed over as before. I agree 100% that you pay for a service. But you should have ALL the facts on the service that you choose. I am not here to point the finger to any particular company, what I've seen and heard is pretty much across the board good and bad. But there has been a bias towards IVAs that i simply want to address. Yes you can be clever and say about my hurried typing , I think people are smart enough to know I meant ommision, it dos'nt mean that it dosn't happen and if I can alert people to this blatant and widespread misselling then I'm content to rattle cages. yours most of all , lets face I've prompted you to explain to your own slant lots of detail. That's not for MY benefit I does me no good whatsoever. It's your motives I question my friend.

- Were you smart enough to know that you meant OMISSION?
- This is how you spell "doesn't"?
- I wasn't just being smart earlier when I suggested that you use puncuation - it makes it so much easier for the reader if all your sentences don't run into one another!
- You aint rattling my cage - I love correcting people on the internet! If people on here don't think I've given enough detail to an answer, then all they have to do is ask for further clarification, i'm happy to help... Why would i mislead anyone who comes on here asking for help with their IP? I don't know them and I don't who their IP is. If i know an answer or can offer some support then I will try to give as full an answer as I can.

I would note that it would be more in your line to try be helpful rather than taking pride in trying to raise a niggle - who does that help? I can't think of one fact that you've typed up here, and certainly none that were correct.
You posted plenty of anecdotes about "they always this" and "they always that" and "I met a crook once" - no-one doubts that there are less than scrupulous companies out there, all looking for a quick buck, if that's the discussion you want then you're too late - everybody on here already knows!

bertty

Seems to me there are lots of people who have been completely stitched up just like Glen. Judging by the comment s on this and other forums IVA companies routinely lie to you and tell you you will only pay what you can afford and then say "oh the creditors want a bit more" notice it's never the insolvency practitioner "it would be a shame to miss this deal for just a few extra pounds" The truth is they knew it would happen all along, they are in it with the creditors from the start. It's all about their fees and their profit, it's got nothing to do with what is best for you the victim. Personally I intend to go down the bankruptcy route. Yes I am paying somebody to help me, they wrote to me and I decided that their fees were a lot less than the money I was paying to the insolvency practitioner, I looked in my IVA papers and it shows that I would have been paying about £9000 to the insolvency practitioner, funny how they never actually mentioned that at the beginning, the IVA watchdog have helped me and the greedy insolvency practitioner can go get his money off someone else.

As for Choo Choo, his last post seems to be getting rather abusive. He wouldnt be an insolvency practitioner by any chance? No wonder he thinks IVA's are better, he's probably making a small fortune out of people like me who fell for the sales pitch and were naive enough to trust an insolvency practitioner.

Whilst I'm having my say, does anyone know how come everyone in government seems to only want to say how great IVA's are? the internet is full of people complaining that they have been stitched up by one IVA factory or another yet all you ever seem to hear is that IVA's are best, FOR WHO?

I might have been dumb enough to fall for an IVA but I'm not that stupid I cant do some digging on the internet. I have looked at the Insolvency Service web site, no mention of how bad some of the IVA factories are. I even found a letter on a forum from the Insolvency people going on about how great IVA's are, why? who stands to loose what if the truth gets out?

Then I found a thing called the debt resolution forum, turns out it's run by a guy who is an insolvency practitioner, seems to me he is trying to round up the whole industry into his control, he's even got someone high up in the Insolvency Service batting on his side, why is the Government sponsoring a private venture, I smell a rat!

Sorry for going on a bit.......

Charco_2

I would still urge you NOT to use a company to do your bakruptcy for you... it should cost you £510 to go bankrupt - or less depending on your situation as you can get £150 of the fees paid/waived by filling out an EX410a form (not sure that's exactly the right number but the good people over on the Bankruptcy Forum there would be able to help you through the whole process...)

Can I ask, had you signed up for the IVA already?

bertty

Thanks for asking, sorry to say you wont be able to sell me another IVA, I have fallen for it once and have heard the story already, iv'e decided to bin mine.
You seem keen to get me not to use someone to help me, the way I see it I got it wrong with the IVA, now I'm going to get rid of the thing. I want to get it right this time round so I intend to pay someone who knows what they are doing, a bit like getting my central heating boiler or car serviced, sometimes you just have to accept that you get what you pay for, as someone has already pointed out if you pay nothing for something you will probably get value for money. If you pay good money for something you will usually get a much better deal in the end.

skintflint103

My point is that people come here for unbiased advice, much of your advice is good there is no doubt . However it is not good if it seeks to coceal that you work for an IVA selling company and that ALL of the information dos'nt seem to come forth untill some else stirs things up. You ARE the wolf in sheep's clothing ,mostly advocating IVAs as the best solution and IVA companies paragons of free good advice. I wish to question that, in order that people who do come by understand that they should fully understand that IVAs are a flowery phrase for bankruptcy. If they understand that and think that an IVA is the best option then well and good. But I think you gloss over the detail too hurredly. Why no mention of Admin orders? a great scheme for many people with no commercial interest whatsoever. D'you maybe it's just me but I've NEVER talked to anyone where an IP has recommeded that. Strange huh? However carry on doing your job for your employer , but don't again try to pretend other wise.

skintflint103

sorry bertty that was a reply for charco I didn't see your post snuck in there mate but it seems you got some bad advice. The IVA watchdog allways got a lot of stick for there choice of names more than any other ,however I've spoken to a few people who have used them and others and I can't see that they are giving worse advice than most IVA companies. You are right to understand that a Bankruptcy is onerous and not a breeze to fill in. The people on this forum would have every one beleive it's just a form filling exercise. They don't tell of the implications with the OR if its wrong. I would say if you have no assetts no past businesses no contingent creditors antecedent transactions etc etc etc do it yourself. Make sure you get your income outgoings right and there you go. If it's more complex for God's sake get help.

bertty

OMG you've got a cheek!
Firstly I'm not giving anyone any advice
Secondly I have been completely stitched up by an IVA company who were only interested in their own needs, not mine. I wish I had done my research BEFORE I agreed to my IVA not after (doh). Now I know what's going on and to say I am P****d off is an understatement!

We have seen a lot about MP's expenses and what a scandal it was but what about what has happened to me and all of the people like me. I only came onto this forum to see what other people are saying and to find out if it was just me who was stupid. Now you are saying I am giving people advice and I am a wolf in sheep's clothing. Seems to me you are the one with the hidden message here!

I'm starting to wonder if this forum is being used to market services. Martyn Lewis has been banging on about reclaiming charges for so long, well Mr Lewis what about all of the IP's using your forum to promote their business and what about how many people like me fall victim to their lies just for their own profit?

Choo_Choo_4

bertty wrote: »

As for Choo Choo, his last post seems to be getting rather abusive. He wouldnt be an insolvency practitioner by any chance? No wonder he thinks IVA's are better, he's probably making a small fortune out of people like me who fell for the sales pitch and were naive enough to trust an insolvency practitioner.

Berrty - I am sorry that you feel you were mis-sold an IVA ... sounds like you've had a bad experience indeed.

It's a shame that the wrong doings of some IVA Companies / Insolvency Practioners tend to then have an effect on the whole industry.

By "paying good money for something you will usually get a better deal in the end" - this simply isn't true Berrty ... there are companies out there who will take your money to set up a DMP or an IVA but then just pass your details on to an actual Debt Solutions Company to CARRY OUT the work - getting paid then for finding you (and passing an angry client on to a new firm...)

I'm not sure where you plan to go from here but if you are going to seek an alternative solution (i.e. bankruptcy) then I don't think you should pay someone to fill out the forms for you - if you can't do it yourself then surely it would be best to go to CAB and get it done for FREE and properly?

Finally, can I ask in what way I was abusive - that certainly would not have been my intentions?

bertty

Hi Choo Choo

I thought about the CAB but to be honest they could give me an appointment weeks in advance and I didn't want to wait to get a load of advice from a volunteer. You keep trying to deliver your message about not paying for a service, I'm sure you have your reasons for that but I am firmly of the opinion you get what you pay for in this life and I trust the people who are advising me. I did my research (at least this time around) and I am happy with my decision.

You are dead right though when you use the phrase "mis sold an IVA" I was in no uncertain terms, the company who did it should be made to answer for the things they did to us, it's just not right, if you are an insolvency practitioner (which I suspect) you should all hang your heads in shame, I cant believe some of the things I have been reading in some of the forums, even Gardening Glen who started this thread has quite a story to tell, how come nobody is making some (what appears to be a large percentage ) of these firms answer for the bad things they are doing. In my opinion we are looking at some kind of government cover up for sure.

To answer you question about you being abusive the whole tone of your post (post 22) was quite aggressive and when you start saying things like "begger off back to the bankruptsy board" it just left me feeling a bit like you are not really showing the other readers much respect.

Another thing I don't understand is why you always make your posts in red? It's a bit in your face.