Experience of immediate financial?

tlc123_2

Does anyone have experience with dmps or full and final settlement plans with these people?

Thoughts and experiences?

feeling-good

How much does the service cost?

We charge 17.62% of the distributions made to creditors. There is often a set-up fee, but this will be confirmed with you in writing before you join the plan.

I just took this off their website... Why would you pay them money just to send money on.

Payplan or CCCS are debt charities and will do this for you totally free... that means 100% of the money you pay goes to your creditors...

Please don't use a fee charging company.... please

tlc123_2

Thanks for that...do payplan also offer the full and final settlement thing?

lvm

If you have a look on the National Debtline website, all the info and template letters are on there. I've written my own letters taking into account my own personal circumstances and have successfully negotiated 50% settlements.

Might be easier/quicker than involving a 3rd party...

tlc123_2

Thank you, just not sure if I'm organised enough! Mind you, I'm willing to give anything a try :-)

Hannah_10

You wont get a F&F accepted via a fee charging company. Think about it, if you were a creditor and your debtor had agreed to pay you peicemeal until it was gone and was even prepapred to pay a fortune to a pretty pointless middleman to do it (instead of paying you off faster) then what would you think? You would think No. No because I will get it anyway and no because they're clearly trying it on.

Oh the debt management company will tell you they get nearly all thier offers accepted... (ahem... cough cough... b*ll*cks) but you notice they will only ever say that on the phone, where you can't prove it. In writing they say "we have a good success rate", any better claims than the vague "good success rate" which are put in writing need to be passed to the OFT for investigation!

I sound negative for a reason, the reason is I hang out round here. Not only do fee paying DMP's waste your money and cost you a fortune in the process they regularly fail to forward your money, they arr not held in high esteem by the creditors at all and if you're really unlucky they go into administration taking your last 5 months of payments with them. They wont help you with any CCJ's or baliffs, they have no more powers than you or I do, they regularly lose documents and their customer service after you've been hooked by the salesman goes downhill most of the time.

But then, perhaps it'll be different for you eh.

Paypaln on the other hand, regularly get a glowing review.

tlc123_2

Thanks very much Hannah, that's pretty much what I suspected. I think I'll go with payplan. Just trying to see a light at the end of the tunnel, I can't live like this anymore :-(

tealady

Hi
If you would like us to see if we can help just post your SOA so that the lovely peeps on here can perhaps suggest a few ideas.

kaicasshern

HELP! I've gone with Immediate Financial and I think its might be the biggest mistake ever.

When I got into this with them last year they said to me 2 years max, now a year on its still 2 years and at the rate I’m paying back ill of paid back more than I originally owed that’s after I have paid the 3 or 5 (they keep changing) months start up fee... which I wasn’t informed of until Jan of this year.

I'm really worried i'm being ripped off/taken for a mug.

Does anybody have info or experience with this company?

izzie1

Avoid at all costs!!!!! my debt increased by almost half due to interest and late payment charges, along with that the "fees" took up several months payments. I cancelled after a year and a half, they have not cleared any my debts and I don't think I will have any money refunded.
My advise is go to Citizens Advice Bureau! wish I had done so when I tried to resolve my own problems.

Gimpsdad

Payplan are not a charity, they are a business. CCCS do have charitable status.

They are both levy no fees directly to users, but it is an important point to understand.