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mis sold

lucieloo
lucieloo Posts: 215 Forumite
Hi i have been reding some information regarding iva companies being investigated for misselling of ivas. My question is i feel we were missold as we were only given the option of an iva and nothing else even though we were living ok. also i was not made aware of all the fees we have encountered and to top it off i had an operation 4 months ago and my iva company said dont worry and gave me a 3 month payment break, then last week i have loads of phone calls and letters asking me to sign as they had to call a variation meeting with creditors now which they woukld be taking 500 plus vat to arrange!!!! if i had known this i would have asked for family help. Who would i vent this complaint too?Also fos have had a lot of complaints about these companies who take fees so be very careful anyone looking for debt advice make sure you get free advice!!

Comments

  • debtinfo
    debtinfo Posts: 7,012 Forumite
    were these fees not in your IVA agreement, did you read it thoroughly, you say you were living ok, how did you get into an IVA then, did they contact you or did you contact them about an IVA
    Hi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
    Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.
  • lucieloo
    lucieloo Posts: 215 Forumite
    debtinfo wrote: »
    were these fees not in your IVA agreement, did you read it thoroughly, you say you were living ok, how did you get into an IVA then, did they contact you or did you contact them about an IVA
    they contacted us, when i say we were living ok i mean we did have debts but were up to date with all payments.
  • debtinfo
    debtinfo Posts: 7,012 Forumite
    why did you go into it then?
    Hi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
    Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.
  • lucieloo
    lucieloo Posts: 215 Forumite
    debtinfo wrote: »
    why did you go into it then?
    i dont really know, i thought id have more money to live on? worst thing i have ever done tbf
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