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Legally write off 75% of unsecured debt - Really?
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nowornever2012
Posts: 5 Forumite
I'm not sure how they get my details but I keep getting texts saying that "due to new government legislation it is possible to write off up to 75% of my unsecured debt legally and easily".
That would be nice but I can't help but think the fact it's being aggressively marketed means it's a sell of some kind from their point-of-view. If it was that good and easy why would these people be phoning around?
Anyone had experience with this...?
That would be nice but I can't help but think the fact it's being aggressively marketed means it's a sell of some kind from their point-of-view. If it was that good and easy why would these people be phoning around?
Anyone had experience with this...?
0
Comments
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They are trying to flog you an IVA.
See --> http://images2.moneysavingexpert.com/attachment/ivaGuide.pdf
And yes, it's a big "sell" as these companies make a killing in fees for these.Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0 -
Yes its an IVA there trying to sell you.
Can be a good option, depends on your individual circumstances, other options are available.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
I did that mistake of going for an IVA and its failed.
I paid in £2790 and their fees have taken it all.
Nothing been paid off my debts and still in debt.
Am seeking legal advice over it!!0
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