Boyfriend about to sign IVA - anyone heard of the Debt People?!

Benzanna

They are saying the IVA is free and I know that's not possible. They've explained they get their money from the insolvency company.

Has anyone dealt with them?
I think they're based in Manchester.
He spoke to a guy called David.

Help please before he signs anything!

Thanks.

sourcrates

PollyErrington wrote: »

They are saying the IVA is free and I know that's not possible

And that should tell you all you need to know about the debt people.

Personally I have never heard of them, but I do know how an IVA works.

IVA's are never free, they have to be set up by an insolvency practitioner who will draw his/her fees from the pot of money you make your payments to.

If it sounds dodgy, go elsewhere, there are plenty of IP's to choose from.

pbsmiles

Tell him to speak to stepchange or national debt line before he signs anything.

alianza

I have never heard of them but i would guess 90% of all my blocked numbers on my phone have a Manchester code due to the random scamming PPI, accident claims, pension advising, debt managers etc !!!!!! cold callers. Hope its not one of those he is with.

National_Debtline

Hi

I agree that it’s best to seek independent advice before signing up to an IVA. There will always be fees involved somewhere, so IVA providers may not be entirely impartial when advising on which is the best option for someone to take.

James
@natdebtline

enthusiasticsaver

Tell him not to do it. IVAs are not free, they should not be entered into without proper advice. I have never heard of the Debt People but it sounds like a concern he should not be dealing with. Stepchange are the people he needs to contact.

nkkingston

According to the FCA register, the Debt People is one of the trading names of Money Plus. They've had various interirm permissions to do various consumer credit related things, but I have to admit I get a bit lost in the FCA's jargon.

fatbelly

Trading names:

Chiltern Debt Management,
Hamilton Locke,
The Debt People,
Delta Debt Management,
The Loan Point,
Hamilton Locke Finance,
The Debt point,
betterwaydebtsolutions.co.uk,
betterwaydebtsolutions.com,
chilterndebtmanagment.co.uk,
Moneyplus,
Dawson White,
deltadebtmanagement,
The Loan Point,
Hamilton Locke Finance,
The Debt Point,
betterwaydebtsolutions.co.uk,
betterwaydebtsolutions.com,
chilterndebtmanagment.co.uk,
Moneyplus,
Dawson White,
deltadebtmanagement.com,
hamiltonlockedebtmanagement.co.uk,
moneyplusgroup.co.uk,
tcfdebtsolutions.co.uk,
Www.Easierdebt.Co.Uk,
Easier Debt Solutions,
Loan Management Services,
fidelitasgroup.co.uk,
thedebtpeople.tv,
thedebtpeople.co.uk,
Moneyplus IVA,
Moneyplus Debt Management,
Money Assessment Place,
Credit Assessment Centre,
Debt Free Me,
Moneyplus.Com,
R&R Financial Solutions,
Debtmanagementplan.co.uk,
Moneyplus Insure,
Personal Touch Debt Solutions,
Moneyplus Td,
Debtfreeme.Co.Uk,
Debt Movers,
Kensington Knight;
Debtmanagementplan.co.uk;
Debt In Control,
ClearView Finance,
Clear the Debts,
DC Finance,
Cleardebtadvice.co.uk,
Easydebtadvice.co.uk,
Simpledebtadvice.co.uk,
debtadviceandsolutions.co.uk,
debtadviceandsolutions.com;
Clear Financial Solutions (UK) Limited