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80% written off
lawmyster
Posts: 2
Newbie
Just wondering if anyone has has dealt with these debt advisor companies that say they can pay off at least 80% of your debt to help you get back on your feet. Seams too good too be true and there has too be a catch. Answers anyone ? Cheers
1
Comments
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You would be better getting in touch with Stepchange or a similar free company. Why would these companies just pay your debt?Aiming to make £7,500 online in 20221
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You're answered your own question there.lawmyster said:Just wondering if anyone has has dealt with these debt advisor companies that say they can pay off at least 80% of your debt to help you get back on your feet. Seams too good too be true and there has too be a catch. Answers anyone ? Cheers
As above speak to Stepchange & never pay any fees for a debt management programme.2 -
These companies are trying to sell you an IVA.lawmyster said:Just wondering if anyone has has dealt with these debt advisor companies that say they can pay off at least 80% of your debt to help you get back on your feet. Seams too good too be true and there has too be a catch. Answers anyone ? Cheers
As the others have said don't touch them with a barge pole contact Stepchange if you have debt problems.If you go down to the woods today you better not go alone.3 -
IVA lead chaser, give them a wide berth.
Don`t swallow the hype, how much debt do you have ?
IVA`s are typically for homeowners who can`t go bankrupt, and who have massive debts circa £30.000 upwards.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
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