11 IVA companies shut down

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twoods

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Post by twoods » Tue Mar 17, 2009 4:42 pm
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did anyone see the news last week, office of fair trading clamping down on whats known as free debt advice, or free get me into a IVA advice as they are now calling it,

some IVA companies are very good, but be aware before making a descion.!
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Skippy

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Post by Skippy » Tue Mar 17, 2009 4:43 pm
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That's why we advise people to contact several IPs for advice before they make a decision.
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rayb

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Post by rayb » Tue Mar 17, 2009 4:43 pm
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That is why we always recommend on here to check out www.iva.com so that you can read the reviews yourself and go from there.

Most do offer free advice and no pressure
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kallis3

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Post by kallis3 » Tue Mar 17, 2009 4:44 pm
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The one's closed down were dodgy, unregulated companies using names the same as genuine ones.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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size5

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Post by size5 » Tue Mar 17, 2009 4:54 pm
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No companies were closed down to my knowledge, but some websites were closed for sailing a little close to the wind with certain phrases.

Regards.
Cert DR
23+ years in debt advice
I do not post for anyone other than myself

Follow my tweets at http://twitter.com/debtmastersize5
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kallis3

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Post by kallis3 » Tue Mar 17, 2009 4:55 pm
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That's what I meant Size5! Got a bit carried away there!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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David Mond

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Post by David Mond » Wed Mar 18, 2009 8:55 am
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And they were not necessarily IVA companies but companies who either offer so called advice and may be packagers and/or debt management and possibly IVA companies.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
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