Have you been mis-sold an IVA?

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Cybus

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Post by Cybus » Fri Apr 15, 2011 2:10 pm
Chances are some of you may have received correspondence from EIIR trawlers suggeting you have been mis-sold your IVA.
In reality these sorts were just trying to push you down the bankruptcy route (Where it might not necessarily be best advice) and charge a fee for the pleasure.
Good news on that front can be found here ...

http://www.oft.gov.uk/news-and-updates/press/2011/56-11

The OFT has revoked the consumer credit licences of Bankruptcy Limited (BL), Intl Marketing Limited (IML), UK Bankruptcy Limited (UKB) and UK Mortgage Link Limited (UKML), for such as the above.

Slowly but surely the crooks are being ground down and spat out ;)
Tell it like it is.
 
 

Michael Peoples

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Post by Michael Peoples » Fri Apr 15, 2011 2:20 pm
Thanks for that Cybus. It will be helpful when next time someone posts here saying they have been missold an IVA.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
 
 

steevo888

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Post by steevo888 » Fri Apr 15, 2011 2:21 pm
I must have had about 20-30 of these calls about mis-sold IVA but have told them all straight im not interested
IVA completed April 2011.
 
 

kallis3

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Post by kallis3 » Fri Apr 15, 2011 10:56 pm
That's excellent news - let's hope more get their licences revoked soon!
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
 
 

MelanieGiles

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Post by MelanieGiles » Sat Apr 16, 2011 12:46 am
I think that all of us in the industry welcome this news, and it is good to see the OFT taking steps to regulate from within. There are bad apples in all carts, of course, and it is good to see consumers being protected from such practices.
Regards, Melanie Giles, Insolvency Practitioner
 
 

Broke of London

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Post by Broke of London » Sat Apr 16, 2011 2:28 am
Great news! It's also very exciting because as a forum we must receive enough of these letters to get other firms' licences revoked if we all sent them off. Power to the people!!
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