font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Andy Davie
Hi
To be fair I think there are some cases where the client can opt for either solution and it is hard to decide which is the right one, really depends on your circumstances and views.
If in doubt I think the DMP route may be better as you can opt for the IVA at a later date, much harder to do it the other way around.
Regards
Thanks for that reply, you have just made my mind up for me. To all the other replies i have had on this matter, Big Respect.
Cheers, iamfubb2 [:)]
Surely the key thing is that no one should be telling the OP what to do, only presenting the options and explaining clearly why some are better and why.
One thing thats for sure is that all of our situations are different, and in the majority of cases complex, all an advisor can do is interpret those complexities and apply the facts presented to help the person decide how they want to manage their debt situation. If there was a one size fits all, we wouldn't need IPs and the services their firms provide in the first place.
I'm with CCSVA and have had a good relationship with them since my IVA started (maybe thats because my IVA so far has been simple and nothing bad has happened - Touch wood). I think the main difference between Payplan and CCCS and some of the larger firms is you are reliant upon getting a good advisor in the first place, the larger the firm the more inconsistencies will creep in. This is why its so important to get at least three opinions and from those three opinions you can do your own levelling exercise and find a company your happy with.
Only then can you decide which option best suites your finances, ethics, profession and your own view on what you want to do with your life going forward.
In all my time posting on the forum, and I don't post anywhere as much as I would like to, I don't think I have ever seen a single post from any of the experts that, in similar circumstances, does not come with the caveat of "talk to 2 or 3 firms" even if that may mean that indirectly they are acting against their own commercial interests. I strongly suspect that similar advice is not given to those that approach creditor funded agencies, which may explain why there can be confusion as to what all the options, and their pros and cons, actually are.
Regards.
Cert DR
23+ years in debt advice
I do not post for anyone other than myself
One thing that I always advocate is the no professionals from either side of the "free"/commercial sector ought to be recommending a specific solution. We are here to provide advice and guidance about all of the available options, detailing the advantages, disadvantages and implications of each one, but we are not here to make our clients minds up for them - the ultimate decision had to be client and not provider led.
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by MelanieGiles
One thing that I always advocate is the no professionals from either side of the "free"/commercial sector ought to be recommending a specific solution. We are here to provide advice and guidance about all of the available options, detailing the advantages, disadvantages and implications of each one, but we are not here to make our clients minds up for them - the ultimate decision had to be client and not provider led.
Hope i havn't got anyone into bother with my last posting but, i have being dithering when i should have been doing. Andy merely helped me make up my mind and i am going down the DMP route to see how it pans out. As he says if it doesn't work i could always try an IVA.
Regards and many thanks, iamfubb2
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Broke of London
Good luck with it iamfubb! It sounds like a great decision x
Thanks for that reassurance.[:)] Just a parting shot do you think i will still be entitled to post on the forum whilst i am on the DMP? If not i will miss it and all comments,suggestions and advice i have been given.
Just to confirm that I was not recommending a particular solution, I simply stated that if the poster was torn between the IVA or DMP route they MAY be better opting for the DMP as they can always switch to the IVA at a later date if this becomes the right/better option
- i am sure your experience and dealings in the DMP will be useful to other people
