The days of poor debt advice are numbered, due to the advent of the long awaited Debt Management Protocol, which is due to be implemented by March 2013 - at least amongst commercial firms. Sadly the charitable and not-for-profit sectors are refusing to engage in the process, however.
Just been on the lloyds tsb website, they seem very understanding regarding debt issues, lots of advice, they also note seeking help through the non profit organisations. CCCS also have a link on the site! No bias at all.LOL
Hi John. CCCS don't seem to be offering you any viable solution; just a DMP which is too expensive and they are refusing to discuss an IVA. I hope you speak to one or two more experts before making a decision. DMPs and IVAs both have their pros and cons so it comes down to what's best for your family and only you can make that decision. As others have said, it's not the job of any debt advisor to tell you what to do and deny access to a debt solution you have every right to investigate.
Hi Johndylan. I hope you choose what you feel it is the best for you and your family. DMP may work for some people, it didnt work for us, thats for sure! 4 years down the line and we are now looking at starting an IVA with Melanie Giles. If I knew then what I know now we could be 1 year away from being debt free. I think DMP work for small amounts of debt(unfortunately ours is huge). But, we live and learn. All the best,
lulu123
At the moment that is unlikely. We have a lot of equity in our house but nobody would touch us for a remortgage so we have to continue for an extra year.
Don't forget as well that there is no guarantee in a DMP that interest and charges will be frozen.
I've just found this thread and find it extremely interesting the comments regarding a CCCS DMP. Me and my husband entered into a DMP with CCCS in June 2006. I have just calculated that if we'd entered into an IVA our debts would have been cleared and we'd have spare money. As it is at the moment we are unable to maintain our payments to the DMP due to job losses and CCCS refused to continue with our DMP due to this and subsequently closed our plan. To now try and enter into an IVA to clear what remains of our debts is impossible due to the monthly payment amount so we have to maintain the token £1 monthly payment to our creditors which will take forever! However, should our circumstances change then we'll most certainly be looking at an IVA - it's the only way forward for us.
All your comments / advice and suggestions have been very helpful and enlightening.
If you have no assets then it may be a way forward - your debts will be written off and you'll be discharged in 12 months or less and may not even have to pay anything towards your debts.
Have a chat with an expert - visit www.iva.com for a list of companies and reviews and speak to one or two - there will be a solution out there for you.
Please do contact 2 or 3 companies to ensure case specific impartial advice. Once you find a company you're happy with you'll now. All the best to both of you on finding the right debt solution.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
What I find disturbing with Springermum is that a creditor funded "charity" is closing its doors to people when they cannot afford anything. This is the very point when help is needed the most.
If you can't afford anything they don't get their commission so "sling your hook matey" seems to be the order of the day. I find that little short of a disgusting attitude and would welcome a clarification from them as to why this happens, this is by no means an uncommon issue.
Regards.
Cert DR
23+ years in debt advice
I do not post for anyone other than myself
