IVA Mis-selling?:

We've been saying it for ages - IVA's are usually NOT the best solution - and now it's official

As reported on BBC News 24, 2nd May 2007

Here we go: IVA Mis-Selling is here

 

It happened with the endowment mortgage - thousands were mis-sold mortages.

It happened again with pensions - thousands have pensions with far less value than they thought

It's now happened again with IVA's - thousands of people have been sold into an IVA plan which isn't the best option.

If this is you we want to hear from you. We can't promise we'll be able to help but we'll do our best.

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Remember

We've never promoted IVA's as the best way to deal with debts and our client testimonials show why we are so popular. By only recommending IVA's when they are the best option we are helping yet again boost our reputation and respect. We are now better placed than ever to negotiate your debt problems.

The original story behind the BBC news item came from accountancy firm pfk and can be read here

 

OOPS! The following companies have issued profit warnings because their main business has been built around IVA's. Are these businesses heading for financial trouble themselves because they have mis-sold IVA's and now no-one trusts them?

Debt Free Direct (read Hemscotts news story, 6 March 2007)

Accuma (read Manchester Evening News story, 8 May 2007)

are you one of their customers? have you got a story to tell? we'd love to hear from you.

Further reading about IVA's and IVA Mis-selling:

IVA Mis-selling reported by the BBC on 20th July 2006