debt consolidation companies/Voluntary IVAS? - HotUKDeals
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debt consolidation companies/Voluntary IVAS?

fairy Avatar
7y, 7m agoPosted 7 years, 7 months ago
Could someone please explain how the companies that you see advertised that consolidate your debts/ voluntary IVA (?) work? Are all these companies legitimate? How do the firms make money from this? Can anyone recommed one of these companies for a friend? I think they have been suggested a firm called payplan? Thanks
fairy Avatar
7y, 7m agoPosted 7 years, 7 months ago

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Payplan is a Government non profit organisation, go with them !
Had a family member went with Payplan - they weren't the best and very difficult to contact - they were recommended by the government. Their debt was mostly with Halifax and they were the worst to deal with - and guess who supports Payplan? Halifax!
Try for local help.
try these guys frist as you may find you may not need to pay what u think :P
i believe that the company take so much money they take out their fee and then distribute the rest of the money to your creditors - get your friend to go see a debt advisor at the c.a.b. they should be able to give your friend some good help and advice
#5 have been excellent for us.

Try looking on [url][/url] for information on IVA's.


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