Jump to content

Lola-01

Registered Users

Change your profile picture
  • Posts

    2
  • Joined

  • Last visited

Reputation

1 Neutral
  1. Hi, Sorry i've been so busy recently and havent had the chance to check this page. We get all of our data from loan and credit card companies, so when people apply for loans or credit cards . . . the often leave a box unticked that allows their details to be passed on. I will stress that there are NO financial details on the individuals, just their names and numbers. "Can you clarify what you mean by "tell you immediately" and perhaps tell us what happens to those who are not suited to an IVA or Debt Management Plan?" - Basically, you speak to a TSR first, and they just take a brief summary of your situation (Who you owe, aprox how much, if you are making any payments and if you are how much, if you are working and if you an aprox monthly income). The Personal Financial Advisor that you will be passed through to is an expert in all areas and will do an income and expenditure etc. If the Advisor can see that neither of the plans would be realistically affordable for yourselves due to any priority expenditures (rent, mortgage, food, bills etc) that are taking up most of your income . . . they will tell you that it wont be suitable. Also, for example, with an IVA, if you are a homeowner and have a large quantity of Equity in your house . . . that wont be suitable either. Basically the Advisor will cover more ground with you than the TSR will and will be very honest. The advisors wouldnt be doing their jobs if they werent working to find what is best for your own individual circumstances. I understand the necesity for impartial advice within this situation, but i am merely just letting an insiders views and voice be heard along with those of clients of past, present and future. I do not claim that we are the best or the worst. Im not saying "Choose us!". I'm just answering questions that were asked. I really hope this all makes sense. Again, any questions, i'll try my best to answer. Lola-01 x :sleep:
  2. Hi everyone, Just to clarify, The Money Group is not run by volunteers. Ihave worked there for quite a while and we do get paid. We are very upfront about our fees. It’s just a smallpercentage of your Manageable monthly payment. The TSR that youoriginally answer the phone to physically cannot quote you any prices on plansor fees. The prices and fees vary with everyone’s individual circumstances. Weare legally not allowed to put you in a worse position, so if something won’t benefityou. . . . the TSR won’t pass you to your own Personal Finance Manager, theywill simply let you know. Even if you do get passed through, it’s onlydownstairs of the same building . . . . (Nothing to fret about!!) . . . andthey look at your situation in a little more detail and will also tell youimmediately if a Debt Management Plan or IVA isn’t best suited for yourself. You will be asked if you would like to pay anything at thetime of the conversation as a token payment, however you are not obliged to paya token payment and there is no pressure at all if you don’t want to or cannotafford to. As stated above, there are non-fee charging companies (nonames) but the majority (if not all) are actually being funded by the creditorsthat you owe money to. Google it! They need to be able to afford the help theyare giving and need money from somewhere . . . do they not? So, where as we,and other companies alike, are fee charging . . . we work on behalf of ourclients. We do specialise as a company at looking to freeze any interest orcharges being put on top of your accounts. We help, on average, around 150 people a day. I don’t understandwhere the post above got the “single mothers” from . . . I suppose it’sdifferent for every different TSR as to who they notice the most. We get ourdata from Loan and Credit Card companies. They are mainly, loan decline’s etcso there is quite the variety of recipients of our calls. Basically, if we didn’t think we could help you, we wouldn’tbe phoning you. We don’t know until we have asked. Any questions, please feel free to ask. Lola-01
×
×
  • Create New...