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I don't know where to post this, so here it is:

 

The FT have an article entitled "Burgeoning debt industry loses its allure"

 

I'll quote parts of it, the full article is linked to below.

 

Banks have become publicly critical of the IVA companies, which in many cases are receiving as big a fee for their services as creditors are obtaining in repayments.

"We don't think the fees these IVA companies are charging are appropriate," says Richard Lindsay, a spokesman for HSBC.

 

 

Those two sentences made me smile, rather like th epot calling the kettle black.

However, if you read all of the article, it cautions you against some of the pitfalls that can await the unwary if entering into an IVA. As I mentioned above, click below for details.

 

 

 

FT.com / Home UK / UK - Burgeoning debt industry loses its allure

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The poor dears - I feel utterly distraught for them. Please excuse me while I slope off to a dark corner for a bit of a cry on their behalf.

 

Do you think we could get some sort of support group set up for them - maybe even a little fund to help them out?

 

P.

Northern Rock; S.A.R sent 11/8/06 - Delivered. Recieved details of 6 yrs charges on 8th. Wrote back asking whether or not they hold information going back further than that.

MBNA; S.A.R sent 11/8/06 - Delivered 14/8/06

Barclays; S.A.R - (Subject Access Request) request sent 11/8/06 - Del 14/8/06

Diners Club; S.A.R sent 11/8/06 - Delivered 14/8/06. Recieved form to fill and return with fee on 17/8/06. Sent form back, delivered 4/9/06.

Intelligent Finance; Prelim letter emailed 16/08/06, claiming £318. Email recieved from "Anne-Marie" 17/8/06 saying my email has been passed to Customer Relations dept. Fob-off letter received 23/8/06, letter sent in return same day - Delivered 24/8/6 Recieved letter offer 25% settelement - refused - LBA sent. MCOL on 10th revcieved notification that they intend to defend on 13th. 06/9/2006 WON!!!!!!

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