Is anyone else as shocked as I am that companies should be touting this concept. Insolvency should be the last resort, not something that's touted door to door!
I was also shocked that the caller first of all denied that an IVA was insolvency (though he later admitted that 'technically' it was. He also denied that having an IVA would damage one's credit, though again he later admitted that it would when I pressed him.
No wonder the UK's got a record number of insolvencies, when it's made so easy!
2007-02-04 04:56:09 · 2 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
sorry to say I'm not shocked.
disappointed that this country has come to this but not shocked.
this is why some people get into so much debt as they don't realise what is going on until its too late.
you say whats an IVA to a member of the general public and i bet that 3/4's of them won't know what it is or what it can mean to their credit rating and future financial life.
all these get out of debt quick schemes are scams and you end up paying more over a longer period of time.
also nowadays even if you go bankrupt it doesn't affect you like it used to.
you can go back into business after only 12 months so it's not a deterrent anymore and leaves a wake of poor little people with you owing them money and them having no way of collecting it.
(yes I'm a little business person who has had their fingers burnt by so called bankruptcies going back into business after a year and me still not having any way of getting the money they owe me!)
2007-02-04 05:16:44 · answer #1 · answered by lola 5 · 0⤊ 0⤋
sounds like a bit of a scam to me and i am no expert
2007-02-04 05:07:21 · answer #2 · answered by Anonymous · 0⤊ 0⤋