@DebtCamel I thought something weird was up - Money Wellness take their responsibilities to consumers very seriously
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Beverley Budsworth
111 posts
Beverley Budsworth
@BevBud
Mother of 3 fabulous individuals, married to Tony Steele, founder of The Debt Advisor, bit of a warrior in The Insolvency Industry who cares about our outputs
England, United Kingdom Entrou em Nisan 2009
87 Seguindo61 Seguidores
So this was not a Money Wellness link - it was some sort of scam. MW's website details were hijacked and used by an unknown third party. They are working with Google and the link should now show as "unsafe" if anyone clicks on it.
Debt Camel@DebtCamel
Here is an Instagram advert. What a way to sell any debt solution… Become debt free in just one minute????
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@DebtCamel @CIVEAOfficial @TheFCA Well done Debt Camel. Your posts are so helpful. As an Insolvency Practitioner who does help individuals with serious problem debt, I would hate someone to be conned about the most appropriate solutions for their circumstances.
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new post: IVA scammers pretending to be bailiffs or the FCA
debtcamel.co.uk/iva-scammers-p…
@CIVEAOfficial @TheFCA
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@PaulOzNo1 We need more debt advice provision not less and SC and PP are hugely important as are the free advice sector. Need a balance and less energy spent on negative shots!!
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@BevBud Yes, agree Bev. It will be the case that they have been monitoring the payment defaults and future risks and may come to the conclusion that’s it better to review in the hope of reducing actual failures /terminations and in turn overall financial damage. Tricky times for SC
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Crikey! Its a positive IMO but will it really happen and will it risk serious financial knock on damage. Also will the 'others' follow suit and if not why not? They must be in the same position or even worse. Is the bell finally tolling for the troubled IVA Industry.
Debt Camel@DebtCamel
new post - @StepChange is proposing a mass variation of all of its IVAs to give greater flexibility in reducing payments because of cost of living problems. I think this is better than @insolvencygovuk guidance over the summer: debtcamel.co.uk/stepchange-mas…
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Agreed for DMPs as well and for the SDRP if it does materialise. DRO debt level at £30k is very fair.
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An easier fix is to get Ofgem to issue directive to utility providers that arrears of Utilities can be included in IVAs and other debt solutions and no Prepayment meters.
Debt Camel@DebtCamel
@BevBud So we reform DROs so they work for all low/ negative DIs. Debt level is easily changed. 50k or unlimited? As can the value of a car. 5k, 10k or more? That leaves need to exclude main residence. A harder ask, but why not? creditors gain nothing from endless token payments.
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@DebtCamel These are cases which generally are not appropriate for DRO’s due to debt and asset levels.
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@BevBud I think PPM energy should be the same cost as paying by other methods for everyone, and there should be no unaffordable deductions for energy debt. Which I think would give you what you are asking for without any need for special treatment for IVAs?
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We really need to be able to include arrears of utilities in formal debt solutions without fear that the energy provider will insist on pre-paid meters which materially increases the cost of energy for consumers. Welcome your comment.
Debt Camel@DebtCamel
new post - Ofgem doesn't want people to cancel their energy DDs, but it has no useful alternatives to suggest for millions of people debtcamel.co.uk/ofgem-cancel-d…
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@DebtCamel When advising clients we try to factor in arrears as priority payments rather than include arrears in the IVA do thst they do not end up with meters and gas/elec charged at higher prices. However the arrears are getting higher and affordability lower leaving no surplus.
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Beverley Budsworth retweetou
A helping hand. 🤝
The Business Debt Advisor team are here to offer a responsible and friendly approach to business debt.
Give them a call now on 0333 9999 689 ☎️
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Beverley Budsworth retweetou
Managing business finances is tough.
Our friendly team are here to take the fear out of failure.
Our advisors are available on 0333 9999 689. 📞
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Beverley Budsworth retweetou
If managing my debt, will you be dealing with every company I owe money to?
For advice, visit our FAQs page or call our free advice line on 0800 781 0990
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@JoeyPet97588029 Seems like a USA based lead Gen company, they clearly will not have debt counselling as a permission. Needs to be flagged to FCA - where are get advertising?
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@louyates21 How are the agencies faring with the new proposed MAPS funding?
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Beverley Budsworth retweetou
I have entered hospice as my body and treatment options are no longer working together. Will post obit info on legacy.com and my family will post updates on this account. I thank everyone for your support through this journey. #thisismbc #stag4needsmore.
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Not sure about £30,000 - a reasonable salary for an experienced advisor with say 4 to 5 years experience would be £26,000 to £28,000.
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So horrendous - debt should not be a priority payment ranking ahead of food!!!
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