An update from ClearDebt regarding HMRC and their policy towards people in Individual voluntary Arrangements (IVAs) and debt management plans (DMPs) who receive an HMRC letter saying they must pay more tax or that they are due an income tax rebate.
Archive for the ‘Creditor Behaviour’ Category
by Andrew_F_Smith on September 9th, 2010
by Andrew_F_Smith on August 27th, 2010
We are appalled at the behaviour of the biggest organisation representing creditors in IVAs – TIX. Individual Voluntary Arrangements (IVAs) are supposed to be accepted by creditors when they are affordable, achievable and represents the debtors’ best efforts. They are supposed to be the best a person can do to repay as much as possible of the debts. It’s a five year commitment (usually) and its pretty fair for both sides – but it isn’t supposed to be set at a level that makes life horribly hard.
ClearDebt’s Andrew Smith comments on credit card debt and how cards with attractive introductory offers can trap many people who already have debt problems.
Payday loans and the debt issues surrounding them have hit the headlines again recently, ClearDebt’s Andrew Smith talks through the issue in this audioblog.
by Andrew_F_Smith on May 20th, 2010
ClearDebt interviewed on BBC Radio 4 – and here are all the things about debt management plans we wish they’d given us the time to say.