Review from Mr Watts (1868 views)
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|Review of: Debt Lifeboat|
|Review date: 27 February 2010|
|Insolvency Practitioner who handled case: Phillip Allen|
|I proceeded as far along as: Accepted IVA|
|The solution I opted for in the end: IVA|
|Speed of response|
|No of days to make a decision after I spoke to IVA company: 4 days|
|Weeks to IVA proposal after decision made: 2 weeks|
|Weeks to IVA accepted/rejected after decision made: 6 weeks|
|IVA Company Ratings|
|Their debt solutions expertise:||9 out of 10|
|Their customer service:||9 out of 10|
|Their speed of response:||9 out of 10|
|Overall Company Rating:||9 out of 10|
|Insolvency Practitioner Ratings|
|The quality of IVA proposal:||9 out of 10|
|Overall Insolvency Practitioner Rating:||9 out of 10|
|My main client went into administration owing my company £280K forcing my company to go into administration owing £200K. Our company was limited liability but unfortunatley i was left with approx £50K Debt.|
|My interaction with the company:|
|I was refered to debt lifeboat by a financial adviser and after a lengthy discussion with Phillip Allen about all my options, it transpired that the IVA would be the best course of action to repay the debt.|
|Why I gave the ratings I did:|
|I rated the company with a 9 out of ten because nobody is perfect and i felt that they provide the best possible advise for my situation.|
|One thing they did - which really impressed me:|
|After 12 months of IVA monthly payments and due to health problems, Debt Lifeboat negotiated a final settlement which related to 29p in the pound of my original £50K Debt|
|One thing they did - which I felt could be improved:|
|I felt that i had very little money to live on while paying the agreed IVA monthly settlement.|
|It was not an easy ride working hard to overcome my debt while trying to give my family a nice life.(after all it was not their fault i was in debt, in fact i could argue that it was not mine either!). I started paying 43p in the pound but negotiated a final payment after 12 months which related to 29p in the pound. I am now debt free and happy that this has finally been settled. I would recommend Debt Lifeboat as i beleive they acted in my best interests.|
Community Comments of this review
|3 out of 5||3 out of 5||25 April 2010|
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- Debt Lifeboat
The closing process with all the chaos of VAT refunds etc was handled very well.
Review from antlm, 10-Jul-2012
their understanding of our situation.
Review from darren v, 12-Dec-2011
They went the extra mile for us when we couldnt meet the final payment by finding us a fantastic fin...
Review from Keegea, 01-Jun-2012
as foremention. the incident when i was unable to work for a year and they resolved the issuse so as...
Review from j.gorman, 04-Dec-2012
there was not just one thing that impressed me about lifeboat everything they did for me impressed m...
Review from madmal, 17-Feb-2010
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