Review from DM (323 views)
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|Review of: Debt Lifeboat|
|Review date: 26 October 2011|
|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:||10 out of 10|
|Their customer service:||10 out of 10|
|Their speed of response:||10 out of 10|
|Overall Company Rating:||10 out of 10|
|Insolvency Practitioner Ratings|
|The quality of IVA proposal:||9 out of 10|
|Overall Insolvency Practitioner Rating:||9 out of 10|
|I work in the financial/legal sector and live in Devon. I had debts amounting to £43,000.00, which I could not repay.|
|My interaction with the company:|
|After explaining my circumstances they recommended that an IVA would be the best solution because Insolvency could have ended my career.|
|Why I gave the ratings I did:|
|They were very supportive, knowledgeable and helpful throughout this process. They re-assessed and lowered my monthly repayments on each occasion that I lost my job to prevent hardship to my family.|
|One thing they did - which really impressed me:|
|They were always fair and impartial when representing our case to our creditors during the numerous creditors meetings held throughout our IVA. They worked very hard to prevent the IVA from failing.|
|One thing they did - which I felt could be improved:|
|I am still unemployed and hoping to secure work. My Wife is soon to be made redundant but at least as a result of the completed IVA, we will not need to go bankrupt thanks to DLB and Phillip Allens support. <br> <br> I have learned to balance my income and expenditure as a result of this process and to stay in credit. I also never want to go through this again and I will never get credit for anything I cant afford, other than a mortgage one day in the future. The fact I never want an IVA again is no reflection on the service offered by Debtlifeboat however, which has been excellent throughout.<br> <br> Finally my unsecured debts amounted to over £43,000, and that dividends of 24.97 pence in the pound were paid, totalling over £10,700 to my creditors. This is better than bankruptcy for my creditors and at least allows me and my Wife to feel a sense of pride that we paid back something and what we paid was the best we could afford. <br> <br> <br> <br>|
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- Debt Lifeboat
it is very rare these days for any organisation to do exactly what they say they will do and its a r...
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