Review from Gary (4179 views)
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|Review of: Simple Debt Solutions|
|Review date: 25 August 2011|
|Insolvency Practitioner who handled case: Not Known|
|I proceeded as far along as: Failed 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: 5 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:||1 out of 10|
|Their customer service:||1 out of 10|
|Their speed of response:||5 out of 10|
|Overall Company Rating:||1 out of 10|
|Insolvency Practitioner Ratings|
|The quality of IVA proposal:||1 out of 10|
|Overall Insolvency Practitioner Rating:||1 out of 10|
|My wife had debts of 17000 thanks to Simple Debt Solutions fees after two year this increased to 24500. The IVA they proposed was totally unrealistic, and just allowed them to rack up fees. They did not restructure the loan at all and provided nothing that could be described as a service.|
|My interaction with the company:|
|Why I gave the ratings I did:|
|I gave them mostly 1s as 0s were not available. They proposed an IVA based on the re mortgage of the property, apparantly being unaware that once my wife had an IVA this would not be possible (post credit crunch). They made no attempt to restructure the loan, even though I found out directly that the majority of the creditors were happy to do this.|
|One thing they did - which really impressed me:|
|One thing they did - which I felt could be improved:|
|No money has been written off.|
Community Comments of this review
|3 out of 5||3 out of 5||23 November 2011|
|3 out of 5||3 out of 5||22 September 2011|
|Comment: An IVA does not restructure any of the loans and the remortage clause is in all home owner IVAs|
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- Simple Debt Solutions
The came back with a solution really quick and were completely non-judgemental. I felt bad enough b...
Review from Steph, 14-May-2008
Im impressed at how quick they dealt with our IVA and how quick i recieved our paperwork also the co...
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Just the way the whole matter was handled.
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Explaining the process very clearly.
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They called me back when they said they would. The job I have means that Im only available at certai...
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