Bournes Debt Solutions (Bournes Limited) - FCA requirements & administration

[Amethyst]

Re: Bournes Debt Solutions (Bournes Limited) - FCA requirements & administration

Having looked at their website they do appear to be pushing hard for IVA's ALSO I note they say they don't charge any UP-FRONT FEES

I suggest these are weasel words as they most likely do charge on-going fees but don't say so

5.2 We will take from each monthly payment under the Debt Management Programme a fee equal to 22% of the periodic payment, subject to a minimum of £38,

[righty]

Re: Bournes Debt Solutions (Bournes Limited) - FCA requirements & administration

ALSO can you put this somewhere prominent AME (if you haven't already)

https://www.lovemoney.com/news/38948...h%20newsletter

[righty]

Re: Bournes Debt Solutions (Bournes Limited) - FCA requirements & administration

Hobart & Platinum again ..... who else was it ended up being sent there?

ahhh

First Step Finance, Welcome Solutions Ltd , Debt Connect (UK)

see http://www.legalbeagles.info/forums/...556#post444556

Having looked at their website they do appear to be pushing hard for IVA's ALSO I note they say they don't charge any UP-FRONT FEES

I suggest these are weasel words as they most likely do charge on-going fees but don't say so

[Kati]

Re: Bournes Debt Solutions (Bournes Limited) - FCA requirements & administration

Hobart & Platinum again ..... who else was it ended up being sent there?

ahhh

First Step Finance, Welcome Solutions Ltd , Debt Connect (UK)

see http://www.legalbeagles.info/forums/...556#post444556

go to Stepchange or Payplan :lol:

[Amethyst]

Re: Bournes Debt Solutions (Bournes Limited) - FCA requirements & administration

Hobart & Platinum again ..... who else was it ended up being sent there?

ahhh

First Step Finance, Welcome Solutions Ltd , Debt Connect (UK)

see http://www.legalbeagles.info/forums/...556#post444556

5.1 There will be no initial fees payable by you towards Platinum Management for your Debt Management Programme

5.2 We will take from each monthly payment under the Debt Management Programme a fee equal to 22% of the periodic payment, subject to a minimum of £38, however if a situation arises where taking the minimum would represent more than 50% of the full payment it will be reduced to 50%. If in accordance with our records you have conducted and completed your Debt Management Programme satisfactorily will, refund 9 months of management fee. EXCEPTION; Waiver of the latter fees will not apply where ‘full and final’ settlement has been arranged.

[Nibbler]

Re: Bournes Debt Solutions (Bournes Limited) - FCA requirements & administration

See:

[Pallawan]

Re: Bournes Debt Solutions (Bournes Limited) - FCA requirements & administration

No .... This waiting is so hard.

[Last]

Re: Bournes Debt Solutions (Bournes Limited) - FCA requirements & administration

Anyone got any updates?????

[righty]

Re: Bournes Debt Solutions (Bournes Limited) - FCA requirements & administration

You need to know if your money is safe & unless Mr Levy can give you that assurance I would still contact the Ombudsman

[Pallawan]

Re: Bournes Debt Solutions (Bournes Limited) - FCA requirements & administration

Ok that's the answer I was looking for. I couldn't see the point of contacting them until Mr Levy has some conclusive news. I asked because I read some people have contacted them. I agree it's best to wait.
Thanks everyone x

[righty]

Re: Bournes Debt Solutions (Bournes Limited) - FCA requirements & administration

Mr Levy doesn't want the ombudsman looking over his shoulder

[Last]

Re: Bournes Debt Solutions (Bournes Limited) - FCA requirements & administration

Mr Levy in his letter has asked that we don't do anything rash at the moment - I read this as not to make a complaint to the ombudsman yet until Mr Levy has done his thing and let us know if we are to get are money back. It may be that at some point the ombudsman is last resort but for now be patient and lets wait and see - I don't want to do anything that may slow his process down. It's hard this waiting game :tinysmile_cry_t:

[Kati]

Re: Bournes Debt Solutions (Bournes Limited) - FCA requirements & administration

Hi Kati
I've done everything I think. Contacted administrator, creditors, DMP plan set up with StepChange etc. it's just I was reading how some people have rung the ombudsman and put claims in and I don't understand why? I thought by contacting Mr Levy the administrator and sending all statements etc that was putting in a claim. What does the ombudsman do that's different?
excuse my ignorance

While you could contact the ombudsman, I cannot see it making much difference (correct me if I'm wrong?!) as they really cannot do anything more at this time

xx

[Pallawan]

Re: Bournes Debt Solutions (Bournes Limited) - FCA requirements & administration

Hi Kati
I've done everything I think. Contacted administrator, creditors, DMP plan set up with StepChange etc. it's just I was reading how some people have rung the ombudsman and put claims in and I don't understand why? I thought by contacting Mr Levy the administrator and sending all statements etc that was putting in a claim. What does the ombudsman do that's different?
excuse my ignorance

[Kati]

Re: Bournes Debt Solutions (Bournes Limited) - FCA requirements & administration

Can anyone advise?

[MENTION=52843]Pallawan[/MENTION] .... what have you done so far??

The ombudsman (to me) seems like a last resort ...
Have you notified the administrators??
Have you got a reply??

At the end of the day, it is your choice - if you want to get in touch with he ombudsman, we'll be here to advise. If you don't, then we'll be here too :tinysmile_twink_t2:

K x