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

[Nibbler]

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

If a DMP really is the way to go, then there is also the option of doing your own.

e.g. https://nedcab.cabmoney.org.uk/dmp.asp which assists you in doing so.

Not for everyone, but you do stay in control and you are not putting your money in the hands of a 3rd party.

[Amethyst]

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

Do you want to go through things on here? (start a new thread) We might be able to help you sort things out yourself or at least have a better idea where best to go next to get things sorted out.

[libra1970]

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

So what is the best road to go down?

[libra1970]

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

Stepchange are free aren't they??

Yes they are.

[Nibbler]

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

Payplan may be free for DMPs, but I've got the impression in the last few years that they have become a bit too keen to push you towards IVAs and some other paid services they offer.

Get an opinion on your best option from several free sources of advice if you can. Advice can vary. Then weigh them up.

[Amethyst]

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

Stepchange are free aren't they??

Yes, they used to be CCCS - http://www.stepchange.org/

[libra1970]

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

Stepchange are free aren't they??

Yes and so are payplan.

[Kati]

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

Yes give Stepchange a call, I know when Debt Help and Advice went down they were very good with their customers and helped them get back on track.

Stepchange are free aren't they??

[Last]

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

Yes give Stepchange a call, I know when Debt Help and Advice went down they were very good with their customers and helped them get back on track.

I spoke to my creditors and they were happy to put my accounts on hold until further information comes out and I know where I stand. But Step Change do sound one of the ways to go if this doesn't work out - my situation was that we were just settling for full and finals.

[Last]

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

Spoke to the Administartors this morning. They have asked for patients while they go through the process - still no indcation how long this will take or whetahre the money Bournes held in DMP accounts is safe but at least we should hear something in due course. its all a bit crappy though I agree.

[Amethyst]

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

Yes give Stepchange a call, I know when Debt Help and Advice went down they were very good with their customers and helped them get back on track.

[libra1970]

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

It's a bit crappy isn't it.

Bournes Website still up and live this morning.

Still nothing from the Administrators

Hi I am still wondering what the next step is do we go to another dmp like pay plan or step change( I should of stayed with step change) as Bournes have me worse off by saying they don't pay companies who still add interest on so would love to know what they done with the money that didn't go to some of my creditors.
Does anybody know how they work?

[Amethyst]

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

It's a bit crappy isn't it.

Bournes Website still up and live this morning.

Still nothing from the Administrators

[Nibbler]

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

Well, the FCA Interim Permission register now says.

In administration.

but no more details than that.... :/

[Last]

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

Ron......yes I also was speaking to him up to the middle of August. What I have concluded from the last couple of weeks is that we can't do anything until the administratirs decided to contact us. We must hope that our money is safe if not I know the names of the directors and other companies they are involved in.....rogue trders or watchdog would love to hear our stories but I am hoping it won't come to that as the administators will sort things out. I will certainly be in for a long fight if needed. I have spoken to the fca, companies house, insolvency service, citizens advice bureau, debt advisors, L A business recovery, madox brown solicitors, my creditors, FSCS and unfortunately at this time all we can do is wait. Next week should hopefully brings some news. God bless its good news.