Depends on your link person on pay plan

Payplan www.payplan.com
★★★★☆
4.3
86.0% of users recommend this
  • Quality Of Service

  • Value For Money

blO'Neal29's review of Payplan www.payplan.com

“Depends on your link person on pay plan ”

★★★☆☆

written by blO'Neal29 on 10/09/2016

It was a very stressful time setting it all up and making the decision to Sort out things...pay plan were helpful in this phase.
Things became more difficult at the time of review each year.... Pay plan and any other IVA agency I guess really have you over a barrel, my income dropped but payments increased. I really felt I couldn't make an issue of this as options were default bad therefore bankruptcy or adding extra years onto the arrangement. Neither of these were any good!

Right at the end of the agreed term I was told by an advisor that if I was struggling to pay ( I wasn't I just stated that I wanted the agreement to end at the agreed time, I was not able to remortgage due to negative equity) then she would increase the payment term by another year. She quoted a part of the agreement re extensions without including the bit of the agreement just below it where it stated the agreement would end as per the contract if I was In negative equity. This felt to me like it was a deliberate ploy to extend the payment term...

This was quickly sorted out by another advisor ....keep hold of the contract , read it and quote it where necessary!

  • Quality Of Service

  • Value For Money

Davey-Buoy's Comment

Written on: 08/06/2017

You summed it up in one go " over a barrel ".

Reply to this comment
Was this review helpful? 2 1