September 2008 | Delta Debt Management & IVA Advice

Monthly Archives: September 2008

Fuel companies forcing families into debt

Written on September 8, 2008 by Nathan Cameron

The difference on energy bills between estimated meter readings and actual balances could force many families in to debt, as they receive “catch-up” bills of hundreds of pounds.
Families facing double digit increases to fuel bills could also be landed with the prospect of hundreds of pounds of additional charges, as estimated meter readings leave them [...]

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Quarter of population face fuel poverty

Written on September 8, 2008 by Nathan Cameron

- What is your opinion?

One in four UK households will be forced into fuel poverty by the end of 2009, according to the latest report from the National Housing Federation.
Their study found that by the end of next year, an estimated 5.7 million households will be spending at least ten per cent of their income on energy bills.
Fuel poverty [...]

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Fees & Information

We cannot guarantee a reduction in interest or charges. If an IVA is not maintained it could lead to bankruptcy. Whilst initial debt advice is free, fees will be charged if a solution is taken out.

Fees related to Debt Management Plans are in two parts;

"Initial Fee" means your first two "Monthly Payments", which is paid by You to "Us". This represents our fee for establishing your arrangement, and therefore is not distributed to your creditors, and can be paid in two separate instalments. Retention of this fee will put you into further arrears.

"Monthly Fee" means the Fee payable for our Services each month. This is an amount equal to 17.5% of your "Monthly Payment" (apart from your first two "Monthly Payments" which is the "Initial Fee"), subject to a minimum payment of £30 for disposable incomes of 0 - £100, and £35 for disposable incomes of £100.01 - £200.

Fees incurred for Individual Voluntary Arrangements are variable dependent upon the monthly contribution to the arrangement and the agreement that is reached with your creditors. Fees are made up of Nominees fees relating to assistance given to prepare your proposal and Supervisor fees which relate to the ongoing monitoring of your IVA. Fees are already included as part of your monthly contribution. The level of fees and the method of payment are both agreed by your creditors at the outset of the arrangement.

A record of your agreement with us will be held on your credit file for up to six years, and your ability to obtain credit in future may be affected.

You are provided a cooling off period of fourteen days from the date the agreement was deemed to commence, during which you may cancel our agreement. Should you give notice to us that you would like a refund of a payment, or payments, (being other than the initial fee) then where no distributions have, at that time, been made by us, or are in the process or course of being made by us, in respect of that payment or payments this will be made in full (i.e. without deduction of our fee of 17.5%).

DEMSA/OFT Approval

Monthly Archives: September 2008

Fuel companies forcing families into debt

Quarter of population face fuel poverty

Fees & Information