Betty J

Review of FSS Financial

I contacted FSS after using Google search for help...

I contacted FSS after using Google search for help with debt. I have given 1 star as initially they were very helpful and polite over the phone. I was advised that an IVA WOULD be my best option (condensing 12k of debt with 9 different creditors).

When i rang FSS back to suggest I know longer needed the IVA they became very pushy, told me I was making a mistake etc. I felt like I was in a sales situation. They basically said I was lying as creditors can't stop interest and charges without an IVA - believe me they can and Will! FSS just want your money and the majority of the money you pay to them goes to them not towards your debts!! They don't offer the right advice at all!!
Please please please contact your creditors first and ask for a paypay/hardship plan and for them to stop interest and charges until the end of the plan. Or contact step change if you dont feel you can do this
An IVA is not always an easy option and can affect your finacial status and assets massively. Yes being in a payment plan will affect your finacial status but no where near like being on an IVA. And you actually do pay off your debt for the same amont!! In an IVA You are paying hardly anything off your debt and just paying money to these guys.