I assume we are talking about http://www.cleartoday.com/, who are a licensed Claims Management Company with authorisation number CRM16883. Resolve is another trading style and is featured as logo on the website – clicking on this logo takes you to TPL Claims. What is very strange is that they do not have a Consumer Credit Licence as Clear Today Limited (Company registration 06261448). It is illegal to offer debt adjustment services without a licence – which appears to be the case here. Of concern is the fact that a company called Pixpay Plc trades at the same address in Chiswick and has a trading style of Clear Today (CCL. 0596737) – who are licensed to provide debt adjustment and debt counselling services. This company is fairly young and was licensed in 2007 and is run by someone called Karl Ahmed. Both the Ministry of Justice and the Office of Fair Trading have issued strong warning before taking up the services of a Claims Management Company claiming they can get your debts written off because they are unenforceable. These stories are available on the DMT website. There is a major difference between them acting as a debt adjuster and negotiating a settlement of your debts for which they are not licensed AND challenging the enforceability of the credit agreements you have. You should also consider how you would be able to afford their fees if you are already in financial difficulty.

Defaulting on your IVA can have serious consequences and should really be discussed with your IVA supervisor. Where your disposable income increases there is a protocol in place to reflect your ability to make a larger contribution, but this is not all of your additional income as the original proposal should have been based upon £200 per month for typically 60 months. Any debt solution provider should use the same criteria to establish your disposable income using the Common Financial Statement, this would be used for both an IVA and a Debt Management Plan (DMP). So your contribution should be over £200 per month unless you genuinely can’t afford this. A DMP’s great strength is its flexibility and your monthly payments can be varied at any point, though your creditors will have to agree to freeze interest & charges. You may also want to consider the impact of a break in payments to your creditors where there appears to be no underlying reason why the IVA fails. Switching to a DMP on the same monthly contribution would not make sense as you would be paying back the whole debt (with interest & charges frozen) when you appear to have approximately 50% write off on your IVA. At this stage you will not have paid much to your creditors as you have mainly been paying the Insolvency Practitioner’s nominee fee in year one. You would probably have around 100 months of payments on a DMP to clear the debt in full, against a remaining term of 48 months on your IVA.