IQ Consultants, Felicitas Solutions, ECS Trustees - loan repayment demands

[neveragain]

Same Letter

I have this letter also.

Also says this one-time offer will settle both the interest and loan capital of all outstanding loans if paid within a week.

I have mailed them back disputing this interest/loan, will see if they reply.

[livelearn]

Has anyone contact the law firm and ask them.if they really are dealing with this for these crooks ?

Would a law firm really put a 'Pay now number' on there document ?

Seems a scam trying it on, like they have been for years last year it was someone else demanding money to settle these for 10k and write everything off and this today..

So they sold the loans on? , be interesting to see how long the company that bought been running, who the owners are etc.

[Scrogbank]

Need to understand

Be aware.

Big Group looks to resolve tax issues.

As a by product we do have many clients who have had these letters and we are thinking about our net step. It will be outside Big Group and therefore have a different fee structure.

What might the fee structure look like?

[agent smith]

same here

I have this letter also.

Also says this one-time offer will settle both the interest and loan capital of all outstanding loans if paid within a week.

I have mailed them back disputing this interest/loan, will see if they reply.

I also received the letter today, and intend to challenge. Any suggestions how to draft the letter to avoid compromising oneself? I definitely don't intend to pay a non-existent loan, but know I am in for a long and possible hard fight.

Maybe a standard, watertight letter would be a good way to start, if only to stave off the vultures for a while.

[Horner5000]

Anxious- who can advise on this?

Be aware.

Big Group looks to resolve tax issues.

As a by product we do have many clients who have had these letters and we are thinking about our net step. It will be outside Big Group and therefore have a different fee structure.

How can i join big group? So anxious any help appreciated

[corsair]

I too have just received these letters. All very official looking, stating legal proceedings have started. Telling me I have a week to pay and if I do they will cancel the loans.

I wished this would go away. I don’t have £10000 to pay them.

They are making me very upset.

I’ve agreed a settlement with the HMRC to repay my tax owing.

Please, need advice.

[pnr8uk]

I have this letter too, I have sent this to my tax advisor though I suspect it will be out of their jurisdiction. However if I do get any solid feedback I will let you all know.

I am also very keen to hear what everyone else is intending to do.

I too have settled with HMRC for these loans.

[Scrogbank]

What did you say

I have this letter also.

Also says this one-time offer will settle both the interest and loan capital of all outstanding loans if paid within a week.

I have mailed them back disputing this interest/loan, will see if they reply.

Would be good to know what you replied to them, perhaps we might all go down the same line

[webberg]

What might the fee structure look like?

Well, assuming we put together a decent strategy to resist/manage the situation, it's likely to be not too far away from our Big Group model.

In other words a joining fee plus an ongoing maintenance fee.

The difference here is that resisting the loan demands is primarily a legal matter and we are tax specialists. Therefore our role is to limit the lawyers to the grounds we can identify as fruitful for clients and dealing with the tax consequences of whatever that strategy is.

To a degree we will be taking a punt on numbers but we have a decent starting pot of clients who have used the schemes in question. Assuming they will be on board, hopefully the per capita cost will be reasonable.

[webberg]

Would be good to know what you replied to them, perhaps we might all go down the same line

Do not rely upon advice from an anonymous poster on a public forum.

If the number if significant, you do need to think about getting professional advice.