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

[DealorNoDeal]

Is this 5% their latest "discounted offer"? Wasn't it previously 12% or some other arbitrary figure?

Also, what happened to Gladstones acting as their "debt" collector? Perhaps they've done what they were paid to do (ie. sending out officious demands) and that's the end of their involvement.

This does all smack of a grubby money grab.

[standup]

Hi all,

Im actually thinking of taking up the 5% offer, dont need the headache anymore its has nearly destroyed my life (family issues im surprised they didnt walk out on me bless them)-i have also settled with HMRC (last year) on an installment plan.

I had my solicitor write to Felicitas an agrressive email and also asked them the following :-


"Notwithstanding the above, Mr XXXX wishes to bring this matter to a close as swiftly as possible and is agreeable to settle the loan as per your aforementioned offer utilizing the TTP Arrangement as offered.

The only concern that Mr XXXX has is the manner in which he has been a victim of what seems to be a system that was deliberately designed to cause him to be liable for the repayment of the disguised remuneration loan. He is in particular concerned as to taking your offer to make payments in line with the TTP Arrangement, what guarantee is there that you will not assign the debt to another entity before he has paid in full and therefore he finds himself in the same position again. Mr XXXX is seeking a reassurance that he will not find himself in that position and would request that it is provided on your letterhead as opposed to an email.

We look forward to receiving your response.


Felicitas response:-


Dear Mr XXXX,
Re: Your letter to Felicitas Solutions Limited regarding your client Mr XXXX
We refer to your email of XX May 2020.

The offer to settle includes provisions that the loan will not be assigned, sold or otherwise during the period of the time to pay (TTP) arrangement.

Taking up this offer would constitute a binding arrangement on both parties, and we would urge Mr XXXX to make payments according to any agreed TTP arrangement. Missing payments could put in jeopardy this agreement.

Once the payment of 5% of the current outstanding debt amount is received, we (Felicitas Solutions Limited) would write-off the remaining 95% of the debt, in full and final settlement.

We would then post to Mr XXXX a Debt Settlement Agreement making clear that the matter had been resolved.

Yours sincerely,
Director, Felicitas Solutions Limited


What do you guys think?

I would not settle (at least yet). I am not sure if you have signed up with WTT or ETC tax but I would let them do the work, as they can drive a consistent strategy of clients they represent and are surely to get better terms.


My concerns in terms of settling now would be:

- Has the loan really been assigned to Felicitas? What if you pay Felicitas and someone else shows up tomorrow and wants the same amount? I would get the trust to confirm first that it has been done correctly before I do anything.

- I am not sure if your letter says this as well, but previous posters said that the payment account is another firm than Felicitas...how does this work? why would you pay another company, when the alleged loan is owned by Felicitas.



I don't think you can trust these guys to play straight. I am sure they find some other reason to take out more flesh. Once you accepted their terms, and they have evidence that you agreed that a debt ever existed, they may start a new strategy.

In my case, I let WTT do the work for me.

[Wtaf]

Hi all,

Im actually thinking of taking up the 5% offer, dont need the headache anymore its has nearly destroyed my life (family issues im surprised they didnt walk out on me bless them)-i have also settled with HMRC (last year) on an installment plan.

I had my solicitor write to Felicitas an agrressive email and also asked them the following :-


"Notwithstanding the above, Mr XXXX wishes to bring this matter to a close as swiftly as possible and is agreeable to settle the loan as per your aforementioned offer utilizing the TTP Arrangement as offered.

The only concern that Mr XXXX has is the manner in which he has been a victim of what seems to be a system that was deliberately designed to cause him to be liable for the repayment of the disguised remuneration loan. He is in particular concerned as to taking your offer to make payments in line with the TTP Arrangement, what guarantee is there that you will not assign the debt to another entity before he has paid in full and therefore he finds himself in the same position again. Mr XXXX is seeking a reassurance that he will not find himself in that position and would request that it is provided on your letterhead as opposed to an email.

We look forward to receiving your response.


Felicitas response:-


Dear Mr XXXX,
Re: Your letter to Felicitas Solutions Limited regarding your client Mr XXXX
We refer to your email of XX May 2020.

The offer to settle includes provisions that the loan will not be assigned, sold or otherwise during the period of the time to pay (TTP) arrangement.

Taking up this offer would constitute a binding arrangement on both parties, and we would urge Mr XXXX to make payments according to any agreed TTP arrangement. Missing payments could put in jeopardy this agreement.

Once the payment of 5% of the current outstanding debt amount is received, we (Felicitas Solutions Limited) would write-off the remaining 95% of the debt, in full and final settlement.

We would then post to Mr XXXX a Debt Settlement Agreement making clear that the matter had been resolved.

Yours sincerely,
Director, Felicitas Solutions Limited


What do you guys think?

I personally wouldn't. Taking the word of these people would be on par with the Nigerian Prince that sends you the emails. I know others have contacted Felicitas for information on how they came to the debt total and had no word back. Of course they are telling you what you want to hear. Don't buy the snake oil.

[TZ46]

Thinking of settling 5%

Hi everyone,

I have been reading through this thread and for what its worth, it has been a source of hope for me.

Like many of the people on here, I have had an offer of 5% to write off the "debt", with the first payment in the next 4 weeks, however, it would pain me to give them a penny.

Would this actually end up in court?

Hi all,

Im actually thinking of taking up the 5% offer, dont need the headache anymore its has nearly destroyed my life (family issues im surprised they didnt walk out on me bless them)-i have also settled with HMRC (last year) on an installment plan.

I had my solicitor write to Felicitas an agrressive email and also asked them the following :-


"Notwithstanding the above, Mr XXXX wishes to bring this matter to a close as swiftly as possible and is agreeable to settle the loan as per your aforementioned offer utilizing the TTP Arrangement as offered.

The only concern that Mr XXXX has is the manner in which he has been a victim of what seems to be a system that was deliberately designed to cause him to be liable for the repayment of the disguised remuneration loan. He is in particular concerned as to taking your offer to make payments in line with the TTP Arrangement, what guarantee is there that you will not assign the debt to another entity before he has paid in full and therefore he finds himself in the same position again. Mr XXXX is seeking a reassurance that he will not find himself in that position and would request that it is provided on your letterhead as opposed to an email.

We look forward to receiving your response.


Felicitas response:-


Dear Mr XXXX,
Re: Your letter to Felicitas Solutions Limited regarding your client Mr XXXX
We refer to your email of XX May 2020.

The offer to settle includes provisions that the loan will not be assigned, sold or otherwise during the period of the time to pay (TTP) arrangement.

Taking up this offer would constitute a binding arrangement on both parties, and we would urge Mr XXXX to make payments according to any agreed TTP arrangement. Missing payments could put in jeopardy this agreement.

Once the payment of 5% of the current outstanding debt amount is received, we (Felicitas Solutions Limited) would write-off the remaining 95% of the debt, in full and final settlement.

We would then post to Mr XXXX a Debt Settlement Agreement making clear that the matter had been resolved.

Yours sincerely,
Director, Felicitas Solutions Limited


What do you guys think?

[piebaps]

Hi everyone,

I have been reading through this thread and for what its worth, it has been a source of hope for me.

Like many of the people on here, I have had an offer of 5% to write off the "debt", with the first payment in the next 4 weeks, however, it would pain me to give them a penny.

Would this actually end up in court?

The $64000 Question!

This sticky is (IMHO) is helpful https://www.contractoruk.com/forums/...d-summary.html

[stevematch]

Hi

I was dealing with a chick called Emma, she's not gotten back to me yet. Oh well I wonder if he was stripped of this after his slap on the wrist for being shady!

-----------------------

Yeah I dealt with Emma as well, I rattled on about the code of ethics for registered ICAEW members and did put a copy of the post on here about Fiscus and the bank account etc.

Mr Thompson would definitely have a fun time convincing anyone he abides by the Code

The Code sets out five fundamental principles,
which guide members’ behaviour:
1 Integrity
2 Objectivity
3 Professional competence and due care
4 Confidentiality
5 Professional behaviour

[Whowouldhavethought]

Hi everyone,

I have been reading through this thread and for what its worth, it has been a source of hope for me.

Like many of the people on here, I have had an offer of 5% to write off the "debt", with the first payment in the next 4 weeks, however, it would pain me to give them a penny.

Would this actually end up in court?

[NotAllThere]

Anyone know this answer? I'd just assumed you'd have one profile with all your companies listed under that? Old man Thompson was born May 1951 and there are two (at least) of him on there.

I sometimes have to check up on people on companies house. It's entirely possible for the same person to end up with multiple entries. It's also not illegal, as far as know.

[Wtaf]

Can you have more than one profile Companies House?

Anyone know this answer? I'd just assumed you'd have one profile with all your companies listed under that? Old man Thompson was born May 1951 and there are two (at least) of him on there.

[Wtaf]

-------- I sent a complaint about Mr Thompson to the ICAEW.

I refer to your email below and its attachment.

Unfortunately, we are unable to progress your complaint against Mr Thompson as he is no longer an ICAEW member.

If Mr Thompson reapplies for membership in the future, your complaint will be investigated.

If you have any evidence that Mr Thompson is holding himself out to be an ICAEW member, please send it to me. Any action we take, however, will be independent of your complaint.

-----------------------

I was dealing with a chick called Emma, she's not gotten back to me yet. Oh well I wonder if he was stripped of this after his slap on the wrist for being shady!