Independent Banking Advisory Service 

What does IBAS membership offer you?

Unique benefits of using IBAS are shown in the 'bullet points' below:

• ·        IBAS is totally independent - What does that mean for me? It means that IBAS are never under financial pressure or indeed any other pressure from those who are seeking payment from you - which means that we will assess your case using the facts and information at our disposal without interference/manipulation or financial pressure from those who seek payments from you or those who are in dispute with you.

• ·        IBAS is a not for profit organisation - What does that mean for me? It means that membership fees are the only funding for our organisation’s existence and continued existence and that means banks and lenders cannot use financial leverage or muscle against us when dealing with or settling individual cases (i.e. bargaining with us for payments against your benefit). This is particularly important where payments are required from the bank or lender in either compensation or charging/overcharging issues. Because we do not receive any part of any settlement or any negotiated settlement it also means full value of a settlement is returned to our member. This provides our member with the very best possible result.

• ·        IBAS is a unique national, professional, specialist banking membership organisation, which can really make a difference for you in dealing with your bank or lender problem/issue or dispute - What does that mean for me? IBAS will take your case from a ‘local’ level and local influences to a national level and by doing so will take all ‘local’ pressures off you. IBAS will then evaluate and establish how best any claim or banking case may be resisted, diminished or negotiated for your benefit, using our professional and specialist experience from case-work over 17 years.

• ·        IBAS archived information and experience gathered from 17 years ‘case work’ for members, provides you with unique, confidential, professional business banking advice and assistance. - What does that mean for me? It means that we are experienced and professional in dealing with your banking and business banking matters and you can rely on a great deal of information, which is held by IBAS and is unique to IBAS and is not shared with or used by any other entity.

• ·       IBAS operates without any conflicts of interest or threat to your business position. - What does that mean for me? It means that any company/individual offering services to business or business banking advice, where there is profit to be made or percentage payments are levied or involved within any resolution with a bank/lender is themselves ‘open to’ or susceptible to financial leverage and financial bullying by banks. This may detrimentally alter the result for you. IBAS does not obtain any form of payment other than a membership fee from you.

• ·       Bank recovery action may be slowed, whilst IBAS request and obtain information from them. - What does that mean for me? Extra time means you can organise and prepare your personal position better, also whilst IBAS identify exactly what the position is and evaluate what defences there may be you will not be able to jeopardize your own position by being in direct contact with the bank.

• ·        IBAS act for you as a professional advisor in all dealings with the bank. - What does that mean for me? It means that IBAS involvement automatically reduces stress for you from the bank’s claim against you personally. It also means that IBAS can and will ask questions which are based on 17 years experience dealing with bank claims.

• ·         IBAS will obtain information from the bank and focus on the important facts for decision making. - What does that mean for me? This means that information which the bank may have concealed or want to conceal is discovered for your benefit in either defending the bank’s claim or in negotiating the claim away or at a reduced level, than would otherwise have been possible.

• ·         IBAS are watching new law as it emerges and we consider existing case law when assessing your personal case or business issue. - What does that mean for me? We watch new law as it emerges because banks ignore new case law if it is not for their benefit. They act as if it doesn’t exist when dealing with individuals or small businesses. We evaluate whether a defence is available or may be available and also whether new case law provides a means with which a bank’s claim can be disputed.

• ·        IBAS evaluation of your case will determine what case law the bank will rely upon in their claim against you and whether any new case law may change the bank’s position. - What does that mean for me? This means that if case law has recently altered or new law has been made, it could offer an alternative position for you and using the arguments available we may then negotiate the claim away, negotiate it down in value or prepare you for a defence to be lodged.

• ·       When IBAS dispute a bank claim it can be for the whole claim or part of that claim. - What does that mean for me? Sometimes when confronted with IBAS questions and requests for information banks and lenders see that we have prepared a solid position, which they would find difficult when proceeding further. They will make a decision not to continue with litigation and we cement agreement for ending that claim. In other cases strengths of our drafted defence is enough to obtain a healthy compromise position.

• ·       If IBAS evaluation shows a bank’s claim to be indisputable we will negotiate the debt and advise you at what level a proposal is necessary. Negotiations and proposals are specifically based on individual financial positions and circumstances. - What does that mean for me? It means that after assessment if we conclude a debt cannot be undermined or devalued - negotiation is necessary to prevent further costs inflating the debt or worse a court claim and charges on property with orders for sale. We will advise you on the level of settlement necessary.

• ·        IBAS 17 year history and our media success provides strength to bank negotiations on your behalf. - What does that mean for me? It means that banks and lenders are aware of our history and the issues we have publicized and the media campaigns we have run successfully. The banks are aware of our contacts with the media and that we contribute to National TV and Radio banking programmes and national news items. Banks are careful that questions we ask or documents we request, are answered and provided to us. This means that information and facts, which otherwise would not have been known, or shown, are obtained - this assists IBAS in negotiating the validity of any bank's claim/security and/or in reducing the bank's debt claim.

• ·        IBAS case work over 17 years provides us with unique knowledge of individual banks and their debt recovery systems. - What does that mean for me? It means that we know how each bank works and also what each bank is currently seeking from a completed income/expenditure schedule/personal financial statement. Our knowledge and input in providing any defence or settlement proposal is therefore to your advantage.

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Independent Banking Advisory Service (IBAS) is a national, independent, non-profit, unique specialist banking customer membership organization which resolves banking complaints and disputes and which has campaigned on UK Banking customer issues since 1992. We provide bank and banking assessment, analysis, bank comment and content for BBC TV News, ITV, Radio and national newspapers, keeping many serious banking issues 'alive'.