CREDIT FIX WANT ME TO SIGN THIS

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recovering

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Post by recovering » Thu Dec 04, 2014 7:39 pm
so there is nothing in there about the secured loan issue? I am stil confused about whether I have a minimum dividend and as the person I spoke to at creditfix didn't understand how I am paid or my uplift they obviously haven't looked at my file very well so how can they assume my terms and condition differ? I am so confused
 
 

Adam Davies

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Post by Adam Davies » Thu Dec 04, 2014 7:41 pm
Hi

Estimated is the normal dividend pledge rather than guaranteed so nothing to worry about

If you are none homeowner and there is no mention of guaranteed dividend then your IVA will not extend unless you have missed payments/debts far higher than originally calculated

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Andam Davies
 
 

ivamess

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Post by ivamess » Thu Dec 04, 2014 7:52 pm
So, if we sign it and don't own a house the IVA just runs its five years?
 
 

harrysmummy78

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Post by harrysmummy78 » Thu Dec 04, 2014 7:52 pm
I can not find anywhere in our proposals or chairmans report minimum or estimated all mine says is dividend £0.17
Also I had modifications to lower the fee to 15% by all of our creditors so how do CF expect to get this passed off and changed to 23%?
Inter-locking IVA approved 25th Feb 2013 - F&F offer Accepted 06th July 2017 - Completion Certificate received 20th July 2017
 
 

recovering

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Post by recovering » Thu Dec 04, 2014 7:56 pm
I think my fees were reduced too all I could find was what I posted earlier ....Andy can you confirm the Equity release issue isn't included in the letter? I just can't make head nor tail of it
 
 

Pap

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Post by Pap » Thu Dec 04, 2014 8:01 pm
As far as I am concerned I have it in writing from Pjg and cf that my ts and ca will remain the same and I have complied completely with everything asked of me to date. I have never been missold ppi and to try to claim otherwise is fraud. I will not be bullied into adopting these changes by them saying my case will take longer to close. I don't agree that the iP and creditors hold all the aces, we are protected BY LAW and I will take legal advice if they try to change the way my iva is run, especially at this late stage. I will thank them for their kind offer but politely decline it other basis it is of no benefit whatsoever to me, thank you very much. Any attempt to convince me otherwise by them will not go well.
May 2015 - Completed!!
 
 

recovering

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Post by recovering » Thu Dec 04, 2014 8:11 pm
I'm Scared[:(]
 
 

Adam Davies

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Post by Adam Davies » Thu Dec 04, 2014 8:17 pm
Hi

Equity release looks unaffected by the new proposed modification

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Andam Davies
 
 

Adam Davies

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Post by Adam Davies » Thu Dec 04, 2014 8:22 pm
Hi

Pap, there have been cases on here where people have been adamant that they have not been misold PPI only to find out that they have infact been subject to an element of PPI, hence IPs checking all credit agreements

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Andam Davies
 
 

recovering

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Post by recovering » Thu Dec 04, 2014 8:23 pm
I will be asking all the questions listed on this thread and requesting answers in writing I think, I dont know what to do for the best
 
 

Michael Peoples

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Post by Michael Peoples » Thu Dec 04, 2014 8:25 pm
I think there are some valid concerns and I think you should raise these with the IP. Provided you are given safeguards then you could sign. For example I would want it confirmed that if I achieve 100p in the £ my fees are capped at the level agreed at the meeting of creditors. I would also want confirmation that all resolutions had to be accepted before the variation could be passed.

I do not think this is much to ask for.
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recovering

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Post by recovering » Thu Dec 04, 2014 8:29 pm
I wonder what mel's opinion would have been on this if she wasn't involved? Without wanting to upset anyone she is sorely missed on here never mind as my IP
 
 

recovering

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Post by recovering » Thu Dec 04, 2014 8:30 pm
Michael i have compiled a little list of your questions to ask!!! Thank you
 
 

recovering

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Post by recovering » Thu Dec 04, 2014 8:32 pm
Also Michael do you agree with Andy that Equity release is not touched upon in the letter?
 
 

anap

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Post by anap » Thu Dec 04, 2014 9:21 pm
If I sign will I get 50% of the ppi that CliffordWatts have already claimed?
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