I had my payments reduced down to 250 per month for one year with PB recovery who were then taken over ny Synergi (I wasnt informed!!). Anyway apparently the year was up in july 08 and my monthly paymnets should have gone back to 300 but due to the takeover I was missed and now Synergi are calling a creditors meeting about my arrears and said will extend my IVA and add on there charges!!! Surely they have to take some responsibility here?? Please help I feel ill with worry.
I agree to a certain extent, however your payments into your IVA are your responsibility to ensure they agree with your IVA agreement - if you knew in July 2007 that they were reduced for 12 months, then you should have amended the standing order in July 2008 in readiness.
Speak to your IP and see if you can come to an agreement
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
So you are only about £400 in arrears due to this oversight? It seems to me as if your IP is merely seeking another way of getting paid a larger fee. I suggest that instead, you immediately adjust the payments upwards now, and try and chip away at the arrears over the next few months. They may be technically correct to call a creditors meeting, but there are more sensible and commercial ways of dealing with minor issues just like this.
