How long does it take?

[seriousy annoyed]

I am fortunate that a family member has decided to lend me the money to settle my IVA after they found out the difficult situation I had gotten myself into financially.

I have put forward a F&F to my supervisor (PJG Recovery) which is actually the full amount that I owe on my IVA. People seem to recommend that you offer an amount less than you owe due to there being supervisors fee's included in the long term amount. I have decided to just clear exactly what I owe i.e. the amount which I originally agreed to as this sits better with me and is my own personal choice. PJG wanted to coincide this F&F with my annual review but needed written confirmation from my family member before they could action this. I was unable to get this confirmation in time and was then told in an email
"As you are aware we did wish to address this variation with your annual review, as these reports do take some time to compile, but unfortunately you did not get the required information to my office within the prescribed timescale.

Your variation report will be dealt with in due course, and as mentioned above please note that these reports do take considerable time to process and prepare. We are also obliged to give the creditors 28 days notice of the variation meeting and when the report is issued you will receive a copy."

This was the last correspondence I received from PJG and I have heard nothing from them now for over two and a half months! I am still making the monthly payments of course whilst my relative has got a very large sum of money sat in their bank waiting to pay my IVA off. PJG are aware of this.

My relative is now starting to get very itchy fingers as this is a large sum of money. They want to get it out of their current account and I am getting worried that this is going to put them off lending me the cash if this continues for much longer.

How long do PJG expect me to wait? I thought they would be snapping my hand off as it is the full amount I owe that I am trying to pay back!!! I think my relative feels the same which is worrying me also...

Surely they reports would not need much adjusting due to the fact that I submitted my relatives confirmation letter one week after my annual review was submitted?

I am getting seriously peed off to say the least... [:(!]

[lem]

Have you phoned them to find out what the delay is?

[Michael Peoples]

There is no reason for the delay although it would have been easier[and cheaper] to call the variation at the same time as circulating the annual review. Keep on at them.