T&C Mass Variation CF

[JED]

I received the same letter with the same wording at the weekend! I refused to sign the letter last year as it would be a change to my contract. At the time I was told by CF that I was under no obligation to sign.
Looks like they went ahead anyway without my permission!
Looks like CF went for 23% but that was rejected and modified to 20%. The PPI clause i.e. I keep 50% of any claim was rejected totally by all (funny that).
IT would be very interesting to see how many others have got this letter, as its states a very small minority were not sent this in March. I don’t remember it being mentioned anywhere here on the forum.
Also if it is such a small minority why is Susan Wigglesworth’s signature scanned and not actually written in person (oh the cynic in me!)

[grimswold]

Thanks Michael!

Jed, I agree. If it was not mentioned on the forum earlier the "very small minority" is probably a big fat lie. Just like the PPI - they knew damn well it would never happen. I just feel sorry for people who signed thinking the PPI thing would happen and are none the wiser that they're being effectively screwed over by CF even if their monthly payment remains the same.

[NightOwl]

In my agreement I have standard conditions. Part ix Meetings of Creditors, appears to say that the supervisor has a right to call a meeting with creditors and propose amendments in accordance with the Act and the Rules.

The Rules 1986 (amended) state that the debtor needs to give permission when drawing up the initial proposal and to any/each amendment.

I can not find anything in the rules about subsequent amendments and the need for the debtors permission. I would love to be found wrong and corrected.

If not specifically written down in the rules, perhaps the debtors permission would still be required for amendments later on, in the same spirit as when drawing up the proposal and amendments at that time.

[lifenoteasy]

Hard to comment at this stage as nothing has been received.

[lifenoteasy]

NightOwl - it may be that you are right but in one of the previous comments it suggests that CF claimed £300 for calling the meeting.

If they are entitled to seek a variation that benefits them that is one thing but the moment they charge the debtor for purely meets their needs that is another.

[Sinking Fast]

Received my Chairmans letter today from CF.

Terms which I did not agree too!!

How do we complain about there underhanded tactics?

[grimswold]

We have requested the variation report. Does anyone else have one?

[recovering]

I have zilch so far

[ontheroad]

I got mine last week, fees up to 23 per cent accepted and 50 per cent PPI rejected, cant understand why ive got one, i finished paying my IVA in December last year, very strange !!!

[lifenoteasy]

Onttheroad - have you had your completion certificate?

[ontheroad]

No lifenoteasy, not got my CC yet, when i saw the envolope last week with Glasgow on it i thought yes at last my CC has arrived, as you can imagine there was a few choice words when i opened it.

[lifenoteasy]

I was hoping that it was poor data quality and lack of sight checking.

Would suggest that if they have not formally extended your iva for 6 months for the admin that you right back and state that you assume they have just forgot to to tell you.

The worrying thing is that if your CC has not been issued they could go back retrospectively and apply this.

At the end of the day you still get your CC but they get more money for almost no work.

Also I know that we keep referring to PJG but there were other companies that they took over around the same time and their ex clients started to go through this process.

[ontheroad]

My IVA is not extended for 6 months, it was acknowledged by CF in December that all payments have been made and that it will be passed on to their closure team, after emailing Greg at CF numerous times he has stated that it is going through closure.

I stated on here when my IVA was transferred to CF with only 1 payment left that i could,nt work out how they could make any money out of my IVA, if what you say is true about going back retrospectively to get more fees then i guess that is how they could make money and may explain why my CC is taking so long to be sent.

If that is the case (and we dont know if it is) then i would find that a pretty shocking reason to keep someone from moving on from thier IVA.

[lifenoteasy]

Its the uncertainty factor on everything - as Foggy keeps on saying they keep shooting themselves in the foot with really poor communication.

[ontheroad]

I agree lifenoteasy, the problem is i dont get any communication unless i contact them, an email from them occosionally just to update on the closure process is all i ask, not much to ask is it really? but i never hear anything from them.

Im not happy about the increase in fees but im not going to argue about it simply because my IVA is finished, if it had,nt i would be thinking differently, they can increase the fees if they wish but they wont get another penny from me, ive paid all my payments end of, all i want now is my CC.